N.D. Cent. Code § 61-02-51
61-02-51. How bonds may be secured
61-02-51. How bonds may be secured
The bonds provided for in this chapter may be secured by works or lands, and the income
derived therefrom, and other funds as the commission may pledge, and the funds received from
the sale or disposal of water and from the operation, lease, sale, or other disposition of the
works, lands, property, and facilities to be acquired out of the proceeds of the bonds and as
provided in this chapter.