North Dakota § 61-35-47 Limitations on authorizations contained in chapter - Effect of chapter on bonds issued before August 1, 1995

North Dakota Statutes

§ 61-35-47 — Limitations on authorizations contained in chapter - Effect of chapter on bonds issued before August 1, 1995

North Dakota § 61-35-47

Title 61Waters

Ch. 61-35Water Districts

This text of North Dakota § 61-35-47 (Limitations on authorizations contained in chapter - Effect of chapter on bonds issued before August 1, 1995) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 61-35-47 (2026).

Text

bonds issued before August 1, 1995. Nothing in this chapter may be deemed in any way to:

1.Alter the terms of any agreements made with the holders of any outstanding notes, bonds, or other obligations of the district, before August 1, 1995;

2.Authorize the district to alter the terms of any such agreements, or to impair, or to authorize the district to impair, the rights and remedies of any creditors of the district; or

3.To authorize any district to do anything in any manner or for any purpose which would result in the creation or incurring of a debt or indebtedness or the issuance of any instrument that would constitute a debt or indebtedness within the meaning of any provision, limitation, or restriction of the Constitution of North Dakota relating to the creation or incurring of a d

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bonds issued before August 1, 1995.
Nothing in this chapter may be deemed in any way to:
1. Alter the terms of any agreements made with the holders of any outstanding notes,
bonds, or other obligations of the district, before August 1, 1995;
2. Authorize the district to alter the terms of any such agreements, or to impair, or to
authorize the district to impair, the rights and remedies of any creditors of the district;
or
3. To authorize any district to do anything in any manner or for any purpose which would
result in the creation or incurring of a debt or indebtedness or the issuance of any
instrument that would constitute a debt or indebtedness within the meaning of any
provision, limitation, or restriction of the Constitution of North Dakota relating to the
creation or incurring of a debt or indebtedness or the issuance of an instrument
constituting a debt or indebtedness.