§ 25-01-12 — Drawing of funds - Sale of lands - Release of mortgages - Appropriations limit power to contract

limit power to contract.
Moneys appropriated or given to any institution mentioned in this chapter shall be expended
only upon order of the supervising officer. The supervising officer, however, does not have the
power to bind the state for any purpose in connection with any such institution beyond the
amount of the appropriation which may have been made to such institution for such purpose,
nor to sell or convey any part of the real estate belonging to any such institution without the
consent of the legislative assembly, except that it may release any mortgage or convey any real
estate which may have been received by it through any gift, bequest, or devise or upon any
trust, the terms of which authorize such satisfaction or conveyance.