The Davenport gazette. [volume] (Davenport, Scott Co., Iowa) 1841-185?, 1849-02-22

1SpIuSSr b'I VUrkUECs UWhH UIlu
stationery pertaining to his Office, to he
audited and paid as the salaries and con,in-
gent expenses Of ether State officers are.
Election and duties Of School Fund Com
missioners.
Sec. IL. At tho annual township cleo
ton on the first Monday in April, A. ID.
1850, and bicnniaIly thereafter, in each or
gained county in this State, there shall
he elected one School Fund Commissioner
for the county, who shall hold his office for
two years and until his successor is elect.
ed and qualified.
Sec. IA. Within twenty daye after his
election no shall take and subscribe an oath
TINT he will faithfully discharge the duties
OF his office, and shall also execute a bond
10 the State Of Town, in the penalty or ten
thousand dollars, with securities 10 be 90.
proved by the Clerk of the District Cour,
and the Sheriff Of the county. conditioned
for the faithful application Of all school
money that shall come into his hands. Said
bond and oath shall be deposited with the
Clerk Of the District Court and suit shall
be brought thereon at any time. in case Of
nal prncticc 10 Office, by the Prosecuting
| Attorney
Sec. Is. Should he fail to qualify ms
above required, or il for INV other reason
there he vacancy in the Office, the Clerk
OF the District Court, Prosecuting Attor-
ney, and Sheriff of the county shall ap-
point substitute, who shall qualify in like
manner.
Sec. l6. He shall on the fifteenth day of
October Of each ycnr, transmit 10 the ST.
perintendcnt Of Public instruction n report
containing an absirac, of the several par
ticnlars set forth in the reports Of the dis
trict secretaries, together with statement
Of the financial affairs Of his office, and
such suggestions as he may think proper to
make relative to the schools of his county
Sec. II. Should he fail 10 make his re-
pert. M required ia the foregoing section,
he shall forfeit the sum OF twenty dollars.
and sui; shall I've brought on his official bond
for the collection Of the same with DANA
gee, by the Prosecuting Attorney.
Sec. j.. lie shall keep mn accurate ac-
count Of the receipts and expenditures Of
his Office, and shall render M account cur
rent thereof ut any time when required by
the Superintendent Of Public Instruction.
Sec. ID. lie shall take receipts far all
moneys paid out, in book provided for the
purpose. file all warrants and orders drawn
on him by the respective presidents of the
district boards, and all other papers trans
mi,,ed to him pertaining to The business Of
bic office, and shall hold the same subject
10 the inspection Of the Superintendent Of
Public instruction OK my Of the school oili-
GERS Of his county.
Sec. 90. lie shall keep correc. account
Of Nil monies received from the township
and county officers, specifying the poriicu-
lar source from which tho same accrued.
Sec. II. lie shall distribute 10 the dis
srct officers within his county such blank
forms, circulars. and other communication
N may be transmitted to him for that pur-
pose by tho Superintendent Of Public Ia.
struction.
Sec. %. On the first day Of March an
nually he shall appor,ion the interest of the
permanent school fund to which his county
il entitled. the county school tax, and all
money in his hands appropriated for the
support Of schools, among tho several
school districts Of his county, in proportion
to tho number Of persons reported to him
BY the respective district secretaries, and
shall record q statement thereof ia his Of
fee.
Sec. %. lie shall Immediately notify the
president Of each school district Of the
amount TO which his district may DO cn,i-
tied by said apporiionmen. and shnll pay
the snme over TO the district treasurer, up
on the warrant of the prcsiden. counter
signed by tine secretary.
Sec. ~. lie shall lonn ont the principal
Of the permanent school fund, as the same
may como into his hands, mt the rate of
ten per cent, interest per nnnnm; said in
ierest made payable at his Office on the fret
day Of January Of each year.
Sec. %. Tho payment Of the money
thus loaned, aud the interest thereon, shall
be secured by a promissory note, to be ex.
ccu,cd by the loaner, with two good sccu
rites, and by mortgage on real estate Of
the clear nn;ncumbcred value Of double the
amount 81 money loaned.
Sec. 26. The value Of real estate prnpos.
ed to be given in security for money loan
cd as herein provided, shall be fixed BY
three appraisers under oath, to be appoint
ed by the Fund Commissioner, who shall
DO allowed therefor the sum Of fifty cents
each, TO be paid by the looner.
Sec. .. No loan to any one person or
company shall exceed the sum Of FIVE hun
dred dollars, nor shall any loan be made for
less term than one year or more than Eve
years.
Sec. 2S. In al cases where il shall be
necessary to administer any oath or affirms-
ton under the provisions Of this act, or