24-08-07. Issuance of bonds to meet expenses of construction of bridge.
76 words·~1 min read·
/nd/title-24/chapter-24-08-bridges/24-08-07·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
When one-half, or such other proportion as may be provided, of the cost of a bridge to be constructed as provided in section 24-08-05 is provided by any municipality within this state, it may issue bonds for this purpose in accordance with chapter 21-03. In case the limit of indebtedness of such municipality would be exceeded thereby, then it is lawful for such municipality to provide funding from revenues derived from its general fund levy authority.