North Dakota Statutes
§ 40-35-06 — Issuance of bonds for electric light and power plant - When approval of electors required
North Dakota § 40-35-06
This text of North Dakota § 40-35-06 (Issuance of bonds for electric light and power plant - When approval of electors required) 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 § 40-35-06 (2026).
Text
electors required.
No bonds shall be issued by any municipality for the purpose of financing the construction
of a new electric light and power plant or distribution system, for the purchase or acquisition of
an existing electric light and power plant or distribution system, or for the construction of
extensions to any electric light and power plant or distribution system in excess of twenty
percent of the book value thereof as shown by its books, unless the question of issuing such
bonds has been submitted to a vote of the qualified electors of the municipality as provided in
section 40-35-07 and has been approved by a majority of such electors voting on such question.
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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 municipalityCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 40-35-06, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/40-35-06.