North Dakota Statutes

§ 61-08-41 — Issuance of revenue bonds

North Dakota·Title 61 Waters·Ch. 61-08 Fiscal Affairs of Irrigation Districts
The acquisition, construction, reconstruction, improvement, betterment, or extension of any revenue-producing facility, and the issuance of revenue bonds in anticipation of the collection of the revenues of the facility, may be authorized by resolution adopted by the affirmative vote of a majority of the board of directors. The amount of the bonds authorized may not exceed the amount authorized by the electors of the district as provided in this chapter.

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