The Buchanan County guardian. (Independence, Buchanan County, Iowa) 1858-1864, 1860-07-17

come into his possession since their last meeting.
Said Board OF Supervisors ut the first meeting
after such report and papers are submitted to
them, shall either approve or disapprove of each
and every loan made by said Clerk of the Dis
,rict Court. Should they disapprove of any
loan or security thus reported, they may re
quire the party borrowing to give additional
security within thirty days and in case Of
failure so TO do, the entire amount both of Prin-
cipal and interest owing to the school fund shall
be deemed TO have become due, and the DIS
trict Attorney shall be directed immediately
to collect the same aud in such case should 1t
be found impossible to collect the entire amount
due, and the security prove insufficient, then
the Clerk of the District Court and his bonds
men shall be liable for the deficiency The
provision herein containcdwith regard to prin-
cipal and interest becoming due on the failure
to give additional security when required, for
money borrowed from the school fund. is here
10y declared to be part of every contract made
under and by virtue of this act whether express
ed in such contract or not.
s 25 When any person desires to pay Ell
Their principal or interest due the School Fund
he shall obtain a certificate from the Clerk of
the District Court specifying the amount due
from such person to the School Fund, stating
whether it is principal or interest, or both and
setting forth distinctly the amount of each
Upon the presentation of which certificate to
the County Treasurer, and not until then, the
Treasurer shall receive the amount so specified
from the person presenting the certificate, and
shall endorse on said certificate the date, and
his name, and upon the return to the Clerk of
the District Court of such certificate, 50 endor-
sed, the party returning it shall have a receipt
from said clerk for the amount so paid.
s 26 On the first Monday of January A. d.
1861, the County Judge shall transfer all ac-
counts, 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 by him presented to the
Poard of Supervisors, a. their first meeting, a
full and complete settlement sheet, in which
shall be specified each loan made from the
School fund in his County, the amount of each
loan, when made, to whom made, when due,
the amount of interest due, and remaining un-
paid, with the name ofthe party so delinquent.
the amount of School fund i'll the hands of the
Treasurer-also n full and accurate list of all
books, papers. bonds, mortgages, and assets of
every kind and description connected with the
management of the School fluid, delivered by
him to the clerk of the District Court, and also
II statement of any facts within his knowledge
material to the safety or interest of the School
fund The clerk of the District Court shall at
once forward copy of the settlement sheet here
in provided to the Auditor State.
S 81 On the first Monday of January, A.
D. 1861, the County Treasurer of each county
of this State, 81 a deliver all notes in his pos
session given for money borrowed from the
School fund or school land purchased, to the
clerk of the District Court and shall at the same
time furnish said clerk, to be by him submitted
to the Board ofSuperyisors at their first meet
ing, full and complete list of all such notes
delivernd to said clerk.
% Where any books, papers, notes,
bonds, mortgages, or assets OF any kind or
description connected with the management of
the school fund, are not in possession of the
County Judge or County Treasurer, at the time
of the transfers provided for in section twenty
six and twenty seven of this act, they shall fur
nish a full description of the sane with the
reasons why they are not in their possession,
and where and how they can be obtained.
%. Each County Treasurer, shall imme-
diately upon cciving or paying out any mon
eys elonging to the school fund, enter cor
rect account thereof on proper books kept by
him for the purpose, in all cases where money
is received, Distinguishing between principal
and interest, and shall keep an account show
ing all money due the school fund, whether
principal or interest and designating the
amount Of each and from whom due, and his
books shall all times present clear and intel
ligibe statement of the school fund in his hands.
Said bonks shall at all times be opent to the in
spection and examination of any house holder
or tax payer in the county.
80. Each clerk of the District Court shall
keep in his office in books provided for that
purpose, an account to be known as the School
Fund Account in which he shall enter all
notes, mort cages bonds, and assets of every
kind and description delivered to him by the
County Judge, and which may hereafter come
into his hands, and he shall open accounts with
the County Treasurer in which he shall charge
him with all money in his hands at the time
such account is opened, and also with all mon
ey which may thereafter be paid to him
shown 10y the certificates duly endorsed as here
in before provided for, distinguishing between
principal and interest, which shall be kept in
distinct accounts and shall on the third Mon
day of May the first Monday of October, and
the third Monday of December in each and ev-
cry year, make complete settlement OF the
school fund account with the County Treasurer,
from the time of the last settlement, and at each
regular meeting of the Board of Supervisors, the
clerk of the District Court shall submit full
report OF his last settlement with the County
Treasurer, and also of all notes, mortgages bonds
assets of every kind and description which
have come into his hands since the last meet
ing fthc Board.
s 81. Any County Judge County Treasur-
or, or clerk o. the District Court, failing or neg
Letting to perform any OF the duties which are
required OF MN by the PROVISIONS OF this act,
he shall he liable To fine of not less than one
hundred dollars nor more than five hundred
dollars, to be recovered in an action brought in
the District Court by the Board of Supervisors,
the judgment to be entered against the party
and his bondsmen, and the proceeds to go to
the School Fund.
81. Wherever it shall be evident to the
Board Of Supervisors that the interest of the
School Fund will be endangered by the imme-
diate prosecution ofany mortgage or the sale OF
mortgaged premises, they may give such rea-
sonabe time as they may deem for the best in
crest OF the School Fund.
3d. AT every sale of lands mortgaged to
the School Fund ii shall be the duty of the
Chairman of The Board of Supervisors to attend
such sale and to bid on behalf Of the State the
amount of the principal, interests and costs due
TO the School Fund fin his opinion the inter
ests of the said fund require it.
8 "a AL acts and parts of acts in conflict
with this act are hereby repealed so far as they
conflict with this act
50. This act shall be in force from and
after the first Monday in January 1861.
JoHN EDWARDS,
Speaker Of the House of Representatives
JAMES +. WILSON,
President Of the Senate, pro tenn.
Approved April 3. 1860.
SAMUEL j HARDWOOD.
!, Elijah Sells. Secretary of State. hereby Ger
tify that the foregoing is true copy from th,
origi nal roll on file in my Office