The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1860-07-05

money borrowed from the school fund O,
school land purchased, to the clerk Of the
District Court, and shall at the same
time furnish said clerk, to be bv him
submitted to the Board Of Supervisors al
their first meeting, full and complete
list of all such notes delivered to said
clerk.
%. Where any books, papers, notes,
bonds, mortgages, or assets of any kind
or description connected with the man.
agcment of the school fund, are not in
possession Of the County Jud ge or Coun.
ty Treasurer, at the time of the transfers
provided for in section twenty.six and
twenty-seven Of this act, they shall furn.
ish full description of the same with
the reasons why they are not in their
possession, and where and how they can
be obtained. g..
5 30 Each County Treasurer, shall
Immediately upon receiving or paying
out any moneys belonging to the school
fund, enter correct account thereof on
proper books kept by him for the pur.
pose, in all cases where money is receiv-
ed, distinguishing between principal and
interest, and shall keep an account show
ing all money due the school fund,
whether principal or interest, and desig.
mating the amount of each and from
whom due, and his books shall at all
times present clear and intelligible
statement Of the school fund in his
hands. Said books shall at all times be
open to the inspection and examination
of any house. holder or taxpayer in the
county.
$50. 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; aud he shall open
accounts with the County Treasurer in
which he shall charge him with all mon.
ey in his hands at the time such account
is opened, aud also with all money which
may thereafter be paid to him as shown
by the certificates duly endorsed as here
inbefore provided for, distinguishing
between principal and interest, which
shall be kept in distinct accounts; and
shall on the third Monday of May, the
first Monday Of October, and the third
Monday of December in each and every
year, make a complete settlement of the
school fund account with the County
Treasurer, from the time of the last set.
tlement, and at each regular meeting of
the Board of Supervisors, the clerk of
the District Court shall submit full
report OF ms '"~' --,.,-.-. WIZ 49,
County Treasurer, and also Of all notes,
mortgages, bonds, assets of every kind
and description which have come into
his hands since the last meeting of the
Board.
s31. Any County Judge, County
Treasurer, or Clerk of the District Court,
failing or neglecting to perform any of
the duties which are required of him by
the provisions of this act, he shall be
liable to fine of not less than one hund-
red 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 60 to the
School Fund.
S32. Wherever il shall be evident
to the Board of Supervisors that the in
+or,sk ,f tbo Sobool E,cJ u;ll bo apIao
gered by immediate prosecution Of any
mortgage or the sale Of mortgaged prem
ises, they may give such reasonable time
as they may deem for the best interest of
the School Fund.
5 33. At every sale of lands mort
gagged to tie School Fund it 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, interest and costs due to the
School Fund if in his opinion the inter
ests of the said fund require it.
s "a. All acts aud parts Of acts in
conflict with this act are hereby repealed
so far as they conflict with this act.
5 33. This act shall be in force from
and after the first Monday in January
1861.
JOHN EDWARDS,
Speaker of the House of Representatives
JAMES L. WILSON,
President of the Senate, pro tenn.
Approved April Sd, 1860
SAMUEL !. KIRKWOOD,
l hereby certify that the foregoing is
true copy from the original roll on file
in my Office. ELIJAH SELLS,
Secretary of State.