North Dakota § 40-38.1-07 Donations - How accepted - Council as trustee

North Dakota Statutes

§ 40-38.1-07 — Donations - How accepted - Council as trustee

North Dakota § 40-38.1-07

Title 40Municipal Government

Ch. 40-38.1Municipal Arts Council

This text of North Dakota § 40-38.1-07 (Donations - How accepted - Council as trustee) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 40-38.1-07 (2026).

Text

All persons desirous of making donations of money, personal property, or real estate for the
municipal arts fund may vest the same in the municipal arts council. The council shall hold and
control all property accepted as a special trustee. The city auditor shall be ex officio treasurer of
the council as such special trustee, and shall, under the direction of the council, keep, invest,
and disburse all funds and securities so vested in said board. The treasurer shall be deemed a
public employee and as such bonded through the state bonding fund in the amount fixed by the
council and at the expense of the council, as are other public employees under chapter 26.1-21.

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All persons desirous of making donations of money, personal property, or real estate for the
municipal arts fund may vest the same in the municipal arts council. The council shall hold and
control all property accepted as a special trustee. The city auditor shall be ex officio treasurer of
the council as such special trustee, and shall, under the direction of the council, keep, invest,
and disburse all funds and securities so vested in said board. The treasurer shall be deemed a
public employee and as such bonded through the state bonding fund in the amount fixed by the
council and at the expense of the council, as are other public employees under chapter 26.1-21.