North Dakota Statutes

§ 40-58-15 — Exercise of urban renewal project powers

North Dakota § 40-58-15
JurisdictionNorth Dakota
Title 40Municipal Government
Ch. 40-58Urban Renewal Law

This text of North Dakota § 40-58-15 (Exercise of urban renewal project powers) 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 § 40-58-15 (2026).

Text

the issuer and the federal government in which the issuer agrees to borrow from the federal government and the federal government agrees to lend to the issuer, prior to the maturity of the bonds or other obligations, moneys in an amount which together with any other moneys irrevocably committed to the payment of interest on the bonds or other obligations will suffice to pay the principal of such bonds or other obligations with interest to maturity thereon, which moneys under the terms of the agreement are required to be used for the purpose of paying the principal of and the interest on the bonds or other obligations at their maturity. The bonds and other obligations are authorized security for all public deposits. This section does not relieve any person of any duty of exercising reasonab

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Bluebook (online)
North Dakota § 40-58-15, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/40-58-15.