Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1841-02-27
AN ACT supplemental TO AN act su'Jec'ing real
and personal property to erecatioR," approred
Febru0ru /. 1881.

AN ACT supplemental TO ian act suIjecting real
and personal property TO ereculoR, dpprored
February 1. 1881
APPROVED FEBRUARY l3, 1Sil)
SEC. l. Be /. enacted BY tte Geaerai Assembly
of the State of Indiana, That whenever any land
or other real estate shall have beca or may be
sold on execution under any Judgment OF decree
shall be lawful for the OF such real estate,
his heirs. executors, or administrators IL redeem
the same any time within twelve months from
the day OF sale, by paying into the clerks office
from which such execution may have issued, the
full amount of the purchase money for which such
real estate sold on said execution with inter
est thereon al the rate of twelve and one halt
per cent. per year.
SIC / That whenever such sale may be rade
/ aforesaid, all junior membranes on the land
so sold. by Judgment mortgage, or other deed OF
conveyance bona fife made before the day of
sale, shall have the right TO redeem any real es-
tate, sold as aforesaid. IN the same manner the
execution defendant might have redeemed, al any
time within thirty days after the expiration of said
twelve months.
SEC 3. That whenever any Judgment debtor
IS no: able neglect 10 take the stay, provided
in the laws IN force, his, her, or their prop
erIy shall be sold on the same credit for which he
might have taken the stay, and IN such case the
officer making the sale shall take bond with secu-
rl,y from the purchaser, which shall have the et-
fec. of Judgment, and execution may issue up
on the in other cases, and no stay of eX-
ecution shall be allowed thereon; said bonds tn
ken aforesaid shall! be fled by the officer taking
the same with the clerk Justice issuing the eX-
ecutIon at the same time of returning the execu-
ton Provided, that the provisions of this act shall
not extend to any Bank Savings institution
SEc l. That all real estate shall be sold or Of
fered tor sale at the door of the court house,
the place where courts holden 10 the county
where the same be situate; and prorided, that
no property, either reai or personal shall be sold
unless there shall be three more bidders pres
such sale. and have opportunity of bid
ding for the same.
SEC. ). Tina, IN all where lands shall have
been redeemed under the prov isions Of this act,
entry thereof shall be made BY the clerk the
order book of the cifcnit court and IN the Recor
der's office where the sherf's deed may have
been recorded, for which service he shall receive
the sum OF fifty cents from the person redeem
ing.
/ SEC. &. That hereafter no real property shalt
be sold on execution for less than one hall its
cash value Mt the time of such sale.
/ SEC. 7. That the sheriff other officer IN
whose hands such execution may be, shall 10 as
certain the cash value Of such real property, Sc
ect three interested freehoiders of The county in
which the may be, who shall forthwith pro-
coed TO make cash value thereof IN writing
to which said appraisers shall be sworn by some
person authorized to administer oaths IN words,
rs follows We the undersigned do so!emnly
swear or affirm (as the may be) that the re-
al property mentioned above is, to the best Of our
judgments, worth (there insert appraised value)
IN cash at this time, and that the same is true
cash valuation thereof.
Sworn - hnfs~a Sionnd