The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1858-06-10

treasurer ds SO InIcti Stdte TAX. ana III case
any county shall have an excess of interest or
income thcn the treasurer or said county shall
pay over said excess to the State Treasurer.
which exc ess shall be received as so much
State tax.
50. It shall be the duty of the trustees of
the several townships In this State, at as ear
ly day as may be convenient, after township
election next succeeding the passage of this
act, or after the organization Of new townships
and within the period of at most three months
thereafter, to proceed to made an examination
of the sixteenth section in their respective
townships or land granted in lieu thereof, and
to lay ont or cause the same to be laid ont and
allotted into such parcels as in their Judgment
may he best to advance the interest Of the
school fund, and in such allotments conform
ing as far as may be consistent with the in
terest of the said fund to the legal sub-divi
sions 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.
SIC. Within thirty days after allotment
valuation by said township trustees, they shall
certify to the county Judge of the proper coun-
ty the allotment they have made, together
with their valuation of the different parcels
respectively. and it shall be the duty of the
County Judge, to examine the same, and in
case of his approval, to make a record thereof
in his office. and in case he disapproves, he
shall, within thirty days after the receipt
thereof. direct new allotment or valuation,
either or beth as the case may seem to require,
and on a,retnrn OF the same to make record
thereof. . ..... ....
S11 Within three months after such allot-
ment and valuation shall have been completed,
returned and made record of b. the county
Judge, the county Judge together with the
trustees of the township in which the lands
are situated, shall meet together and deter
mire on the propriety of offering for sale the
said sixteenth section, or some part or parts
thereof, or of lands granted in lien thereof,
but no part or portion of the same shall be Of
ferrcd for sale unless with the joint concur
renee of the county Judge and two of the said
trustees of the township in which the said
lands are situated. .m
IL. In case the said county judge, jointly
with the said trustees, or any two of them,
shall determine on the proprety Of offering
for sale all or any of the parcels, composing
the said sixteenth section, or lands granted in
lieu thereof, and shall resolve 10 offer the same
for sale. then IT shall be :he duty of the cou ty
Judge to give at least sixty days notice. by
written or printed advertisements in three
public places in the county, and two in the
townships wherein the land is situated, and
shall also publish similar notice for sixty
days previously in a newspaper published in
the county, or in an adjoining county. pro-
vided any newspaper be published therein,
which notice so TO be given and published,
shall describe the lands to be sold and state the
time and place Of sale. AID then at such time
ment or adiournmrnts shall be had, he shall
offer the same to the highest bidder. subject to
the provisions of this act, and shall sell upon
the following terms viz: One third of the
purchase money to Re paid in advance, and the
balance on credit no: exceeding ten years,
bearing interest at the rate of ten per cent per
annum, from the day of the sale until paid,
which interest shall be payable annually at
the Office of the county treasurer of said county
on the first day of January of each and every
year. Prorided. always, that the said lands ap-
praised as aforesaid shall not be sold for less
than their appraised value, and provided also,
that the said county Judge receive, when des-
red by the purchaser, the whole of the pur-
chase money in advance. and provided also,
that neither the county Judge nor any town
ship trustee of the township in which any land
so sold may be situated, or any pei son hav-
ing anything to do with the allotment or ap-
praisment thereof. shall be either Directly or
indirectly interested in any purchase of the
same and in case the persons above enumerated
in such purchase, then said sale is hereby de-
clared to be void and of no effect.
13- lf any purchaser shall pay the whole
amount of the purchase money at the time of
the purchase, the county Judge shall forthwith
issue certificate OF purchase setting forth
that fact which shall be transmitted to the
State land Office and en.itle the purchaser to a
patent which shall be issued by the Governor.
Ia. In case the lands are purchased upon
partial credit as hereinafter authorized, the
contract of perchase shall be Immediately re-
duced to writing, signed by the parties and
filed and recorded IN tie office of the said coun-
ty treasurer ard during the continuance Of such
contract, il shall be lawful for such purchaser,
his assignee or heir. at any time to pay the
principal and interest due upon such contract
and receive certificate OF purchase as mem
toned in the proceeding section.
Is. When in the judgment Of the county
Judge and township trustees, any school lands
in the township OF the latter which they are
about to offer for sale, are of description as
that sale OF the same upon a partial credit
would be unsafe or incommtiable with ihe in
terest of the school fund, and the preservation
thereof from waste and especially in the case
of 'imbered lands, the value whereof consists
chiefly in the timber growing thereon, the said
county jndge and township trustees may IN
their discretion exactthe whole OF the purchase
money in advance, or it they sell such land
upon partial credit as heretofore provided,