North Dakota Code § 40-36-15

Municipalities may appoint fiscal agent - Make rules and regulations
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governing.
Any municipality, in connection with the issuance of refunding bonds, may appoint a fiscal 
agent, provide for the fiscal agent's powers, duties, functions, and compensation, limit the fiscal 
agent's liabilities, prescribe a method for the fiscal agent's resignation, removal, merger, or 
consolidation, and provide for the appointment of a successor and the transfer of rights and 
properties to such successor fiscal agent.

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