54-18 North Dakota Mill and Elevator Association
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<![CDATA[CHAPTER 54-18NORTH DAKOTA MILL AND ELEVATOR ASSOCIATION54-18-01. Definition. Whenever the word "association" is used in this chapter, it meansthe North Dakota mill and elevator association.54-18-02.North Dakota mill and elevator association.For the purpose ofencouraging and promoting agriculture, commerce, and industry, the state of North Dakota shall<br>engage in the business of manufacturing and marketing farm products. For that purpose it shall<br>establish a system of warehouses, elevators, flour mills, factories, plants, machinery, and<br>equipment, owned, controlled, and operated by it under the name of North Dakota mill and<br>elevator association. The business of the association, in addition to other matters specified in<br>this chapter, may include anything that any private individual, corporation, or limited liability<br>company lawfully may do in conducting a similar business except as restricted by the provisions<br>of this chapter. In the creation of the association, it is the intention of the legislative assembly<br>that all acts of the association are the acts of the state of North Dakota functioning in its<br>sovereign and governmental capacity. The association is not a separate agency of the sovereign<br>power, but is the state itself functioning.54-18-03. Industrial commission to operate association - Place of business - Rulesmade by commission. The industrial commission shall:1.Operate, manage, and control the association.2.Locate and maintain its places of business of which the principal place must be<br>within the state.3.Make and enforce orders, rules, regulations, and bylaws for the transaction of its<br>business.54-18-04. Powers and duties of industrial commission in operating association. Toaccomplish the purposes of this chapter, the industrial commission shall acquire by purchase,<br>lease, or, subject to chapter 32-15, by exercise of the right of eminent domain all necessary<br>property or property rights and may:1.Construct, remodel, or repair all necessary buildings.2.Purchase, lease, construct, or otherwise acquire warehouses, elevators, flour mills,<br>factories, offices, plants, machinery, equipment, and all other things necessary,<br>incidental, or convenient in the manufacturing and marketing of all kinds of raw and<br>finished farm products within or without the state.3.Dispose of all kinds of raw and finished farm products.4.Buy, manufacture, store, mortgage, pledge, sell, exchange, or otherwise acquire or<br>dispose of all kinds of manufactured and raw farm and food products and<br>byproducts.5.For the purpose of acquiring or disposing of all kinds of manufactured farm and food<br>products and byproducts, establish and operate exchanges, bureaus, markets, and<br>agencies, within or without the state, including foreign countries, on such terms and<br>conditions and under such rules and regulations as the commission may determine.54-18-04.1.Marketing functions exempt from Securities Act.The association isexempt from the provisions of chapter 10-04 when in the performance of its authorized marketing<br>functions.The exemption provided under this section also applies to any agency orinstrumentality of the association and to any agent or employee of the association or any agency<br>or instrumentality thereof.Page No. 154-18-04.2. Confidentiality exemption. Repealed by S.L. 1999, ch. 460, </p>
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