North Dakota § 61-35-30 Resolution authorizing project and the issuance of revenue bonds

North Dakota Statutes

§ 61-35-30 — Resolution authorizing project and the issuance of revenue bonds

North Dakota·Title 61 Waters·Ch. 61-35 Water Districts

The acquisition, construction, reconstruction, improvement, betterment, or extension of any
project and the issuance of bonds in anticipation of the collection of the revenues of such project
to provide funds to pay the associated costs may be authorized by a resolution of the board
adopted after appropriate notice by the affirmative vote of a majority of the board. The amount
of such bonds may not exceed the amount authorized by the participating members of the
district as provided in this chapter. Unless otherwise provided in the resolution, the resolution
under this section takes effect immediately and need not be laid over, published, or posted.

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The acquisition, construction, reconstruction, improvement, betterment, or extension of any
project and the issuance of bonds in anticipation of the collection of the revenues of such project
to provide funds to pay the associated costs may be authorized by a resolution of the board
adopted after appropriate notice by the affirmative vote of a majority of the board. The amount
of such bonds may not exceed the amount authorized by the participating members of the
district as provided in this chapter. Unless otherwise provided in the resolution, the resolution
under this section takes effect immediately and need not be laid over, published, or posted.

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