Pending the preparation of the definitive bonds, interim certificates or receipts, in the form and with the provisions the governing body may determine, may be issued pursuant to this chapter. The bonds and interim receipts or certificates shall be negotiable within the meaning of and for all purposes specified in title 41.
N.D. Cent. Code § 40-57-11
Bonds and receipts or certificates issued pending preparation of bonds - Negotiability
Known as the Municipal Industrial Development Act
The act spans §§ 40–40 (24 sections).
Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.