§ 54-30-32 — Management of the trust

During the intervals between remittances to the state treasurer for the state general fund,
funds available therefor may be invested as other moneys of the Bank of North Dakota are
invested. The president of the Bank of North Dakota shall collect upon and enforce to the fullest
extent all rights, things, and properties belonging or accruing to the trust in the president's
custody. The president may foreclose mortgages by advertisement under power of sale in the
manner that mortgages of the state school funds are foreclosed, and all remedies and

procedures available to the state or any department thereof are available to the president to
protect, manage, and conduct the trust. No special power of attorney nor affidavit as to
attorney's fees is required.