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This entry was published on 2014-09-22
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Collection, forfeiture and cancellation of purchase-money bonds
Public Lands (PBL) CHAPTER 46, ARTICLE 3
§ 37. Collection, forfeiture and cancellation of purchase-money bonds.
The commissioner of general services may direct the comptroller to sue
upon any bond heretofore received by the office of general services or
its predecessors including the state engineer, the commissioner of
transportation or the secretary of state on the sale of unappropriated
state lands, if any payment stipulated in such bond shall remain due one
year, or the commissioner may direct the sale of the land for the
payment of which such bond was given, and in case of such sale, all
previous payments made on account of such land shall be forfeited to the
people of the state, and the bonds may be delivered up and cancelled on
the surrender of the certificates of sale.