North Dakota § 40-36-09 - Refunding bonds secured by a lien upon revenues of enterprise - Pledging
Full text of North Dakota North Dakota Century Code § 40-36-09 — Refunding bonds secured by a lien upon revenues of enterprise - Pledging, with citation guidance and answers to common questions.
§ 40-36-09. Refunding bonds secured by a lien upon revenues of enterprise - Pledging
fixed amount as security. Refunding bonds shall be special obligations of the issuing municipality and shall be payable from, and secured by a lien upon, the revenues of the enterprise as shall be described more fully in the resolution of the governing body authorizing the issuance of the refunding bonds. Having due regard to the cost of operation and maintenance of the enterprise and the amount or proportion, if any, of the revenues of the enterprise previously pledged, a municipality, by a resolution of its governing body, may pledge for the security of the refunding bonds a fixed amount without regard to any fixed proportion of the gross revenues of the enterprise.
Source: official North Dakota text · Last verified 2026-08-27
Frequently Asked Questions About North Dakota § 40-36-09
What does North Dakota Century Code § 40-36-09 cover?
Section 40-36-09 ("Refunding bonds secured by a lien upon revenues of enterprise - Pledging") is part of the North Dakota Century Code, the codified statutory law of North Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Dakota § 40-36-09?
A common citation format is "North Dakota Century Code § 40-36-09" (North Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Dakota official source linked on this page or consult a licensed North Dakota attorney.
How does North Dakota § 40-36-09 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Dakota.