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2002_0107_packet
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2002_0107_packet
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estimates and then not beyond the actual receipts. The council <br />may at any time by resolution approved by a four-fifths vote of <br />all the members of the council reduce the sums appropriated for <br />any purpose by the budget resolution or authorize the transfex <br />of sums from unencumbered balances of appropriations in the <br />budget resolution to other purposes. <br />HIST: 1949 c 119 s 89; 1953 c 735 s 10; 1974 c 337 s 13 <br />==412.741 <br />412.741 Disbursement of funds. <br />The provisions of section 412.271 shall apply to cities <br />operating under Optional Plan B except that orders shall be <br />signed by the mayor and manager and no order shall be marked not <br />paid for want of funds and except as otherwise provided in this <br />section. Every resolution or motion authorizing a disbursement <br />and every order shall specify the purpose for which the <br />disbursement is made and indicate the fund from which it is to <br />be paid. No order shall be issued until there is money to the <br />credit of the fund from which it is to be paid sufficient to pay <br />the order together with all then outstanding encumbrances upon <br />the fund. The manager shall specify on each contract requiring <br />the payment of money by the city the particular fund out of <br />which the same is to be paid, and shall cause a suitable <br />notation to that effect to be made on each such contract. The <br />council may by ordinance make further regulations for the <br />safekeeping and disbursement of the funds of the city. <br />HIST: 1949 c li9 s 90; 1973 c 123 art 2 s 1 subd 2 <br />==412.751 <br />412.751 Emerqency debt certificates. <br />If in any year the receipts from taxes or other sources <br />should from some unfpreseen cause become insufficient for the <br />ordinary expenses of the city or if any calam�.ty or any other <br />public emerqency should subject the city to the necessity of <br />making extraordinary expendi�ures, the council may authorize the <br />sale by the city treasurer of emergency debt certificates to run <br />not to exceed two years and to bear interest at not more than <br />seven percent per year. A tax sufficient to redeem all such <br />certificates at maturity shall be levied as part of the budget <br />for the following year. The authorization of an issue of such <br />emergency deb� certificates shall be given by an ordinance <br />approved by all the members of the council. <br />HIST: 1949 c 119 s 91; 1974 c 337 s 14 <br />1% <br />
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