N.D. Cent. Code § 1-07-02
This is the official text of N.D. Cent. Code § 1-07-02, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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1-07-02. Validation of bonds issued in financing project under federal emergency administration of public works
Official statutory text
1-07-02. Validation of bonds issued in financing project under federal emergency
administration of public works.
All bonds issued prior to July 1, 1937, for the purpose of financing or aiding in the financing
of any work, undertaking, or project by any public body to which any loan or grant heretofore
has been made by the United States through the federal emergency administrator of public
works for the purpose of financing or aiding in the financing of such work, undertaking, or
project, including all proceedings for the authorization and issuance of such bonds, and the
sale, execution, and delivery thereof, are validated, ratified, approved, and confirmed,
notwithstanding:
1. Any lack of power, other than constitutional, of such public body or the governing body,
commission, or officers thereof, to authorize and issue such bonds, or to sell, execute,
or deliver the same;
2. Any defects or irregularities, other than constitutional, in such proceedings, or in such
sale, execution, or delivery; and
3. That such governing body, commission, or officers may not have been elected,
appointed, or qualified for the offices they purported to hold.
Such bonds are and shall be binding, legal, valid, and enforceable obligations of such public
body.
administration of public works.
All bonds issued prior to July 1, 1937, for the purpose of financing or aiding in the financing
of any work, undertaking, or project by any public body to which any loan or grant heretofore
has been made by the United States through the federal emergency administrator of public
works for the purpose of financing or aiding in the financing of such work, undertaking, or
project, including all proceedings for the authorization and issuance of such bonds, and the
sale, execution, and delivery thereof, are validated, ratified, approved, and confirmed,
notwithstanding:
1. Any lack of power, other than constitutional, of such public body or the governing body,
commission, or officers thereof, to authorize and issue such bonds, or to sell, execute,
or deliver the same;
2. Any defects or irregularities, other than constitutional, in such proceedings, or in such
sale, execution, or delivery; and
3. That such governing body, commission, or officers may not have been elected,
appointed, or qualified for the offices they purported to hold.
Such bonds are and shall be binding, legal, valid, and enforceable obligations of such public
body.
Status: in_force · Read it on the official government site
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