North Dakota § 40-53.1-08 Income from property of a dissolved municipality

North Dakota Statutes

§ 40-53.1-08 — Income from property of a dissolved municipality

North Dakota § 40-53.1-08

Title 40Municipal Government

Ch. 40-53.1Dissolution of Cities

This text of North Dakota § 40-53.1-08 (Income from property of a dissolved municipality) 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 § 40-53.1-08 (2026).

Text

Money received from the operation of property of a dissolved city shall be used in the following priority:

1.To pay employees engaged in the operation, maintenance, and protection of the property.

2.To pay the interest on the bonded indebtedness of the municipality.

3.To purchase or redeem bonded indebtedness of the municipality.

4.After all bonded indebtedness has been paid, to the general fund of the county.

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Money received from the operation of property of a dissolved city shall be used in the
following priority:
1. To pay employees engaged in the operation, maintenance, and protection of the
property.
2. To pay the interest on the bonded indebtedness of the municipality.
3. To purchase or redeem bonded indebtedness of the municipality.
4. After all bonded indebtedness has been paid, to the general fund of the county.