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


he shall incur an additional penalty Of two
per cent. on said interest, and in like manner
an additional penalty of two per cent. shall be
incurred for every month any delinquent may
fa,l to pay the interest due from him until the
same is paid. and If said interest is not paid
at the end of six months, it shall be the duty
or TIE county treasurer to report the name Of
the delinquent to the district attorney of the
judicial district in which the county is situa-
ted, who shall immediately commence suit for
the collection Of the said interest
S17. All those school lands. the sale of
which are provided for under this act. shall
become taxable in the hands of the purchaser
or those who represent him from the time of
the execution and delivery Ct the contract TO
purchaser.
1S. All contracts relative TO the sale of
school lands Of every description provided for
in this act shall be subject to the laws that
may now or hereafter be in force in this State,
relative to the prevention or punishment of
waste.
S19. II is hereby made .he duty of the
township trustees in each township 20 see thai,
no waste be committed upon any school lands
lying in the township. and in case anv snch
waste be attempted it shall be their duty tn
apply by petition to the district court or to any
judge thereof for an injunction to stay waste.
and the same If granted, shall be without bond
and shall stand for trial first in order u?on the
court docket, the same shall be tried in sum
mary docket, and upon such trial the said
township trustees shall be competent witness
es. The court may make such order in the
premises as shall be agreeable and calculated
to secure the school lands from waste or des-
truction, and may adiulge damages to the
township trustees against the party for injus.
tice done in such cases. the cost shall abide
the event of the suit, and the damages shall be
paid to the county treasurer and constitute a
part of the permanent school fund.
$50. The provisions of section niaeteen are
hereby made applicable to all purchasers of
University lands and borrowers of money from
the University fund.
21. It shall be the duty of the Register of
the State land Office to transmit to the county
Judge of each county in which any part of tie
500, 900 acre grant may be situated, list of
all of said lands in his county, with the ap-
praised value of each tract, stating what tracts
or parts Of tracts have been sold and what re-
mains unsold, and it shall be 'he duty of the
comfy judge receiving such list, forthwith to
furnished the trustees of the several townships
in his county with a correct list of all the nn-
sold lands in each. and thenceforth it shall be
the duty Of the comfy judge and the town
ship trustees 10 have the same charge and
care of said Lands as Of section fifteen. as pro-
vid"d in this act but the account Of the pro-
ceeds of the sale and the income arising there
from shall br kept and rendered to the Audi
Tor of State separate from the proceeds and
income from section fifteen.
~. When, in the opinion Of the county
Judge and township trustees Of any to ynship,
in may be necessary TO have any portion Of the
school lands stated in this act within any
township in this county surveyed, ne or they
may employ tho county surveyor for the pnr-
pose, who shall be paid out of The county
treasury upon proof of the request and per-
formance of the service.
%. The permanent school fund shall be
loaned out from time to time as hereinafter
provided, as the same may come into the hands
Of the county treasurer, but no loaL to any
person or company shall exceed the sum of
five hundred dollars, nor shall any loan be
made for less time than one year nor more than
five years.
"a. The payment of the money TINS loan
ed and the interest thereon, shall! be secured
by promissory note, to be executed by the
loanee with two good sureties, and bv mort
gage Oh real estate of the clear unincunbered
value of double the amount of money loaned,
which real estate mus. be situated in the corn-
ty where such loan is made.
S25. The value Of real estate proposed to
be given in secuaity for money loaned as
herein provided, shall be fixed by three ap-
praisers under oath, to be appointed by the
county judge, who shall be allowed therefor
the sum OF fifty cents each, to be paiu by the
loanee, aid the loanee shall, in all cases, pay
fer recording the mortgage taken to secure
such loan.
70. When any person or persons wish to
effect d loan of the permanent school fuId, he
or they shall make application to the county
Judge of the proper county, and if in the opin-
ion OF the said judge, said loan would be to
interest Of the school fund, said Judge shall
order the necessary papers for the security of
said loan, to be made out as required by sec
ton twenty-five of this act, and when said pa :.
pers are made out they shall be presented to
the said county judge, and if he approves the
same he shall endorse thereon the word s.ac-
cepted," and sign his name below the same:
and then return the note to the maker or ma
kers thereof, who present the same to the
county treasurer of said county who shall pay
to the person presenting it out of the principal
of the school fund in his possession, the
amount for which said note calls, and file said
note among the papers of his office. And said
county judge shall file the mortgage among the
papers Of his office.
s 81. The office Of School Fund Commits
sinner is hereby declared abolished from and
after the first day OF October next.
%. During the month Of October next,
after the taking effect of this act, each.person