Resolution or indenture may contain provisions protecting bondholders - Expenses incurred in carrying out indenture
N.D. Cent. Code § 61-02-61
in effect61-02-61. Resolution or indenture may contain provisions protecting bondholders -
Expenses incurred in carrying out indenture.
Either the resolution providing for the issuance of bonds or the trust indenture may contain
such provisions for protecting and enforcing the rights and remedies of the bondholders as may
be reasonable and proper. No enumeration of particular powers granted may be construed to
impair any general grant of power contained in this chapter. All expenses incurred in carrying
out the provisions of the resolution or trust indenture may be treated as a part of the cost of
maintenance, operation, and repair of the works affected by the resolution or trust indenture.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t61c02.pdf#nameddest=61-02-61Fetched: 10/16/2026