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·Title 40 Municipal Government·Ch. 40-34 Sewage and Garbage Disposal

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.

North Dakota § 40-34-08 (Tax levy to pay deficiency when bonds become due) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.