§ 23-24-10 — District may issue warrants in anticipation of taxes levied to pay current expenses

expenses.
After a vector control district has been established and a board of commissioners has been
appointed and organized, the board of commissioners may, in order to pay current district
expenses including per diem compensation and expenses of commissioners and wages and
salaries of officers or employees, by resolution authorize and issue district warrants in
anticipation of impending collection and receipt of taxes levied. The warrants must bear such
rate of interest as the board may determine, not to exceed twelve percent per annum. There is
no interest rate ceiling on warrant issues sold to the state of North Dakota or any of its agencies
or instrumentalities. The district treasurer shall keep a register in which to enter each warrant
issued showing the date and amount of each warrant, the date of payment, and the amount paid
in redemption thereof. All warrants must be paid in order of their presentation for payment to the
district treasurer. The warrants must be drawn to the claimant or bearer in the same manner as
a county warrant and must be signed by the chairman of the board of commissioners and
countersigned by the treasurer of the district. The total amount of warrants issued in any year to
pay current district expenses may not exceed eighty percent of the district's tax levy for such
year.