N.D. Cent. Code ch. 54-30 – Bonds of North Dakota, Real Estate Series | Midpage

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North Dakota Century Code

Chapter 54-30

N.D. Cent. Code ch. 54-30

Bonds of North Dakota, Real Estate Series

54-30-01Authority for issuing bonds of North Dakota, real estate series - Purpose of issue 54-30-02Assignment of first mortgages by Bank of North Dakota to state as security for bonds 54-30-03State treasurer to inspect assignment and prepare bonds - Governor and treasurer to issue bonds 54-30-04Bonds - Series designation - Terms - Execution 54-30-05Denominations - Maturity - Interest rate 54-30-06Interest rate of bonds 54-30-07Bonds - Where payable - Presentment for payment 54-30-08Bonds delivered to industrial commission 54-30-09Sale and delivery of bonds by industrial commission 54-30-10Credit of state of North Dakota pledged for payment of bonds 54-30-11Payment of assigned mortgage 54-30-12Bank of North Dakota to furnish state treasurer with record of payments and balance due on all mortgages 54-30-13Bank of North Dakota to turn over to treasurer all payments made to it - Payments may be made to treasurer - Report to bank 54-30-14Money paid on assigned mortgage held in separate fund by Bank of North Dakota 54-30-15Investment of bond sinking fund 54-30-16Payment of interest or principal on bonds at maturity - Where made - Report - Made from real estate bond payment fund - Appropriation 54-30-17Bank of North Dakota to collect obligations secured by mortgage 54-30-17.1Land acquired by state treasurer - Sale or lease by the Bank of North Dakota or board of university and school lands - Deposit of net proceeds in bond sinking fund 54-30-18Foreclosure of mortgage by Bank of North Dakota - Sale by bank 54-30-19Foreclosure - Power of attorney not required - Costs - Property bid in for state when bid is not sufficient 54-30-20Transfer of land covered by mortgage to state by mortgagor 54-30-21Bonds bought with proceeds of foreclosure sale 54-30-22When sheriff's deed issued to state on foreclosure sale - Taxes suspended 54-30-23Land acquired by state through foreclosure sold by state - Proceeds of sale - Where deposited - Sale approved 54-30-24Cash balance in hands of state treasurer - Information - Mortgages substituted for those paid 54-30-24.1Bonds as legal investments and security 54-30-25Bonds and certificates of indebtedness exempt from taxation 54-30-26Industrial commission to make annual statement of condition of funds - Tax for deficiency in funds or indicated deficiency 54-30-27Certificate of indebtedness issued to meet interest due on bonds 54-30-28Amount of bonds which may be issued 54-30-29Real estate bond funds 54-30-30Transfer of real estate bond trust 54-30-30.1Transfer to board of university and school lands 54-30-31Consideration 54-30-32Management of the trust 54-30-33Remittances to the state general fund