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Current as of January 01, 2024 | Updated by Findlaw Staff
The disorganization of a county shall not affect its liability upon contracts or otherwise and shall not affect the organization of school districts, townships, and municipalities within the territory contained in the disorganized county. The board of county commissioners of the adjoining county to which the disorganized county is attached for judicial, record, and taxation purposes may compromise debts and obligations of the disorganized county existing at the time of the disorganization and may issue bonds or certificates of indebtedness in settlement or compromise of, or to refund, such debts and obligations. Bonds or certificates issued under the provisions of this section shall bear upon their face a statement that the principal and interest to become due thereon shall be paid only from taxes levied upon the property within the disorganized county.
Cite this article: FindLaw.com - North Dakota Century Code Title 11. Counties § 11-30-21. Liability of disorganized county on existing obligations--Municipal organizations--Issuance of bonds--Compromises - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-11-counties/nd-cent-code-sect-11-30-21/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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