North Dakota Statutes
§ 61-35-15 — Revenue bonds
A district may issue revenue bonds, not exceeding an aggregate total outstanding of fifty
million dollars, to finance construction of projects and incidental facilities authorized by this
chapter. Issuance of revenue bonds must be approved by two-thirds of all of the members of the
district board. The district shall pledge sufficient revenue from any revenue-producing facility
constructed with the aid of revenue bonds for the payment of principal and interest on the bonds
and shall establish rates for the facilities at a sufficient level to provide for the operation of such
facilities and for the bond payments. Revenue bonds may not be a general obligation of any
political subdivision and may not be secured by property taxes.
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Destruction of dams - Penalty§ 61-01-11
Removing or injuring piles - Penalty