North Dakota § 40-57-12 Validity of bonds

North Dakota Statutes

§ 40-57-12 — Validity of bonds

North Dakota § 40-57-12

Title 40Municipal Government

Ch. 40-57Municipal Industrial Development Act

This text of North Dakota § 40-57-12 (Validity of 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 § 40-57-12 (2026).

Text

Revenue bonds bearing the signatures of the appropriate officers who are in office on the
date of the signing thereof shall be valid and binding obligations notwithstanding that before the

delivery thereof and payment therefor, any or all of the persons whose signatures appear
thereon shall have ceased to be officers of the municipality issuing the same. The validity of said
bonds shall not be dependent on nor be affected by the validity or regularity of any proceedings
relating to the acquisition, purchase, construction, reconstruction, improvement, betterment, or
extension of the project for which said bonds are issued. The ordinance or resolution authorizing
said bonds may provide that the bonds shall contain a recital that they are issued pursuant to
this chapter, and such recital sha

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

Revenue bonds bearing the signatures of the appropriate officers who are in office on the
date of the signing thereof shall be valid and binding obligations notwithstanding that before the

delivery thereof and payment therefor, any or all of the persons whose signatures appear
thereon shall have ceased to be officers of the municipality issuing the same. The validity of said
bonds shall not be dependent on nor be affected by the validity or regularity of any proceedings
relating to the acquisition, purchase, construction, reconstruction, improvement, betterment, or
extension of the project for which said bonds are issued. The ordinance or resolution authorizing
said bonds may provide that the bonds shall contain a recital that they are issued pursuant to
this chapter, and such recital shall be conclusive evidence of their validity and of the regularity of
their issuance.