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85 chapters · 1,001 sections in this title.
N.D.C.C. § 40-27-01 Municipality may issue bonds to purchase special assessment warrants
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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. § 40-27-02 Issuance of funding bonds - Question need not be submitted to electors nor to board of budget review
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The bonds provided for in section 40-27-01 may be issued pursuant to a resolution or ordinance of the governing body of the municipality without submitting the question to the electors of the municipality. The question of the issuance of such bonds need not be submitted to the bo…
N.D.C.C. § 40-27-03 Funding bonds to mature serially - When installments fall due
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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
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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.
