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

North Dakota Statutes

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

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

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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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.

North Dakota § 54-30-03 (State treasurer to inspect assignment and prepare bonds - Governor and treasurer to issue bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.