§ 465.05 TAX LEVY TO PAY INTEREST.
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MN Code › Part 465_466 › Chapter 465 › Section 465.05
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When a city accepts a gift or donation under section 465.04 , the governing body of the city may enter into a written contract for the payment of interest as provided under section 465.04 . The city council shall annually levy a tax sufficient to pay the obligation incurred under the contract at the time other taxes are levied.
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