North Dakota § 40-33.1-13 Tax contract by the state

North Dakota Statutes

§ 40-33.1-13 — Tax contract by the state

North Dakota § 40-33.1-13

Title 40Municipal Government

Ch. 40-33.1Municipal Steam Heating Authorities

This text of North Dakota § 40-33.1-13 (Tax contract by the state) 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 § 40-33.1-13 (2026).

Text

The state of North Dakota covenants with the purchasers and with all subsequent holders
and transferees of notes issued by an authority pursuant to this chapter, in consideration of the
acceptance of and payment for the notes, that the notes of an authority issued pursuant to this
chapter and the income therefrom, and all moneys, funds, and revenues pledged to pay or
secure the payment of such notes shall at all times be free from taxation except for estate taxes
and taxes on transfers by or in contemplation of death.

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The state of North Dakota covenants with the purchasers and with all subsequent holders
and transferees of notes issued by an authority pursuant to this chapter, in consideration of the
acceptance of and payment for the notes, that the notes of an authority issued pursuant to this
chapter and the income therefrom, and all moneys, funds, and revenues pledged to pay or
secure the payment of such notes shall at all times be free from taxation except for estate taxes
and taxes on transfers by or in contemplation of death.