North Dakota Statutes

§ 54-30-03 — State treasurer to inspect assignment and prepare bonds - Governor and treasurer to issue bonds

North Dakota § 54-30-03
JurisdictionNorth Dakota
Title 54State Government
Ch. 54-30Bonds of North Dakota, Real Estate Series

This text of North Dakota § 54-30-03 (State treasurer to inspect assignment and prepare bonds - Governor and treasurer to issue bonds) 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 § 54-30-03 (2026).

Text

treasurer to issue bonds. Upon receiving the assignments provided for in section 54-30-02, the state treasurer shall notify the governor, the state auditor, and the secretary of state, each of whom immediately shall inspect them or cause them to be inspected. Thereupon, the state treasurer immediately shall prepare for issue, and the governor and the state treasurer thereafter shall issue, negotiable bonds of North Dakota in an amount not exceeding the principal amount remaining unpaid of the outstanding loans secured by the mortgages so delivered to the state treasurer plus costs of issuance and any reasonably required reserve funds.

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Bluebook (online)
North Dakota § 54-30-03, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/54-30-03.