North Dakota § 21-03-09 Initial resolution - Form

North Dakota Statutes

§ 21-03-09 — Initial resolution - Form

North Dakota § 21-03-09

Title 21Governmental Finance

Ch. 21-03Bonds

This text of North Dakota § 21-03-09 (Initial resolution - Form) 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 § 21-03-09 (2026).

Text

Proceedings for the issuance of bonds under the authority of this chapter must be instituted by the adoption of an initial resolution therefor. Such initial resolution must state:

1.The maximum amount of bonds proposed to be issued.

2.The purpose for which they are proposed to be issued.

3.The assessed valuation of all taxable property in the municipality as defined in section 21-03-01.

4.The total amount of bonded indebtedness of the municipality.

5.The amount of outstanding bonds of the municipality issued for a similar purpose.

6.Any other statement of fact deemed advisable by the governing body or voters proposing the same.

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Proceedings for the issuance of bonds under the authority of this chapter must be instituted
by the adoption of an initial resolution therefor. Such initial resolution must state:
1. The maximum amount of bonds proposed to be issued.
2. The purpose for which they are proposed to be issued.
3. The assessed valuation of all taxable property in the municipality as defined in section
21-03-01.
4. The total amount of bonded indebtedness of the municipality.
5. The amount of outstanding bonds of the municipality issued for a similar purpose.
6. Any other statement of fact deemed advisable by the governing body or voters
proposing the same.