Minnesota Statutes Local Public Utilities, Enterprises (Ch. 451-459) § 452.13. Term of grant or lease

Nothing insections 452.08to452.13contained shall be construed to authorize any city of the first class to make any grants or to lease any public utility for a period exceeding 20 years from the making of the grant or lease; provided, that when a right to maintain and operate a public utility for a period not exceeding 20 years is contained in a mortgage or deed of trust to secure any of the certificates (and no such right shall be implied), the period shall commence as provided insection 452.09.