North Dakota § 40-34-08 Tax levy to pay deficiency when bonds become due

North Dakota Statutes

§ 40-34-08 — Tax levy to pay deficiency when bonds become due

North Dakota § 40-34-08

Title 40Municipal Government

Ch. 40-34Sewage and Garbage Disposal

This text of North Dakota § 40-34-08 (Tax levy to pay deficiency when bonds become due) 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 § 40-34-08 (2026).

Text

If the last maturing bonds secured by a first mortgage or deed of trust on an improvement,
as provided in this chapter, are not paid when they become due, and if a deficiency remains, the
governing body of the municipality, or the respective governing bodies of the municipalities,
shall levy a tax upon all of the taxable property within the limits of the municipality or
municipalities for the payment of such deficiency.

Free access — add to your briefcase to read the full text and ask questions with AI

If the last maturing bonds secured by a first mortgage or deed of trust on an improvement,
as provided in this chapter, are not paid when they become due, and if a deficiency remains, the
governing body of the municipality, or the respective governing bodies of the municipalities,
shall levy a tax upon all of the taxable property within the limits of the municipality or
municipalities for the payment of such deficiency.