§ 21-04-06 — Designating public depositories where there is only one financial institution or no financial institution

North Dakota § 21-04-06

• Jurisdiction: North Dakota
• Title 21: Governmental Finance
• Ch. 21-04: Depositories of Public Funds

Text

or no financial institution.
In a county where only one financial institution is located or functioning, the board may
designate such financial institution as a depository, or it may designate another financial
institution or financial institutions, within the state, or the Bank of North Dakota, as depository in
the manner and upon the conditions provided in this chapter. In a county where no financial
institution is in existence or functioning, the board may designate the Bank of North Dakota, or
any financial institution, outside of such county and within the state, as depository in the manner
and upon the conditions provided in this chapter for the selection of depositories of public funds.
In case there is no financial institution within any city, township, or school district, the governing
board thereof, if it deems it more advantageous and for the best public interest and
convenience, may select as a depository a conveniently located financial institution in an
adjoining county, which thereupon shall qualify as a depository by giving such bond as is
required from a financial institution within said county. Said bond must be approved by such
governing board as to sufficiency and by the state's attorney of the county in which such city,
township, or school district is located as to form and must be deposited in the office of the
county auditor of such county.