North Dakota § 40-61-01 - Definitions

§ 40-61-01. Definitions

In this chapter, unless the context or subject matter otherwise requires: 1. "Authority" means any corporation created under the authority of this chapter. 2. "Board" means the members of the authority. 3. "Bonds" means the bonds authorized in this chapter. 4. "City" means any city with a municipal parking authority. 5. "Project" means any area or place operated or to be operated by an authority for the parking or storing of motor and other vehicles and includes all real and personal property, driveways, roads, approaches, structures, terminals of all kinds, garages, meters, mechanical equipment, and all appurtenances and facilities either on, above, or under the ground which are used and usable in connection with such parking or storing of such vehicles in the area of the city. 6. "Projects" means more than one project. 7. "Property owner" means either a real estate owner, the beneficial owner of a leasehold on a building constructed on railroad property, or the owner of a retail or wholesale personal property inventory subject to an annual tax in excess of one thousand dollars. 8. "Real property" means lands, structures, franchises, and interest in lands, and any and all things usually included within the said term, and includes not only fees simple absolute but also any and all lesser interests, such as easements, rights of way, uses, leases, licenses, and all other incorporeal hereditaments and every estate, interest, or right, legal or equitable, including terms of years.