The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1858-06-10
laws OF IOWA.
PUBLISHED BY AUTHORITY.
Chapter 1853.

AN ACT providing for the management of the
School Fund, and sale of the School Land:
SECTION 1. Be it enacted by the General
Assembly of the State Of Iowa,
That the following are hereby declared to be
and remain perpetual funds for common school
purposes, of which the annual interest or in
come only can be appropriated.
1st. The five per cehtum npon the nett pro-
ceeds of all sales of the public lands in the
State Of Iowa.
End. The five hundred thousand acres of
land. and all proceeds Of the sale thereof which
were granted to the State OF Iowa. under the
eighth section Of the act of Congress, passed
September the 4'h. A. d. lS4l, entitled an act
to appropriate the proceeds of the sales of
public lands and to grant pre-emption rights.
Sd. The proceeds Of all sales of intestate
estates which escheat to the State by reason OF
there being no heir.
4th. The sixteenth section in each township
Of the State, or land selected in lieu thereof
81. The following are declared to be and
remain temporary fund for common school
purposes. to be received and appro. rated an
nnally, in the same manner as is the annual
interest or income of The perpetual fnnd.
lst All forfeitures of ten per cent per an
mum. upon the amount of all interest under OF
by which greater rate of interest than that
authorized by law. is reserved or taken eli her
dtect!y or Indirectly, in money, property, OF
other valuable things
2i. The clear proceeds IF all fines collec.
breaches Of the penal laws.
81. All fines which IN the several counties
in this State are paid in exemption of, or as
an equivalent for military duty.
ith. All funds arising from sales the of wa
ter crafts, lost goods and estrays.
So. 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 it shall be 10 apportion the same
among the several organized conniie, of thi.
State, taking into consideration the amount Of
the permanent school fund area ly in posses.
sion OF said counties. SO that each county NAV
hold as nearly as may be, an amount of school
fund porportioned to its population.
"a. These portions of the permanent fund
enumera'ed in the second, third, and fourth
Subdivisions of section 1st of this act are here.
by made payable to the county treasurer of the
different counties in which the lands NAV bt
situated, as the proceeds Of sales of said es.
cheated estates are to be accounted for by the
county treasurer respectively, to the county
jsdge.
S5. The temporary funds enumerated In
sec. I'd. of this act are hereby made payable
to the county treasurer of the several counties
in which they are incurred or arise respec.
lively, which shall be accounted for to the
county judge of said county, who shall appor-
zion the same among the several school dis
tricts Of said county as provided by law.
Sc. On the first Monday of March ann ,al-
ly the State Auditor shall apportion the in
terest of the permanent school fund, among
the several organized counties of this State. in
proportion to the number of persons between
five and twenty one years of age in each. and
in order TO enable him TO make such an appor.
ment 1T is hereby the duty of the Superintan-
dent Of pnblic instruction 20 report to said
Auditor on the first Monday of February, an.
nnally, the number Of such persons in such or
ganized county as shown by the reports from
the several county superintendent.
81. The county Judge shall annually. on
the first Monda- Of February, make out and
transmit to the State Auditor, report of the
amount of interest then in the hands of the
treasurer of said county, also the amount, il
any, remaining unpaid.
8 3. The State Auditor shall Immediate '
after making the aportionment required in
sec. OF this act, notify the county Judge oil
each county, OF the sum to which his count,
Is entitled by said apportionment, and shall
ascertain from the reports Of the differen,
county judges what amount Of the income OF
interest Of the permanent school fund as stated
in section Of this act, is in the hands of the
Treasurer Of said county, and IL any county
shall have less of said mentioned interest 0.
income than said county is entitled to by said
appointment, then the State Auditor shall is.
sue his warrant for the deficiency, which war
rant shall be signed by the county judge ol
said county, and disposited with the county
treasurer, and charged against him as so much
interest or income on the permanent school
fund, and shall be authority for the said treas.
0rerto transfer the amount of said warrant
from the State tax in his hands to the interes,
orincome OF the permanent school fund, and