North Dakota § 11-05-26 Board of county commissioners of consolidated county may issue evidences of indebtedness

North Dakota Statutes

§ 11-05-26 — Board of county commissioners of consolidated county may issue evidences of indebtedness

North Dakota·Title 11 Counties·Ch. 11-05 Consolidation of Counties

evidences of indebtedness.
If authorized in the approved consolidation plan, the board of county commissioners of the
consolidated county may compromise debts and obligations of a previous county and may issue
bonds or certificates of indebtedness in settlement or compromise of, or to fund, those debts
and obligations. Bonds or certificates issued under this section must bear upon their face a
statement that the principal and interest to become due may be paid only from taxes levied
upon the property within the territory which constituted the previous county prior to the
consolidation.

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evidences of indebtedness.
If authorized in the approved consolidation plan, the board of county commissioners of the
consolidated county may compromise debts and obligations of a previous county and may issue
bonds or certificates of indebtedness in settlement or compromise of, or to fund, those debts
and obligations. Bonds or certificates issued under this section must bear upon their face a
statement that the principal and interest to become due may be paid only from taxes levied
upon the property within the territory which constituted the previous county prior to the
consolidation.

North Dakota § 11-05-26 (Board of county commissioners of consolidated county may issue evidences of indebtedness) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.