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        <title>North Dakota Constitution - date:1992-07-09:artx:sec13</title>
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        <title>North Dakota Constitution</title>
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        <description>Section 13.

The state may issue or guarantee the payment of bonds, provided that all
bonds in excess of two million dollars shall be secured by first
mortgage upon real estate in amounts not to exceed sixty-five percent of
its value; or upon real and personal property of state-owned utilities,
enterprises, or industries, in amounts not exceeding its value, and
provided further, that the state shall not issue or guarantee bonds upon
property of state-owned utilities, enterprises, or industries i…</description>
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