North Dakota Code 15-08-10 – Surrender of contract and issuance of new contract and deed for railroad right of way
The board of university and school lands may cause a new contract to be issued to the holder of any contract for the purchase of land subject to its control and a conveyance to be made to a railroad company for railroad right of way when the holder of the contract shall:
Terms Used In North Dakota Code 15-08-10
- Contract: A legal written agreement that becomes binding when signed.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
1. Surrender the original contract to the board; 2. Present satisfactory evidence that a railroad has been located and established across the land included in the contract after the issuance thereof; 3. File a plat of the land showing the exact location, width, and area in acres [hectares] of the land required for the right of way; 4. Pay to the commissioner the balance of the purchase price under the contract and all interest and taxes thereon to date for the acreage [hectarage] required for the right of way; and
5. Make application in writing for the cancellation of the contract and the issuance to the applicant of a new contract for the land, less the acreage [hectarage] required for the right of way.
The commissioner of university and school lands shall collect a fee of five dollars for each new contract and for each conveyance made under the provisions of this section.