N.D. Cent. Code § 11-05-26
This is the official text of N.D. Cent. Code § 11-05-26, 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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11-05-26. Board of county commissioners of consolidated county may issue evidences of indebtedness
Official statutory text
11-05-26. Board of county commissioners of consolidated county may issue
evidences of indebtedness.
If authorized in the approved consolidation plan, the board of county commissioners of the
consolidated county may compromise debts and obligations of a previous county and may issue
bonds or certificates of indebtedness in settlement or compromise of, or to fund, those debts
and obligations. Bonds or certificates issued under this section must bear upon their face a
statement that the principal and interest to become due may be paid only from taxes levied
upon the property within the territory which constituted the previous county prior to the
consolidation.
evidences of indebtedness.
If authorized in the approved consolidation plan, the board of county commissioners of the
consolidated county may compromise debts and obligations of a previous county and may issue
bonds or certificates of indebtedness in settlement or compromise of, or to fund, those debts
and obligations. Bonds or certificates issued under this section must bear upon their face a
statement that the principal and interest to become due may be paid only from taxes levied
upon the property within the territory which constituted the previous county prior to the
consolidation.
Status: in_force · Read it on the official government site
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