North Dakota Statutes
§ 40-36-14 — Recourse to general fund to pay refunding bonds prohibited - Credit or taxing power not pledged to payment
taxing power not pledged to payment.
No recourse shall be had to the general fund of any municipality for the payment of
refunding bonds or interest thereon, or any part thereof. The credit or taxing power of any
municipality shall not be deemed to be pledged to the payment of refunding bonds.
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North Dakota § 40-36-14 (Recourse to general fund to pay refunding bonds prohibited - Credit or taxing power not pledged to payment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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 municipality