Minnesota Statutes 398A.01 – Definitions
Subdivision 1.Application.
The terms defined in this section are used in sections 398A.01 to 398A.08 with the following meanings, respectively.
Subd. 2.Authority.
Terms Used In Minnesota Statutes 398A.01
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- Personal property: All property that is not real property.
Terms Used In Minnesota Statutes 398A.01
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- Personal property: All property that is not real property.
“Authority” means a regional railroad authority organized and existing as a political subdivision and local government unit pursuant to section 398A.03.
Subd. 3.Bonds.
“Bonds” means any bonds, notes, or other obligations issued by an authority pursuant to section 398A.07.
Subd. 4.Governing body.
“Governing body” means the board, council, or other body authorized by law to exercise the governmental powers of a municipality.
Subd. 5.Municipality.
“Municipality” means any county, city, or town.
Subd. 6.Project.
“Project” means any railroad facilities proposed to be acquired, constructed, improved, or refinanced by an authority in whole or part by the issuance of bonds, including any real or personal property, structures, machinery, equipment, and appurtenances determined by the authority to be useful or convenient for railroad operations and handling passengers or freight.
Subd. 7.Real property.
“Real property” means lands, structures, improvements thereof, and water and riparian rights, and any and all interests and estates therein, legal or equitable, including but not limited to easements, rights-of-way, uses, leases, and licenses.