Bonds issued pursuant to section 40-27-01 shall be the general obligations of the issuing municipality, and the full faith and credit and the unlimited taxing power of such municipality shall be pledged to their payment.
Bonds to be general obligations of municipality
N.D.C.C. § 40-27-04, under Funding and Refunding Special Assessment Warrants.
N.D.C.C. § 40-27-04