The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1860-11-08

meeting after such report and papers
are submitted to them, shall either ap
prove 0. .disapprove Of each and every
loan made by said Clerk Of the District
Court. Should they disapprove Of
any loan or security thus reported, they
may require the party borrowing to
give additional security within thirty
days; and in case of failure so to do,
the entire amount both of principal
and interest owing to the school fund
shall be deemed to have become due.
and the District Attorney shall be di-
rected Immediately to collect the same;
and in such case should it be found
impossible to collect the entire amout
due, and the security prove insufficient,
then the Clerk of the District Court
and his bondsmen shall be liable for
the deficiency. The provision herein
contained with regard to principa'
and interest becoming due ON the fail
ure to give additional security whel
required, for money borrowed from The
school fund, is hereby declared to bt
a part of every contract made under
and by virtue Of this act whether ex
pressed in such contract or not.
Sec. 25 When any person disire:
to pay either principal or interest due
the school fund, he shall obtain certi
ficate from the Clerk Of the Distric,
Court specifying the amount due from
such person to the School fund; stating
whether it is principal or interest, OF
both, and setting forth distinctly The
amount ofeach. Upon the presenta
ton of which certificate to the Count,
Treasurer, and not uutil then, the Trea
surer shall receive the amount SO spec
iied from the person presenting tho
certificate, and shall endorse on sale
certificate the date, and his name, and
upon the return to the clerk Of The
District Court Of such certificate, SC
endorsed, the party returning it.sshal
have receipt from said clerk tor TIL
amount so paid.
Sec. 2e. On the first Monday
January A. D., 1861, the Count,
Judge shall transfer all accounts, Books
notes and Mortgages, which have come
into his hands as the officer having
charge Of the School fund, to the Clerk
Of the District Court. and shall make
out and deliver to said clerk. to be b,
him presented to the Board Of Super
visors, at their first meeting, a full an6
complete settlement sheet, in which
shall be specified each loan made from
the School fund in his County, ths
amount Of each loan, Waen made, t.
whom made, when due, the amount O
of interest due, and remaining unpaid
with the name Of the party so delin
quent, the amount Of School fund in tht
hands Of the Treasurer-also full anG
accurate list Of all books, papers, bonds
mortgages, and assets of every kline
and description connected with til,
management Of the School fund, deliv
cred by him to the Clerk of the Distric
Court, and also a statement of an,
facts within his knowledge, material te
the safety or interest Of the Schoo
fund. The Clerk Of the District Cour
shall at once forward copy of tht
settlement sheet herein provided to tht
Auditor Of State.
Sec. q. On the first Monday o
january, a. D., 1861, the Count,
Treasurer Of each county Of this Stat,
shall deliver all notes in his possession
given for money borrowed from til,
school fund or school land purchased
to the Clerk Of the District Court ane
shall at the same time furnish said clerl
to be by him submitted to the Boart
Of Supervisors at their first meeting,
full and complete list Of all such note
delivered to said clerk.
Sec. %. Where any books, papers
notes, bonds, mortgages, or assets o
any kind or description connected Will
the management of the school fund
are not in possession Of the Count,
Judge or County Treasurer, at the TIM
of the transfers provided for in section
twenty-six and twenty-seven ofthis act
they shall furnish full description :,
the same with the reasons whv the,
are not in. their possession, and wher
mad howthey can be c'otained.
5. 20. Each County Treasurer, sha
Immediately upon receiving or payin,
out aily. moneys belonging to tn
School fund, enter correct accoun
thereof on proper books kept BY hin
for the purposes, in all cases wher
money is received, distinguishing be