North Dakota Statutes
§ 40-34-04 — Bonds may be issued by municipality - Term of bonds - Determining conditions
conditions.
Any municipality through its governing body, or any municipalities jointly through their
governing bodies, may issue and sell the necessary bonds for the construction and installation
of any improvement described in this chapter, including the disposal plant and such intercepting
and other sewers as may be necessary to permit the effective operation of such system, and for
the purchase of such real and personal property as may be necessary for use in connection with
such system. Such bonds shall be payable in not more than thirty years from the date of
issuance. The governing body or the respective governing bodies shall determine the
denomination, the date, time, and manner of payment of such bonds.
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Nearby Sections
15
§ 40-01-01
Definitions§ 40-01-02
Municipalities are bodies corporate§ 40-01-04
Vested rights§ 40-01-09
Official newspaper of municipality§ 40-01-13
Payment of accounts by municipality