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North Dakota Century Code Title 40. Municipal Government § 40-53.1-08. Income from property of a dissolved municipality

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

Money received from the operation of property of a dissolved city shall be used in the following priority:

1. To pay employees engaged in the operation, maintenance, and protection of the property.

2. To pay the interest on the bonded indebtedness of the municipality.

3. To purchase or redeem bonded indebtedness of the municipality.

4. After all bonded indebtedness has been paid, to the general fund of the county.

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Cite this article: FindLaw.com - North Dakota Century Code Title 40. Municipal Government § 40-53.1-08. Income from property of a dissolved municipality - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-40-municipal-government/nd-cent-code-sect-40-53-1-08/

Read this complete North Dakota Century Code Title 40. Municipal Government § 40-53.1-08. Income from property of a dissolved municipality on Westlaw

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 or via Westlaw before relying on it for your legal needs.

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