North Dakota § 23-11-23 Bonds - Validity when officer who signs bond is no longer in office - Deemed issued for housing project

North Dakota Statutes

§ 23-11-23 — Bonds - Validity when officer who signs bond is no longer in office - Deemed issued for housing project

North Dakota § 23-11-23

Title 23Health and Safety

Ch. 23-11Housing Authorities Law

This text of North Dakota § 23-11-23 (Bonds - Validity when officer who signs bond is no longer in office - Deemed issued for housing project) 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 § 23-11-23 (2026).

Text

Deemed issued for housing project.
If any of the commissioners or officers of an authority whose signatures appear on any
bonds or coupons cease to be a commissioner or officer before the delivery of the bonds, the
signatures are valid and sufficient for all purposes the same as if the commissioner or officer
had remained in office until the delivery had been completed. Any bonds issued under this
chapter must be fully negotiable. In an action, suit, or proceeding involving the validity or
enforceability of any bond of an authority or of the security for the bond, the bond must be
deemed conclusively to have been issued for a housing project if the bond recites that it has
been issued by the authority to aid in financing a housing project to provide dwelling
accommodations for persons of l

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Deemed issued for housing project.
If any of the commissioners or officers of an authority whose signatures appear on any
bonds or coupons cease to be a commissioner or officer before the delivery of the bonds, the
signatures are valid and sufficient for all purposes the same as if the commissioner or officer
had remained in office until the delivery had been completed. Any bonds issued under this
chapter must be fully negotiable. In an action, suit, or proceeding involving the validity or
enforceability of any bond of an authority or of the security for the bond, the bond must be
deemed conclusively to have been issued for a housing project if the bond recites that it has
been issued by the authority to aid in financing a housing project to provide dwelling
accommodations for persons of low or moderate income. The project is planned, located, and
constructed in accordance with this chapter if this statement is contained in the bond.