Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1845-01-23
BY AUTHORITY.
AN ACT to amend the sererdl acts for the loaning
and collecting Of the Sinking Fund, and for other


and collecting Of the Sinking Fund, and for other
SECTION l. Be it enacted by the General Assembly of the
State Of Indiana That all sales heretofore made by the State
Through her commissioners Of the Sinking Fund
esdent thereof, of lands benefit of
the State fOt failure OF morgago said fund pay prn-
cpsl or interest their Oahs, be and The hereby
declared valid and binding the such
cases. and in cases Of future sales Of lands and
for the State, and in all Of sales heretofore made
hereafter to be made foreclosure mortgages said
fund.- certificate of purchase signed by
BoaId or by member thereof by order OF the Board
shall be deemed sufficient evidence or such PURCHASE; and
where full payment OF the PURCHASE money shall hate been
may be made it shall be lawful for the President of tie
BoaId TO execute and deliver the purchaser purchasers
patent deed for such lands lots
him. her, them and in his her. and their heirs and assigns
forever all the right title and interest which the mort
gagor had in the lands lots and bid in and sold
al the date Of the mortgage, feed and discharged fom all
taxes and assessments made levied for apf purpose
ever between the date Of said mortgage and the date or
deed patent bot such deed patent shall
imply warranty Of title
SEC 2 The morgagor Of any lands lots aforesaid
bid in by the State for nonpay Of principal
on loans his, her, their heirs assigns may rehsa
the mortgage within months from passage Of
ACT; by paying the amount Of interest," damages and costs
due thereon and the interest for year advance
In all cases where andsor lots shall be hereafter bid
the State the mortgage be lenstated within sixty
from the day Of sale on the SAME terms.
SEC After the lapse OF six months any person having
bona de title claiming under such bona de
junior moIigsgor junior incumbancer shall have the priv
portion OF the premises covered by any oeclOsed
ard bid Ia by the State aforesaid according priority OF
mortgage other equtt and III case Of several applications
to purchase, or In OF conflict between applicants
gard to such privilege, the President ard Commissioners Of
The Sinking Fund shall have rowe determine the
whose decision IN the premises shall be final. ~
SEt 4. After the expiration Of said months, any and
all lands and lois bid in by the State aforesaid and which
have been offered at public sae shall be subject 10 phi
vatc sale at the Sinking Fund office at indianapolis
credit Of FIVE years, the interest to be paid annually adj
vance, and the land to forfeit and revert to the State for any
default OF payment according the terms Of the purchase
Of any mortgage, bond shall be taken from Tie purchaser FOL
the ment Of the purchase money and interest," and thai
he will suffer waste Of the premises and
when deemed proper, other security may required
SEC The said Commissioners Of the Sinking Fund shall
have pwer either by one Of their number by
authorised agent enter upon and lease lands
bid in for the State for any term Of time not exceeding
year. and from year year until such lands lots
be sold; and they shall have general agent
supentend aid manage any and all Of such lands and
for the benefit Of the State and to constitute agents unde
them for those purposes.
SEC Z. principal any instalment
est due any Sinking Fund Bank Stock mortgage shall
be unpaid for six months after the falls due and the
Commissioners Of the Sinking Fund President Of
Board thereof shall deem for The interest Of the State
have the occupant removed from the land LOT morgaE
ed and shall certify the Auditor OF Public Accounts
the said Auditor shall notice to be given to the
pant 10 tecfrom; and 10 Of his refusal
gect comply with such notice. the Auditor shall issue hi
warrant 20 the Sheriff Of the county which such land
lot may be, directing him such wiih
ten days from The receipt Of such warrant which duty
sheriff shall perform and in executing said warrant tn
said sheriff shall have the that given hin
in the execution OF writ Of hdbers factds possessfoHc
SEC s. Wherever any lands lots have been may
bid by the State, for failure above menton
and the moitgsgor occupant Deglees refuses
hereom being notified TO do BY The Commissioners
the Sinking Fund the President of The Board thereof tn
Auditor Of Public Accounts receiving notice heeo
from said Commissioners President, shall issue his
in .he last preceding section proydeddireeted
Aforesaid, which shall be executed as thereby required
SEC 0. The purchaser purchasers of land lot
as above cold by the State and having Certificate OF
purchase and his her their hes assigns shall hsv
the remedy for removing the occtpani from any
land or lot In the preceding sections povded provide
however, that complaint shall hrst be made in writing
said Auditor setting forth that The person complaining is N
purchaser the heir assignee of the purchaser abot
mentioned and that the occupants naming hin
her, them have been pstihed and refuse
geet to do So which complaint shall be verified By the osi