North Dakota § 11-30-21 Liability of disorganized county on existing obligations - Municipal organizations - Issuance of bonds - Compromises

North Dakota Statutes

§ 11-30-21 — Liability of disorganized county on existing obligations - Municipal organizations - Issuance of bonds - Compromises

North Dakota·Title 11 Counties·Ch. 11-30 Disorganization of Counties

organizations - Issuance of bonds - Compromises.
The disorganization of a county shall not affect its liability upon contracts or otherwise and
shall not affect the organization of school districts, townships, and municipalities within the
territory contained in the disorganized county. The board of county commissioners of the
adjoining county to which the disorganized county is attached for judicial, record, and taxation
purposes may compromise debts and obligations of the disorganized county existing at the time
of the disorganization and may issue bonds or certificates of indebtedness in settlement or
compromise of, or to refund, such debts and obligations. Bonds or certificates issued under the
provisions of this section shall bear upon their face a statement that the principal and int

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organizations - Issuance of bonds - Compromises.
The disorganization of a county shall not affect its liability upon contracts or otherwise and
shall not affect the organization of school districts, townships, and municipalities within the
territory contained in the disorganized county. The board of county commissioners of the
adjoining county to which the disorganized county is attached for judicial, record, and taxation
purposes may compromise debts and obligations of the disorganized county existing at the time
of the disorganization and may issue bonds or certificates of indebtedness in settlement or
compromise of, or to refund, such debts and obligations. Bonds or certificates issued under the
provisions of this section shall bear upon their face a statement that the principal and interest to
become due thereon shall be paid only from taxes levied upon the property within the
disorganized county.

North Dakota § 11-30-21 (Liability of disorganized county on existing obligations - Municipal organizations - Issuance of bonds - Compromises) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.