North Dakota § 54-30-01 Authority for issuing bonds of North Dakota, real estate series - Purpose of issue

North Dakota Statutes

§ 54-30-01 — Authority for issuing bonds of North Dakota, real estate series - Purpose of issue

North Dakota·Title 54 State Government·Ch. 54-30 Bonds of North Dakota, Real Estate Series

issue.
An issue of bonds of the state of North Dakota, to be known as "bonds of North Dakota, real
estate series", is authorized and directed under the conditions and in the manner and for the
purposes set forth in this chapter. Such issue of bonds is authorized for the purpose of making
delivery thereof to the industrial commission of North Dakota, as provided in this chapter, to the
end that the commission, by negotiation and sale of the bonds, may procure necessary funds
for the Bank of North Dakota, thus replacing in the Bank the funds employed by it from time to
time in making loans upon first mortgages of real estate.

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issue.
An issue of bonds of the state of North Dakota, to be known as "bonds of North Dakota, real
estate series", is authorized and directed under the conditions and in the manner and for the
purposes set forth in this chapter. Such issue of bonds is authorized for the purpose of making
delivery thereof to the industrial commission of North Dakota, as provided in this chapter, to the
end that the commission, by negotiation and sale of the bonds, may procure necessary funds
for the Bank of North Dakota, thus replacing in the Bank the funds employed by it from time to
time in making loans upon first mortgages of real estate.

North Dakota § 54-30-01 (Authority for issuing bonds of North Dakota, real estate series - Purpose of issue) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.