North Dakota Century Code

Chapter 21-03

Bonds

Section Section Name
21-03-01 Definitions
21-03-02 Provisions not applicable to certain issues
21-03-03 Irregularities do not vitiate bonds
21-03-03.1 Validation of certain school district bond issues
21-03-04 Grant of power to borrow ‑ General limitations of indebtedness
21-03-05 Limitation applicable to independent municipal indebtedness
21-03-06 Purposes and specific limitations of bond issues
21-03-06.1 School district voter approval of building authority or other indirect funding methods - Building construction project approval
21-03-07 Election required ‑ Exceptions
21-03-08 Maximum interest rate, maturity, and denominations
21-03-09 Initial resolution ‑ Form
21-03-10 Initial resolution ‑ How adopted
21-03-10.1 School districts ‑ Use of bond funds
21-03-11 Elections ‑ When and how called and held
21-03-12 Notice of election to be given
21-03-13 Ballot ‑ Contents
21-03-14 Bonds issued without an election
21-03-15 Direct, annual, irrepealable tax
21-03-16 Authority to borrow and issue bonds ‑ When complete
21-03-17 Record of proceedings
21-03-18 Form and contents of bonds
21-03-19 Bonds ‑ Terms
21-03-20 Interest ‑ Ceases at maturity unless presented for payment
21-03-21 Execution of bonds
21-03-21.1 Attorney general to give opinion on legal sufficiency of investments
21-03-22 Recording of bonds
21-03-23 Bond record
21-03-24 Destruction of bonds not sold within three years
21-03-25 Bonds ‑ Advertised for bids ‑ Exception
21-03-26 Bonds ‑ Call for bids ‑ How advertised
21-03-27 Bids ‑ Where received ‑ Record
21-03-27.1 Sealed bids
21-03-28 Bids ‑ Accompanied by draft ‑ Sale to best bidder ‑ Rejection of all bids
21-03-29 Unlawful for official to accept compensation from bidder
21-03-30 Municipal bonds ‑ Private sale to United States or state agencies
21-03-31 Notice to state or state departments
21-03-32 Departments prohibited from purchasing bonds at higher prices within five years
21-03-33 Penalty for noncompliance
21-03-34 Registration of ownership of bonds ‑ How made
21-03-35 Effect of registration ‑ Discharge therefrom
21-03-36 Money borrowed or payable to be lawful money of United States
21-03-37 Appointment of fiscal agents
21-03-38 Bond proceeds ‑ Kept in separate fund ‑ Protection of purchaser
21-03-38.1 Disposal of bond proceeds
21-03-39 Ancillary contract authorized
21-03-40 Sinking funds ‑ Custodian
21-03-41 Sinking funds ‑ Duty of county treasurer
21-03-42 Sinking fund ‑ Sources and uses
21-03-43 Investment of sinking funds
21-03-44 Sinking fund ‑ Use for unauthorized purpose
21-03-45 Sinking fund ‑ Surplus placed in general fund
21-03-46 Municipalities in more than one county
21-03-47 Limitation of action
21-03-48 Penalty for diversion of sinking and interest funds
21-03-49 Penalty for diversion of borrowed money fund