North Dakota Statutes

§ 21-03-05 — Limitation applicable to independent municipal indebtedness

North Dakota § 21-03-05
JurisdictionNorth Dakota
Title 21Governmental Finance
Ch. 21-03Bonds

This text of North Dakota § 21-03-05 (Limitation applicable to independent municipal indebtedness) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.D. Cent. Code § 21-03-05 (2026).

Text

The amount limited in section 21-03-04 includes such indebtedness only as may be incurred independently by a municipality for its own separate purposes and does not include any indebtedness, in whole or in part, that may be incurred independently by any other municipality for its own separate purposes, even though the territory and taxable property of either municipality constitutes the whole or a part of the territory and taxable property of the other.

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Bluebook (online)
North Dakota § 21-03-05, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/21-03-05.