Minnesota Statutes > Chapter 450 – Art or Recreational Facility


§ 450.19	Tourist Camping Grounds
§ 450.20	Art Commission; Work of Art
§ 450.21	City May Spend to Exhibit Private Science, Art
§ 450.22	Conditions Precedent
§ 450.23	Gifts or Devises; Acceptance
§ 450.24	Expenditures
§ 450.25	Museum, Gallery, or School of Arts or Crafts; Tax Levy
§ 450.31	Cities First Class, Recreational Facilities
§ 450.32	Application

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Bequest: Property gifted by will.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Devise: To gift property by will.
Donor: The person who makes a gift.
estimated market value: has the meaning given in section 273. See Minnesota Statutes 645.44
Ex officio: Literally, by virtue of one's office.
Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
Personal property: All property that is not real property.
state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
Tax: means any fee, charge, exaction, or assessment imposed by a governmental entity on an individual, person, entity, transaction, good, service, or other thing. See Minnesota Statutes 645.44