Statutes, codes, and regulations
North Dakota Century Code
Title 40 - MUNICIPAL GOVERNMENT
Chapter 40-36 - REVENUE BOND REFINANCING LAW
Section 40-36-11 - No priority in refunding bonds of same issue

N.D. Cent. Code § 40-36-11

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Current through 2023 Legislative Sessions
Section 40-36-11 - No priority in refunding bonds of same issue

All refunding bonds of the same issue shall be secured equally and ratably, without priority by reason of number, date of bonds, date of sale, date of execution, or date of delivery, by a lien upon the revenues of the enterprise in accordance with the provisions of this chapter and the resolution authorizing the issuance of such refunding bonds.

N.D.C.C. § 40-36-11