North Dakota § 40-57-10 Sale of revenue bonds

North Dakota Statutes

§ 40-57-10 — Sale of revenue bonds

North Dakota § 40-57-10

Title 40Municipal Government

Ch. 40-57Municipal Industrial Development Act

This text of North Dakota § 40-57-10 (Sale of revenue bonds) 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 § 40-57-10 (2026).

Text

Revenue bonds shall be sold at not less than ninety-five percent of par plus any accrued
interest. Such bonds may be sold at private sale, or such bonds may be sold at public sale after
notice of such sale has been published once at least five days prior to such sale in a newspaper
circulating in the municipality. State or national banks may purchase bonds from each issue of
revenue bonds issued under the provisions of this chapter in an amount not to exceed at any
time twenty-five percent of the unimpaired capital and surplus of the bank.

Free access — add to your briefcase to read the full text and ask questions with AI

Revenue bonds shall be sold at not less than ninety-five percent of par plus any accrued
interest. Such bonds may be sold at private sale, or such bonds may be sold at public sale after
notice of such sale has been published once at least five days prior to such sale in a newspaper
circulating in the municipality. State or national banks may purchase bonds from each issue of
revenue bonds issued under the provisions of this chapter in an amount not to exceed at any
time twenty-five percent of the unimpaired capital and surplus of the bank.