Statutes, codes, and regulations
North Dakota Century Code
Title 61 - WATERS
Chapter 61-08 - FISCAL AFFAIRS OF IRRIGATION DISTRICTS
Section 61-08-22 - Bonds may be secured by trust indenture - Powers vested in trustee

N.D. Cent. Code § 61-08-22

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Current through 2024 Legislative Session
Section 61-08-22 - Bonds may be secured by trust indenture - Powers vested in trustee

In the discretion of the board, bonds may be secured by a trust indenture by and between the district and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or outside this state. The board may vest in the trustee the right to enforce any covenant made to secure or to pay the bonds.

N.D.C.C. § 61-08-22