North Dakota Statutes

§ 61-35-31 — Refunding bonds authorized by resolution - Adoption - Taking effect

North Dakota·Title 61 Waters·Ch. 61-35 Water Districts
Refunding bonds must be authorized by resolution of the board. The resolution may be adopted at a regular or special meeting, including the meeting at which it is introduced, by the affirmative vote of a majority of the members of the board, and takes effect immediately upon adoption. Other proceedings or procedure are not required for the issuance of refunding bonds by the district.

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