authority - Notice of hearing. The organization certificate must be acknowledged before a notary public, and, the acknowledged certificate must be authenticated by the seal of the notary. The authenticated certificate must be transmitted to the state banking board with a request for permission to present the same to the secretary of state, with application for the issuance of a certificate of authority. Upon receiving such organization certificate, the board shall cause notice of the application to be published in the official newspaper of the county within which such association is proposed to be established. The notice must contain a statement of a time when and place where the board will hear the application and must specify that any person objecting the application may appear and show cause why such application should not be approved. Upon the consolidation of banks, acquisition pursuant to chapter 6-07.2, or the conversion of a national bank to a state bank, notice of such hearing need not be given.
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