North Dakota Statutes
§ 21-03-37 — Appointment of fiscal agents
The governing body of any municipality indebted on account of outstanding municipal bonds
is authorized in its discretion to appoint a fiscal agent located in some city within or without the
state, or if deemed convenient, one such agent, in each of two cities. Every such fiscal agent
must be an incorporated bank or trust company authorized by the laws of the United States or of
the state in which it is located to do a banking or trust company business. The custodian of the
sinking funds of the municipality, when necessary, shall deposit with such fiscal agent such
sums of money as are required for the payment of the principal or interest of municipal bonds.
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Nearby Sections
15
§ 21-01-01
Definitions§ 21-01-02
Warrant - Order of payment§ 21-01-03
Maximum amount of warrants or indebtedness - Violation of provisions - Liability - Penalty§ 21-01-04
Warrants for current expenses§ 21-01-05
Warrants for salaries and official publications - Payable one-half in cash prior to other warrants§ 21-01-07
Warrant register - By whom kept - Form§ 21-01-10
Cashbook and register open to inspection§ 21-02-01
Definitions§ 21-02-03
Certificate of county auditor§ 21-02-04
Signing false certificates - Penalty