North Dakota Code § 40-33-20

Indebtedness not general obligation of municipality - Conditional sales
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authorized.
No indebtedness on the general credit of the municipality shall be deemed to be incurred by 
reason of any covenant or agreement contained in said contract or in the resolutions of the city 
with reference thereto. No revenues received from taxes or any other source, other than the 
revenues derived from said plant as hereinabove provided, shall be pledged for the payment of 
any contract executed or revenue bonds or certificates issued under the provisions of sections 
40-33-17 through 40 -33-21. Such contract, bonds, or certificates shall not constitute a lien or 
charge on any property of the city, except that if the contract price is not paid by the issuance of 
revenue bonds, title to the plant or any specified portion thereof may be retained by the 
contractor as security for the purchase price, with right of repossession in the manner provided 
for property sold under a conditional sales contract, until full payment of the purchase price.

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