North Dakota Century Code Title 61. Waters § 61-08-41. Issuance of revenue bonds

The acquisition, construction, reconstruction, improvement, betterment, or extension of any revenue-producing facility, and the issuance of revenue bonds in anticipation of the collection of the revenues of the facility, may be authorized by resolution adopted by the affirmative vote of a majority of the board of directors.  The amount of the bonds authorized may not exceed the amount authorized by the electors of the district as provided in this chapter.