North Dakota § 40-34-14 Payment of bonds by taxation - Limitations

North Dakota Statutes

§ 40-34-14 — Payment of bonds by taxation - Limitations

North Dakota § 40-34-14

Title 40Municipal Government

Ch. 40-34Sewage and Garbage Disposal

This text of North Dakota § 40-34-14 (Payment of bonds by taxation - Limitations) 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 § 40-34-14 (2026).

Text

Municipalities issuing bonds under this chapter, the principal or interest of which are not to
be paid out of funds created from service charges as provided in this chapter, may raise such
sum annually by taxation as the governing body or the respective governing bodies may deem
necessary to pay the interest on such bonds and to create a sinking fund to pay the principal
thereof as it falls due, but the amounts so raised shall not exceed in amount the limitations
provided in chapter 21-03.

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Municipalities issuing bonds under this chapter, the principal or interest of which are not to
be paid out of funds created from service charges as provided in this chapter, may raise such
sum annually by taxation as the governing body or the respective governing bodies may deem
necessary to pay the interest on such bonds and to create a sinking fund to pay the principal
thereof as it falls due, but the amounts so raised shall not exceed in amount the limitations
provided in chapter 21-03.