North Dakota § 40-35-04 Resolution authorizing undertaking and the issuance of revenue bonds

North Dakota Statutes

§ 40-35-04 — Resolution authorizing undertaking and the issuance of revenue bonds

North Dakota·Title 40 Municipal Government·Ch. 40-35 Revenue Bond Law

The acquisition, construction, reconstruction, improvement, betterment, or extension of any
undertaking, and the issuance of bonds in anticipation of the collection of the revenues of such
undertaking to provide funds to pay the cost thereof, may be authorized by an ordinance or
resolution of the governing body adopted at any meeting thereof, after appropriate notice, by the
affirmative vote of a majority of its members. The amount of such bonds so authorized, however,
shall not exceed the amount authorized by the electors of the municipality as provided in this
chapter. Unless otherwise provided in the ordinance or resolution, such ordinance or resolution
shall take effect immediately and need not be laid over, published, or posted.

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The acquisition, construction, reconstruction, improvement, betterment, or extension of any
undertaking, and the issuance of bonds in anticipation of the collection of the revenues of such
undertaking to provide funds to pay the cost thereof, may be authorized by an ordinance or
resolution of the governing body adopted at any meeting thereof, after appropriate notice, by the
affirmative vote of a majority of its members. The amount of such bonds so authorized, however,
shall not exceed the amount authorized by the electors of the municipality as provided in this
chapter. Unless otherwise provided in the ordinance or resolution, such ordinance or resolution
shall take effect immediately and need not be laid over, published, or posted.

North Dakota § 40-35-04 (Resolution authorizing undertaking and the issuance of revenue bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.