North Dakota § 61-08-06 Bonds - Terms

North Dakota Statutes

§ 61-08-06 — Bonds - Terms

North Dakota § 61-08-06

Title 61Waters

Ch. 61-08Fiscal Affairs of Irrigation Districts

This text of North Dakota § 61-08-06 (Bonds - Terms) 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 § 61-08-06 (2026).

Text

Bonds issued by any irrigation district under the provisions of this chapter must be in the
denominations and form, be subject to redemption with or without premium, and be subject to
any other terms or conditions as the board of directors may determine, and must mature in not
more than forty years from the date of the bonds. If the maturities are serial, the first installment
of principal must fall due not more than three years, and the last installment not more than forty
years, from the date of the bonds.

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Bonds issued by any irrigation district under the provisions of this chapter must be in the
denominations and form, be subject to redemption with or without premium, and be subject to
any other terms or conditions as the board of directors may determine, and must mature in not
more than forty years from the date of the bonds. If the maturities are serial, the first installment
of principal must fall due not more than three years, and the last installment not more than forty
years, from the date of the bonds.