123.00 – Exclusion of Self-Liquidating Indebtedness in Ascertaining the Power of a Municipality to Contract Indebtedness.
§ 123.00 Exclusion of self-liquidating indebtedness in ascertaining the power of a municipality to contract indebtedness. a. As used in this section: 1. The term “outstanding indebtedness”, shall mean indebtedness evidenced by bonds and bond anticipation notes. 2. The term “public improvement” shall mean either a single improvement or a group of improvements, which are […]
124.00 – Bonds for Pensions; Ascertainment of Amount Thereof to Be Excluded.
§ 124.00 Bonds for pensions; ascertainment of amount thereof to be excluded. a. As used in this section, the term “accrued liabilities” shall mean the liabilities of a pension or retirement system or fund accrued, both on account of pensioners on the pension roll and prospective pensions to dependents of such pensioners and on account […]
124.10 – Exclusion of Certain Indebtedness for Sewage Facilities in Ascertaining the Power of a Municipality to Contract Indebtedness.
§ 124.10 Exclusion of certain indebtedness for sewage facilities in ascertaining the power of a municipality to contract indebtedness. a. In ascertaining the power of a municipality to contract indebtedness, there may be excluded any outstanding indebtedness contracted by such municipality on or after January first, nineteen hundred sixty-two, and prior to January first, two […]
109.00 – Filing of Debt Statement Required.
§ 109.00 Filing of debt statement required. a. Not more than fifteen nor less than three days before any municipality, fire district, or any school district having an aggregate assessed valuation of taxable real property of one hundred thousand dollars or more, sells any bonds which are required to be sold at public sale, it […]
120.00 – Indebtedness of Certain District Corporations; Amount Thereof Included as Indebtedness of Municipalities.
§ 120.00 Indebtedness of certain district corporations; amount thereof included as indebtedness of municipalities. a. As used in this section: 1. The term “assessment roll” shall mean the assessment roll used for the annual county, city, town or village taxes, as the case may be. 2. The term “city, village or town affected” shall mean […]
121.00 – Indebtedness of School Districts Merged With or Annexed to a School District in a City; Amount Thereof to Be Included as Indebtedness of Such School D
§ 121.00 Indebtedness of school districts merged with or annexed to a school district in a city; amount thereof to be included as indebtedness of such school district. In ascertaining the power of a school district in a city to contract indebtedness the following indebtedness shall be included as indebtedness of such school district: 1. […]
121.10 – Indebtedness of School Districts Merged With or Annexed to a School District Outside of a City.
§ 121.10 Indebtedness of school districts merged with or annexed to a school district outside of a city. a. In ascertaining the power of a school district, other than a school district in a city, to issue bonds or bond anticipation notes, there shall be included the amount of bonded indebtedness of a merged or […]
100.00 – Requirement of Pledge of Faith and Credit.
§ 100.00 Requirement of pledge of faith and credit. Every municipality, school district and district corporation shall pledge its faith and credit for the payment of all indebtedness contracted by it.
101.00 – Giving or Loaning of Municipal Credit and Contracting Indebtedness Other Than for Municipal Purposes Prohibited.
§ 101.00 Giving or loaning of municipal credit and contracting indebtedness other than for municipal purposes prohibited. a. No municipality, school district or district corporation shall: 1. Give or loan its credit to or in aid of any individual, or public or private corporation or association, or private undertaking, or 2. Contract indebtedness except for […]
102.00 – Consent by Cities, Towns and Villages to the Contracting of Indebtedness by Certain District Corporations.
§ 102.00 Consent by cities, towns and villages to the contracting of indebtedness by certain district corporations. a. As used in this section, the term “district corporations” shall mean any district corporation other than a fire district, or a river improvement, river regulating, or drainage district, established by or under the supervision of the department […]