North Dakota Statutes
§ 61-08-07 — Bonds - Rate of interest
Every bond provided for in this chapter must be a negotiable instrument and must bear
interest at a rate or rates resulting in an average annual net interest rate which must not exceed
twelve percent per annum if the bonds are sold at private sale. There is no interest rate ceiling
on bonds sold at public sale or to the state of North Dakota or any of its agencies or
instrumentalities. Each bond must specify the time and place of payment of the principal.
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Nearby Sections
15
§ 61-01-01
Waters of the state - Public waters§ 61-01-01.1
Reciprocal rights of riparian owners§ 61-01-02
Right to use water - Basis - Waters appropriated for irrigation purposes - Priority in time§ 61-01-04
Eminent domain - Who may exercise§ 61-01-06
Watercourse and waterway - Definitions§ 61-01-07
Obstruction of watercourses - Penalty§ 61-01-08
Obstructing navigation - Penalty§ 61-01-09
Destruction of dams - Penalty§ 61-01-11
Removing or injuring piles - Penalty