§ 21-06-03 — Duplication or payment - By whom ordered - Proof and bond or signed written agreement required

North Dakota § 21-06-03

• Jurisdiction: North Dakota
• Title 21: Governmental Finance
• Ch. 21-06: Miscellaneous Provisions

Text

written agreement required.
The duplication or payment of any mutilated, defaced, lost, or destroyed obligation must be
made upon resolution duly adopted:
1. In case of a bond or interest coupon of the state, by the industrial commission.
2. In case of any other obligation of the state, by the board, officer, or agency which
authorized the issuance of the original.
3. In case of an obligation of a political subdivision, by the governing board thereof.
Before a duplicate may be issued or payment made in connection with a lost or destroyed
obligation, the owner thereof shall furnish proof of such loss or destruction whereupon the state
or political subdivision, as the case may be, may require either a surety bond in the amount of
the lost obligation, a signed written agreement by the owner, or similar assurance conditioned to
save the obligor harmless in the premises. If the Bank of North Dakota is the owner of any such
obligation, it may not be required to furnish a bond but it shall furnish proof of the loss or
destruction of the obligation and shall reimburse the state or political subdivision for any loss or
damage suffered by reason of the issuance of such duplicate or the payment of such obligation.