128 chapters · 1,256 sections in this title.
N.D.C.C. § 54-30-14 Money paid on assigned mortgage held in separate fund by Bank of North Dakota
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The Bank shall deposit the moneys paid on a mortgage assigned under this chapter into a separate fund designated as the real estate bond sinking fund. In this fund must be placed all sums collected for the purpose of retiring the principal of the bonds at their maturity and payin…
N.D.C.C. § 54-30-15 Investment of bond sinking fund
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The state treasurer, with the approval of the industrial commission, shall invest the fund designated as the real estate bond sinking fund in any securities designated as legal investments by section 15-03-04. At the request of the commission, the state treasurer shall redeem and…
N.D.C.C. § 54-30-16 Payment of interest or principal on bonds at maturity - Where made - Report - Made from real estate bond payment fund - Appropriation
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The state treasurer shall pay interest on bonds issued under this chapter when due, or upon presentation of the coupon for interest when due, and shall redeem the bonds upon their maturity by paying the principal thereof. All payments must be made from the fund, without a warrant…
N.D.C.C. § 54-30-17 Bank of North Dakota to collect obligations secured by mortgage
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If the obligation secured by any mortgage held by the state treasurer under the provisions of this chapter is not performed by the mortgagor according to its terms, or if any condition expressed in any such mortgage is not performed and kept according to its terms, the state trea…