North Dakota Statutes
§ 61-39-11 — Notes and bonds exempt from taxation
Notwithstanding any restriction contained in any other law, the state and all public officers,
boards, and agencies, and political subdivisions and agencies thereof, including the public
finance authority; all national banking associations; state banks; trust companies; savings banks
and institutions; savings and loan associations; investment companies; and other persons
carrying on a banking business; and executors, administrators, guardians, trustees, and other
fiduciaries, may legally invest any sinking funds, moneys, or other funds belonging to them or
within their control in any bonds issued by the authority pursuant to this chapter, and the bonds
are authorized security for public deposits. Notes and bonds, including refunding bonds, issued
under this chapter and their income are ex
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Nearby Sections
15
§ 61-01-01
Waters of the state - Public waters§ 61-01-01.1
Reciprocal rights of riparian owners§ 61-01-02
Right to use water - Basis - Waters appropriated for irrigation purposes - Priority in time§ 61-01-04
Eminent domain - Who may exercise§ 61-01-06
Watercourse and waterway - Definitions§ 61-01-07
Obstruction of watercourses - Penalty§ 61-01-08
Obstructing navigation - Penalty§ 61-01-09
Destruction of dams - Penalty§ 61-01-11
Removing or injuring piles - Penalty