21-03-14. Bonds issued without an election.
68 words·~1 min read·
/nd/title-21/chapter-21-03-bonds/21-03-14A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Proceedings for the issuance of bonds under this chapter, if no election is required, must be instituted by a resolution of the governing body containing the facts required for an initial resolution as prescribed by section 21-03-09. At or after the adoption of the resolution, the governing body may proceed to sell, issue, and deliver the bonds as hereinafter provided for the sale, issuance, and delivery of bonds.