All bonds and certificates of indebtedness issued under this chapter are exempt from state, county, and municipal taxes of all kinds.
N.D. Cent. Code § 54-30-25
Bonds and certificates of indebtedness exempt from taxation
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.