North Dakota § 54-30-04 Bonds - Series designation - Terms - Execution

North Dakota Statutes

§ 54-30-04 — Bonds - Series designation - Terms - Execution

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

Each issue of bonds must be designated by series figure or figures, or by series letter or
letters, or by a combination of both figures and letters, and such designation must be different
from that of every other issue. All mortgages securing the bond issues must be given a series
designation. Each of the bonds so issued must contain a recital that it is secured by real estate
first mortgages deposited with the state treasurer of North Dakota under this chapter which may
be cited as the Second Real Estate Bond Act of North Dakota. The bonds must be executed by
the governor and the state treasurer under the great seal of the state and must be attested by
the secretary of state. The state auditor and the secretary of state shall endorse and sign on
each bond issued a certificate showing that

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Each issue of bonds must be designated by series figure or figures, or by series letter or
letters, or by a combination of both figures and letters, and such designation must be different
from that of every other issue. All mortgages securing the bond issues must be given a series
designation. Each of the bonds so issued must contain a recital that it is secured by real estate
first mortgages deposited with the state treasurer of North Dakota under this chapter which may
be cited as the Second Real Estate Bond Act of North Dakota. The bonds must be executed by
the governor and the state treasurer under the great seal of the state and must be attested by
the secretary of state. The state auditor and the secretary of state shall endorse and sign on
each bond issued a certificate showing that it was issued pursuant to law and is within the debt
limit. The bonds so issued must be designated "bonds of North Dakota, real estate series".

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