Section 56.00. Agency selling and issuing obligations

a. The finance board
  shall be vested with the powers and duties prescribed in sections 21.00,
  57.00, 58.00, 59.00, 60.00, 62.00 and 63.00 of  this  chapter,  and  any
  other powers or duties pertaining or incidental to the sale and issuance
  of  obligations.  However, the finance board of any municipality, school
  district or district corporation may, by  resolution,  delegate  all  or
  part  of  such  powers and duties to the chief fiscal officer or, in the
  case of school districts, to the clerk of the  school  board,  in  which
  event  such  chief  fiscal  officer or clerk of the school board, as the
  case may be, shall exercise such powers and perform  such  duties  until
  the finance board shall, by resolution, elect to reassume the same.
    b. In such instances in which the chief fiscal officer or clerk of the
  school  board,  as  the  case may be, exercises such powers and performs
  such duties, the same shall be exercised or performed  subject  to  such
  terms  and  conditions,  not  inconsistent  with  the provisions of this
  chapter, as the finance board may prescribe.
    c. In the case of river improvement or drainage districts  established
  by  or  under  the  supervision  of  the  conservation  department,  the
  provisions of this  chapter  shall  be  followed,  but  the  obligations
  authorized  and prescribed by the finance board shall be sold and issued
  by the state comptroller.