Title 40 — Municipal Government
85 chapters · 759 sections in this title.
N.D.C.C. § 40-27-01 Municipality may issue bonds to purchase special assessment warrants
1.0K chars
A municipality may issue bonds for the purchase of outstanding special assessment warrants of the municipality before or after their maturity, at the best price obtainable, but not exceeding sixty percent of the par value thereof and the interest accrued to the date of purchase. …
N.D.C.C. § 40-27-03 Funding bonds to mature serially - When installments fall due
0.3K chars
Bonds issued for the purchase of special assessment warrants shall mature serially. The first installment shall fall due not more than three years from the date of issuance of the bonds, and the last installment shall fall due not more than twenty years from the date of the bonds…
N.D.C.C. § 40-27-04 Bonds to be general obligations of municipality
12.8K chars
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. 40-27-05. Special fund for payment of bonds issued for purc…