North Dakota Statutes
§ 61-08-22 — Bonds may be secured by trust indenture - Powers vested in trustee
In the discretion of the board, bonds may be secured by a trust indenture by and between
the district and a corporate trustee, which may be any trust company or bank having the powers
of a trust company within or outside this state. The board may vest in the trustee the right to
enforce any covenant made to secure or to pay the bonds.
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Nearby Sections
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Destruction of dams - Penalty§ 61-01-11
Removing or injuring piles - Penalty