Minnesota § 365.48 - COUNTY MAY BOND TO PAY DEBT OF DISSOLVED TOWN
Full text of Minnesota Minnesota Statutes § 365.48 — COUNTY MAY BOND TO PAY DEBT OF DISSOLVED TOWN, with citation guidance and answers to common questions.
§ 365.48. COUNTY MAY BOND TO PAY DEBT OF DISSOLVED TOWN
Subdivision 1.If year's levy not enough.
A county board may issue funding or refunding bonds to pay off the outstanding bonds, warrants, and judgments of a dissolved town if they amount to more than one year's maximum levy under this section. The bonds must be issued as provided by law for the issuing of county funding or refunding bonds.
Subd. 2.No election.
The bonds may be issued without first submitting the question of the issue to the electors residing in the town's territory or in the county.
Subd. 3.Obligation of town territory only.
The bonds are not an obligation of the county but are an obligation of the territory that used to be in the town. The bonds are payable out of levies made against the property in that territory under section 365.47. The restrictions in this subdivision must be printed on the face of the bonds.
Subd. 4.Chapter 475 applies.
The bonds must be issued according to sections 475.51, 475.53, 475.54, 475.58, 475.62, 475.63, and 475.72 unless this section has a different procedure. The tax levy required by section 475.61 must be made against the property of the territory obligated on the bonds.
History:
(1002-12) 1931 c 96 s 4; 1935 c 189; 1987 c 229 art 8 s 1; 1996 c 399 art 2 s 12
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 365.48
What does Minnesota Statutes § 365.48 cover?
Section 365.48 ("COUNTY MAY BOND TO PAY DEBT OF DISSOLVED TOWN") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 365.48?
A common citation format is "Minnesota Statutes § 365.48" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 365.48 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.