North Dakota Code 40-53.1-08 – Income from property of a dissolved municipality
Current as of: 2023 | Check for updates
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Money received from the operation of property of a dissolved city shall be used in the following priority:
Terms Used In North Dakota Code 40-53.1-08
- following: when used by way of reference to a chapter or other part of a statute means the next preceding or next following chapter or other part. See North Dakota Code 1-01-49
- Property: includes property, real and personal. See North Dakota Code 1-01-49
1. To pay employees engaged in the operation, maintenance, and protection of the property.
2. To pay the interest on the bonded indebtedness of the municipality.
3. To purchase or redeem bonded indebtedness of the municipality.
4. After all bonded indebtedness has been paid, to the general fund of the county.