North Dakota Code § 40-36-02

Definitions
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In this chapter, unless the context or subject matter otherwise requires:
1. "Enterprise" means any work, undertaking, or project which the municipality is 
authorized to construct and from which the municipality has derived or may derive 
revenues and for the refinancing of which refunding bonds are issued under this 
chapter. "Enterprise" includes all improvements, betterments, extensions, and 
replacements of such work, undertaking, or project, and all appurtenances, facilities, 
lands, rights in land, water rights, franchises, and structures in connection therewith or 
incidental thereto.
2. "Federal agency" includes the United States, the president of the United States, or any 
agency, instrumentality, or corporation of the United States which has been or may be 
designated or created by or pursuant to any act or acts or joint resolutions of the 
Congress of the United States or which may be owned or controlled, directly or 
indirectly, by the United States.
3. "Holder of bonds" or "bondholder" or any similar term means any person who shall be 
the bearer of any outstanding refunding bond or refunding bonds registered to bearer 
or not registered, or the registered owner of any such outstanding bond or bonds 
which at the time shall be registered other than to bearer.
4. "Law" means any general statute of this state.
5. "Refinancing" means funding, refunding, paying, or discharging, by means of refunding 
bonds or the proceeds from the sale thereof, all or any part of any notes, bonds, or 
other obligations issued to finance or to aid in financing the acquisition, construction, 
or improvement of an enterprise and payable solely from all or any part of the revenue 
thereof and including interest thereon in arrears or about to become due whether or 
not such interest is represented by coupons or interest certificates.
6. "Refunding bonds" means notes, bonds, certificates, or other obligations of a 
municipality issued pursuant to this chapter, or pursuant to any other law as 
supplemented by, or in conjunction with, this chapter.
7. "Revenues" means all fees, tolls, rates, rentals, and charges levied and collected in 
connection with, and all other income and receipts of whatever kind or character 
derived by the municipality from, the operation of any enterprise or arising from any 
enterprise.
8. Words importing the singular number shall include the plural number and vice versa in 
each case, and words importing persons shall include firms, corporations, and limited 
liability companies.

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