57 chapters · 953 sections in this title.
N.D.C.C. § 61-37-15 Remedies on default of municipal securities
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In the event of a default by an irrigation district in the payment of interest on or principal of any municipal securities owned or held by the program, the program may proceed to enforce payment, pursuant to law, of the interest or principal or other amount then due and payable.
N.D.C.C. § 61-37-16 Form of municipal securities and investments
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All municipal securities held by the program as permitted or provided for under this chapter must at all times be purchased and held in fully marketable form, subject to provision for any registration in the name of the program. All municipal securities at any time purchased, hel…
N.D.C.C. § 61-37-17 Presumption of validity
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After issuance, all bonds of the program are conclusively presumed to be fully authorized and issued under the laws of this state, and any person or governmental unit is estopped from questioning their authorization, sale, issuance, execution, or delivery by the program.
N.D.C.C. § 61-37-18 Protection of service during term of guarantee or loan
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1. The service provided or made available by an irrigation district through the construction or acquisition of an improvement, or the improvement revenues, financed in whole or in part with a guarantee or loan to the irrigation district from the program or any other state agency …