Upon the delivery of bonds purchased and paid for under the provisions of this chapter, the faith and credit of the state of North Dakota is pledged for the payment thereof, both principal and interest, to the lawful holder and owner thereof, upon presentment for payment.
N.D. Cent. Code § 54-30-10
Credit of state of North Dakota pledged for payment of bonds
Known as the Second Real Estate Bond Act
The act spans §§ 54–54 (36 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.