North Dakota § 40-61-12 State and city not liable on bonds - Exceptions as to cities

North Dakota Statutes

§ 40-61-12 — State and city not liable on bonds - Exceptions as to cities

North Dakota·Title 40 Municipal Government·Ch. 40-61 Municipal Parking Authority Act

The bonds and other obligations of an authority shall not be a debt of the state of North
Dakota and the state shall not be liable thereon. The bonds and other obligations of an authority
shall not be a debt of a city and a city shall not be liable thereon unless a city agrees to assist in
financing projects and facilities through the issuance of municipal bonds or other obligations
which are considered to be a part of the debt of the city as provided in section 40-61-03.1.

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The bonds and other obligations of an authority shall not be a debt of the state of North
Dakota and the state shall not be liable thereon. The bonds and other obligations of an authority
shall not be a debt of a city and a city shall not be liable thereon unless a city agrees to assist in
financing projects and facilities through the issuance of municipal bonds or other obligations
which are considered to be a part of the debt of the city as provided in section 40-61-03.1.

North Dakota § 40-61-12 (State and city not liable on bonds - Exceptions as to cities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.