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North Dakota Century Code Title 40. Municipal Government § 40-34-06. Sinking fund for payment of interest and principal

Current as of January 01, 2024 | Updated by Findlaw Staff

If a service rate is charged to the users of an improvement made under this chapter, a sufficient portion of the moneys collected for such service shall be set aside as a sinking fund for the payment of the interest on the bonds and the principal thereof at maturity, and shall constitute a special fund which shall be used for no other purpose.

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Cite this article: FindLaw.com - North Dakota Century Code Title 40. Municipal Government § 40-34-06. Sinking fund for payment of interest and principal - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-40-municipal-government/nd-cent-code-sect-40-34-06/

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