Page:1889 Territory of Dakota Session Laws.djvu/56

This page needs to be proofread.

GENERAL LAWS.

ABSTRACTERS.

CHAPTER 1.

TO GIVE BOND.

AN ACT Entitled an Act te Provide Security to the Public Against Errors, Omissions and Defects іп Abstracts of Title to Real Estate.

Be it Enacted by the Legislative Assembly of the Territory of Dakota:

§ 1. Abstracters to give bond.] It shall be unlawful for any person, firm er corporation to engage in the business ef making or compiling abstracts of title to real estate in the Territory of Dakota, or to demand and receive pay for the same without first filing in the office of the County Clerk or Auditor of the county in which such business is conducted a bond to the county in which said business of abstracting is conducted, in the penal sum of ten thousand ($10,000) dollars, with not less than three sureties, residents of the county, to be approved by the board of county commissioners of such county conditioned for the payment by such abstracters of any and all damages that may accrue to any party or parties by reason of any error, deficiency er mistake in any abstract or certificate of title made and issued by said person, firm er corporation; Provided, That in counties of less than ten thousand (10,000) inhabitants, the bond herein required shall be five thousand ($5,000) dollars.

§ 2. Certificate of filing.] When any abstracter shall have duly filed his bond and the same shall have been approved, as above provided, he shall be entitled to receive a certificate from such county clerk (or Auditor) that said bond has been by the board of county commissioners of such county duly approved, and that the same has

1889-— 1