North Dakota Statutes
§ 40-34-06 — Sinking fund for payment of interest and principal
If a service rate is charged to the users of an improvement made under this chapter, a
sufficient portion of the moneys collected for such service shall be set aside as a sinking fund
for the payment of the interest on the bonds and the principal thereof at maturity, and shall
constitute a special fund which shall be used for no other purpose.
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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