The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1858-05-08
Volume 5.

ceeds OF the sale and the income arising
therefrom shall be kept aud rendered to
the auditor of State separate from the
proceeds and income from section If
teen.
s22. When in the opinion of the
county Judge and township trustees Of
any township, it may be necessary to
have any portion Of the school lands sta
ted in this act within any township in
his county surveyed, he or they may EN-
pioy the county surveyor for the purpose
who shall be paid out of the county treas
ary upon proof made of the request and
performance Of the service.
= s23 The permanent school fund shall
BE- k,aned out from time to time as here
matter provided, as the same may come
9 into the hands of the county treasurer,
but no loan to any person or company
shall exceed the sum OF five hundred doll
ars, nor shall any loan be made for less
time than Que year nor more than 1--WE
years.
{ -. The payment of the money
thus loaned and the interest thereon,
,hall be scared by promissory note, to De
executed by the loanee with two good
snreties, aud b. mortgage on real estate
If tn. clear un Encountered value of doub-
l., the amount of money loaned, which
rs, estate must be situated in the county
whrc sub loan is made.
SIS. The value of real estate propo-
e to b. given in security for money
loaned rs herein provided, shall be fixed
BIZ three appraisers under oath, to be ap
pointed by the county judge, who shall
be allowed therefor the sum of fifty cents
each, to be paid by the loaneo, and the
loance shall, in all cases, pay for recor-
ding the mortgage taken to secure such
loan.
$40. When any person or persons
wishes to effect loan of the permanent
school fund, he or they shall make apph
cation to the county judge, said of the
proper county, and if in the opinion Of
the said Judge, said loan would be to the
interest of the school fund. said judg
shall order the necessary papers for tn
security of said loan to be made out a.
required by section twenty-five OF tn"
act, and when said papers are made ou
they shall be presented to the sail count!
Judge, aud if he approves tn" same h.
shall endorse thereon the word accepted
and sign his name below the same, anH
then return tho note to the maker or ma
kers thereof, who shall present the SAM
to the county treasurer OF SAID count,
who shall pay to the person presenting 1t
out of the principal OF The school fun,
in his possession, the amount for which
said note calls. and file said note anon:
the papers OF his Office. Aud said coun
tv iua 70 shall file the mortgage anon!
the papers OF his office.
s27. The Office of School Fund Com
missioner is hereby declared abollshe,
from and after the first day of Octobe
next.
s %. During the month of Octobc
next after the taking effect Of this act
each person now holding the Office 0
school fund commissioner of each of tn
several counties of this State shall max
full and complete settlement OF TIL
affairs and business of the said OF &C
with the county judge aud treasurer o
his county, and shall deliver osnch coan
" treasurer, all moneys, notes and bond
aud assets of every kind and description
nsd shall deliver all books Aol mortgage
and papers not required t" be delTere
to the county treasurer, to the SAID ooRn
y judge. VI,
%. SAID settlement shall be show
or evidenced b. settlement sheet where
on shall be entered in proper form tui
and accurate account OF the dOlngs .
eueh school fund commissioner, with tb
proper debts and credit. Of principal AN
interest due from such school fund com
missioner, said settlement sheet shall ais
contain full and accurate list and state
men, of all books, papers, moneys, notes
bands mortgages aud assets OF ever
kind and description delivered by sue
school fund commissioner to such count
;ulre and treas arer, and to which dehg
Grad. which list and statement shall cou
tain brief and pertinent description {
all such books, papers, b. otn0teS, bond,
and assets, AMI also any IA IS within tn
knowledge of such school tuod comml:
sioner, material to the safety Of til
school fund.
$50. In case any books, pape's, NOR
cv. bonds, mortgages, or asset, OF ever
kind or description belonging to suc
school fund commissioner, are Mt In h
posession at the time Of such settlement
he shall have entered upon the said Sc
clement sheet brief anl pertinent d
s,rintion thereof, with the reason why Il
same is not in his possession, and were an
how it can be obtaln-d
S3l Said settlement sheet shall
done in triplicate aud sigued By sue
School Fund Commissioner, Count
fudge and Treasurer, and there shall
,,nnended to each an affidavit OF sue
School Commissioner stating said settI
mont sheet contains fall, complete At
accurate account of his doing as aus
School Fund Commissioner, and compile
list Of all books, papers, moneys, note
bonds, mortgages and assets OF eVe'
kind aud description that pertainei to h
aid Office, whether in his possession
within his knowledge material TO the saf
~ Of the School Fund, one of said settl
a,nt sheets shall be delivered to SUI
School Fund Commissioner, one to 81
County Judge md the third shall be 70
waried to the State Auditor.
S j.. From and after the irst day
October next after the taking effect
thi. act, all payment OF principal and i
teres. Of the school fund shall be MAJ
to the County Treasurer Of the prop
county. and upon the payment Of al