Section 360.69 — Insurance.
360.69 INSURANCE. Any hangar, shop, or other building constructed or purchased with funds received from the sale of such revenue certificates shall be kept insured against loss by fire and windstorm in stock insurance companies licensed to write insurance in Minnesota to the amount of the outstanding revenue certificates if such amount is obtainable and […]
Section 360.70 — Rentals And Earnings.
360.70 RENTALS AND EARNINGS. All rentals received for the use of such hangar, shop, or other building and all earnings realized by the municipality or municipality and county as the case may be by reason of operations carried on in such hangar, shop, or other building shall be paid into the airport building revenue fund. […]
Section 360.71 — Revenue Certificate Terms.
360.71 REVENUE CERTIFICATE TERMS. Such revenue certificates shall bear such date, mature at such times, bear such rates of interest not exceeding 7-1/2 percent per annum, and be sold at such times and under such terms as the governing body or governing bodies as the case may be may deem to be for the best […]
Section 360.72 — Refund Certificate.
360.72 REFUND CERTIFICATE. After such revenue certificates are issued, the governing body shall have power to issue refunding revenue certificates when the funds on hand in such airport building revenue certificate fund are not sufficient to meet any maturing revenue certificates or interest or to refund such revenue certificates at their optional or callable dates […]
Section 360.73 — Authority Supersedes Contrary Law.
360.73 AUTHORITY SUPERSEDES CONTRARY LAW. No provision of any existing law or special or home rule charter shall be deemed or construed to impair, curtail, or limit in amount, form, or manner the power to authorize and issue revenue certificates as herein provided and the revenue certificates herein authorized shall not be included in computing […]
Section 360.68 — Airport Jointly Owned; Revenue Certificates.
360.68 AIRPORT JOINTLY OWNED; REVENUE CERTIFICATES. Any city of the second, third, or fourth class, statutory city, or county which now or hereafter owns a public airport licensed as such by the Minnesota Department of Transportation or any city of such class and a county acting jointly in the ownership of a public airport so […]