The board of university and school lands may require the lessee to execute a good and sufficient bond conditioned for the payment of all moneys, rentals, and royalties stipulated by the terms of the lease and for the full compliance with and observance of all rules and regulations established by the board and of all other terms set forth in the lease.
N.D. Cent. Code § 15-05-14
Bonds for rents and royalties
Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.