North Dakota Statutes
§ 21-03-43 — Investment of sinking funds
North Dakota § 21-03-43
This text of North Dakota § 21-03-43 (Investment of sinking funds) 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 § 21-03-43 (2026).
Text
Taking care that enough cash is retained always in the sinking fund to provide for annual payments of principal and interest, the surplus, if any, may be loaned or invested under the direction of the proper governing body as follows:
1.In the outstanding bonds for the payment of which the sinking fund is required, at any
price not exceeding the principal, accrued interest, and a premium of not to exceed
two years' interest on such bonds.
2.In interest-bearing bonds of the United States, or of the state of North Dakota, or of
any municipality as defined in section 21-03-01.
3.In conformity with the provisions of chapter 21-04.
Investments of the class specified in subsection 2 continue a part of the sinking fund and must
be held in custody of the treasurer of the municipality. Bonds repr
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Nearby Sections
15
§ 21-01-01
Definitions§ 21-01-02
Warrant - Order of payment§ 21-01-03
Maximum amount of warrants or indebtedness - Violation of provisions - Liability - Penalty§ 21-01-04
Warrants for current expenses§ 21-01-05
Warrants for salaries and official publications - Payable one-half in cash prior to other warrants§ 21-01-07
Warrant register - By whom kept - Form§ 21-01-10
Cashbook and register open to inspection§ 21-02-01
Definitions§ 21-02-03
Certificate of county auditor§ 21-02-04
Signing false certificates - PenaltyCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 21-03-43, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/21-03-43.