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SECTION 12.01. OFFICIAL PUBLICATIONS.
   The Council shall annually designate a legal newspaper of general circulation in the City as its official newspaper in which shall be published ordinances and other matters required by law to be so published as well as such other matters as the Council may deem it in the public interest to have published in this manner.
SEC. 12.02. OATH OF OFFICE.
    Every officer of the City shall, before entering upon the duties of his office, take and subscribe an oath of office in substantially the following form: “I do solemnly swear (or affirm) to support the constitution of the United States and of this State and to discharge faithfully the duties devolving upon me as (Mayor, Council Member, City Administrator, etc.) of the City of Luverne to the best of my judgment and ability.”
SEC. 12.03. CITY OFFICERS NOT TO BE INTERESTED IN CONTRACTS.
   Except as otherwise permitted by law, no officer of the City who is authorized to take part in any manner in any contract with the City shall voluntarily have a personal financial interest in such contract or personally benefit financially therefrom.
SEC. 12.04. OFFICIAL BONDS.
   The City Administrator, and such other officers or employees of the City as may be provided for by ordinance, shall each before entering upon the duties of his respective office or employment, give a corporate surety bond to the City in such form and in such amount as may be fixed by the Council as security for the faithful performance of his official duties and the safekeeping of the public funds. Such bonds may be either individual or blanket bonds in the discretion of the Council. They shall be approved by the City Council, and approved as to form by the City Attorney, and filed with the City Administrator. The provisions of the laws of the State relating to official bonds not inconsistent with this Chapter shall be complied with. The premiums on such bonds shall be paid by the City.
SEC. 12.05. SALE OF REAL PROPERTY.
   The sale or conveyance of any interest in real property of the City may be negotiated and a purchase agreement entered into by any practicable means, including a public auction or private sale, subject to approval by the Council in the form of adoption of an ordinance. The proceeds of any sale of such property shall be used as far as possible to retire any outstanding indebtedness incurred by the City in the purchase, construction, or improvement of this or other property used for the same public purpose. If there is no such outstanding indebtedness, the Council may by ordinance or resolution designate some other public use for the proceeds.
SEC. 12.06. VACATION OF STREETS.
   The Council may by resolution approved by unanimous vote, vacate any street, alley, public grounds, public way or any part thereof within the City. Such vacation may be made only after published notice and an opportunity has been given to affected property owners and the public to be heard, and upon such further terms and by such procedure as the Council by ordinance may prescribe. A notice of completion of such proceedings shall be filed with the proper County officers in accordance with law.
SEC. 12.07. CITY TO SUCCEED TO RIGHTS AND OBLIGATIONS OF FORMER CITY.
   The City shall succeed to all the property, rights, and privileges, and shall be subject to all the legal obligations of the City under the former charter.
SEC. 12.08. TERMS OF PRESENT MAYOR AND COUNCIL MEMBERS.
   The present Mayor and Council Members shall, upon adoption of this Charter, continue to serve their current terms.
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