North Dakota § 61-08-01 Resolution to institute initial proceedings for bonds - Contents - Adoption

North Dakota Statutes

§ 61-08-01 — Resolution to institute initial proceedings for bonds - Contents - Adoption

North Dakota § 61-08-01

Title 61Waters

Ch. 61-08Fiscal Affairs of Irrigation Districts

This text of North Dakota § 61-08-01 (Resolution to institute initial proceedings for bonds - Contents - Adoption) 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 § 61-08-01 (2026).

Text

Proceedings for the issuance of bonds by an irrigation district must be instituted by the adoption of an initial resolution by the board of directors of the district. The initial resolution must state:

1.The maximum principal amount of bonds proposed to be issued.

2.The purpose for which the bonds are proposed to be issued.

3.The total amount of bonded indebtedness, if any, of the district.

4.Any other statement of fact deemed advisable by the board. The initial resolution may be adopted by a majority of the board at any regular meeting or at any special meeting of which the prescribed notice has been given.

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Proceedings for the issuance of bonds by an irrigation district must be instituted by the
adoption of an initial resolution by the board of directors of the district. The initial resolution must
state:
1. The maximum principal amount of bonds proposed to be issued.
2. The purpose for which the bonds are proposed to be issued.
3. The total amount of bonded indebtedness, if any, of the district.
4. Any other statement of fact deemed advisable by the board.
The initial resolution may be adopted by a majority of the board at any regular meeting or at any
special meeting of which the prescribed notice has been given.