North Dakota Century Code Title 40. Municipal Government § 40-61-10. Debt guarantee

1. A contract of personal guarantee entered into between the authority, the bondholders, and at least three benefited property owners.

2. The guarantee of said payments by the municipality through the issuance of municipal bonds or other obligations, budgeting of current funds from revenues derived from its general fund levy authority, the levy of special assessments or by any combination of these pursuant to and in accordance with the provisions of chapters 21-03, 40-22 to 40-27, 40-35, 40-40, and 40-57 and of all other applicable laws now in force or hereinafter enacted.