The weekly north Iowa times. [volume] (McGregor, Iowa) 1857-1867, 1858-06-09
Il A w = OF low A
By AUTHORITY.
CHAPTER l5S.

| Fund, and sale of the School Lands.
sEcrIoN l. Be it enacted by the General AsseynJl
q the State Of Iowo, That the following hereby
declared to be and remain perpetual funds for common
school purposes, OF which the annual interest income
only can appropriated:
l. The five per centum upon the nett proceeds Of al
| sales Of the public lands In the State of iowa
2 The five hundred thousand acres of land, and al
proceeds Of the sales thereof which granted to thu
State of Iowa, under the eighth section of the act
Congress, passed September the 4th A. D. 1s41 entitled
act to appropriate the proceeds of all sales OF public
| lands and to grant pre-emption rights.
B. The proceeds OF all sales of ntetate estates which
escheas to the state by reason of there being heir
The sixteenth section in each township ofthe state
/ or lar%aselectet in licu thereof
22 The following are declared to be and remain tenn
poray FUNDS for common school purposes to be receiv
cd and appropriated annually, in the same
| Is the annual interest income of the perpetual
| fund.
l. All forfeitures Of ten per cent per annum upon
the amount OF all interest under by which greater
of interest than that authorized by law is
or taken either directly indirectly in money proper
ty, tr other valuable things.
The clear proceeds of all ne' collected within the
counties Of this State for breaches Of the penal
law,
g. All fines which III the several counties in this State
are paid in exemption Of equivalent for military
duty.
All fund, arising from the sales of water crafts lost
goods and estrays.
23 The five per centum Of the nett proceeds Of all
sales Of the public lands in the state is hereby made
payable to the State Treasurer whose duty IL shall be
to apportion the same among the several organized
counties of this State, taking into consideration the
Of the permanent school fund already in pos
session OF said counties, that each county may hold
nearly may be, amount Of school fund proper
toned to its population.
T. These portions OF the permanent fund enumera-
ted in the second third and fourth subdivisions of
ton st Of this act are hereby made payable to the
county trea of the different counties in which the
lands may be situated or The proceeds Of sale OF said
Estates are to be accounted for by the county
Itrna SsunI., Snt 81,
20. The temporary funds enumerated in sec. Of
THIS act are hereby made payable to the county trea-
surer OF the several counties in which they incurred
arise respectively which shall be accounted for to the
county judge OF said county, who shall apportion the
same among the several school districts OF said county
provided by law.
Auditor shall apporon the interest of the permanent
school fund, among the several organized counties OF
this state, in proportion to the number of persons be-
tween five and twenty years of age in each and in
order to enable him to make such apportionment it
hereby the duty of the Superintendent of public in
structon to report to said auditor the first Monday
OF February annually, the number of such persons in
such organized county shown by the reports from the
several coanty superintendent.
l. The county judge shall annually, the first
Monday Of February, make out and transmit to the
state auditor, report Of the amount of interest then
in the hands Of the OF said county, also the
amount, if any, remaining unpaid.
Z s. The state auditor shall Immediately after max
ing the apportonment required i'm sec. 6 of this act
notify the county Judge of each county, Of the sum to
which his county is entitled by said apportioment and
shall ascertain from the reports the different county
judges what amount of the income or interest of the
permanent school fund as stated in section of this act
Is in the hands of the Treasurer of said county, and
II any county shall have less of said mentioned inter-
est or income than said county entitled by said ap-
portionmea then the state auditor shall issue his
rant for the deficiency which warrant shall be signed
by the county Judge of said county, and deposited with
the county treasurer and charged against him as so
much interest income the permanent school fund
and shall be authority for the said treasurer to transfer
the amount of said warrant from the tax in his
hands to the interest income of the school
fund, and said shall be received by the State
Trea urer much state tax and case any county
shall have of interest or income then the
treasurer Of said county shall pay over said excess to
the State Treasurer which shall be received
much state tax. ..z-...
~ shl he the duty Of the trustees OF the several
townships IN this state at as early day may be
Venien after township election next succeeding the
passage OF this act after the organization Of
townships, and within the period of at most three
months thereafter to proceed to make an examination
OF the sixteenth section in their srectve townships
ianas granted IN lieu thereof and to lay out
Is IN ther Judgment may be best to advance the in
terests Of the school fund.- and in such alotments
forming as far as may be consistent with the interests of
the said fund to the legal subdiy ions of the United
states survey, and they shall place true value upon
each parcel which value shall not be less than at the
rate OF TWO dollars and fifty cents per acre.
~. "thm thirty days after allotment valuation by
fa township they shall certify to the county
Judge OF the proper county the allotment they have
MADE together with their valuation Of the different par
GELS respectively and shall be the duty of the county
judge, to examine the ne and case OF his approval
TO make record thereof in his ofce and in case lie
disapproves he SHALL within thirty days after the
cept thereof direct new allotment or valuations either
or hoth as the case may seem to require and return
OF the same to make record thereof
IL. Within three months after such allotment and
valuation shall have been completed returned and
made record OF by the county judge the county judge
together with the trustees of the township in which the
lands are situated hall meet together and determine
secton or some part or parts thereof lands grant
ed lieu thereof but no part or portion Of the same
shall be offered for sale unless with the joint
of the county judge and two of the said trustees Of the
township in which the said lands are situated
T. In Gaze the said county judge, Jointly with the
said trustees, or any two of them shall determine upon
GELS composing the said sixteenth section lands
granted in lieu thereof and shall resolve to offer the
for sale then shall be the duty of the county
judge to give at least sixty days notice. by written or
printed advertisements in three public places in the
county, and two in the towns hp wherein the land Is
situated and shall also publish q similar notice for
sixty days previously in newspaper published in the
county, or IN an adjoining county provided any news
paper be published therein which notice SO to be given
and published shall describe the land to be sold and
the time and place Of SALE and then at such time
aud place. or to such other to which adjournment or
adiournments shall be had he shall offer the same to
the highest bidder subject to the provisions of this act
and shalt sell upon the following terms viz One third
Of the purchase money to be paid in advance and the
balance on credit not exceeding ten year, bearing
terest at the Of ten per cent PER annum from the
day Of the sale until paid which interest shall pay
able annually at the office Of the county treasurer OF
said county, the first day of January of each and
every year. Proridfd, always that the said lands APP
praised afore aid shall not be sold for less than their
appraised value and provided aso that the said county
Judge receive when desired ny the the whole
.ha ,ne , M a anu prosueo also,
s.a. W W. nener .e Souy Juuse nor any townsnp trustee
" tne .o"islp ~ "nsn Any ianu 20 solo may DC STU
a,eu, nor any persom having any, 20 20 Win tne
no.iien. OF .hereoi, shail pe either direc-
or iulee,y iu.etes'eu III any purchase OF the same
l ~ 80 20 - va: , "oose onumera1eu ~ sucn pur
81 % shea Sa'a Sa'e nereoS declared 10 oe Vod ana
u Io eIec..
To- Al any purchaser shait pay .ne "hoie amount
=. .e no.ey q. .ne .e OF Ihe purchase the
Ss t. ,.h ,ha, ,a ol
setting lorth tnat iacs Wncn snail be transmitted
w .Ae sa.s laau once ana enine Ine 0urchaser TO
Pssens rnicn snail ~ - nsa ~ .s aosernor.
hss h, I ~ s.d ., .a s, me coh.sacI Q! put
Suoe eAAoAA oO sseoo.ey Ieouceu 70 writHg, slSneu