The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1860-11-08
md also the amount remaining unDaid

ScC. o. Nc ObatS kAuulIOT bIla
keep the school fund accounts in bo. k.
provided for that purpose, separate
and distinct from the revenue books,
and immediately after making the
apportiohment required by section six
Of this act, shall notify the Clerk of the
District Court of each comfy the sum
to which his county is entitled by said
apportionmcnt, and in those cases
where the counties have less Of such
interest than they are entitled to by
the apportionment, he shall by such
notice authorize the Treasurer of each
of such counties to transfer the amount
Of such deficiency from the State rev.
enue in his hands to such interest fund,
and said notice shall be filed by the
Treasurer, and be his proper voucher
to the State for the amount of State
revenue so transferred. And in those
cases where the counties have an ex-
cess of such interest over the amount
apportiened TO each, and such notice
shall authorize the County Treasurer
to transfer such excess from the inter
est fund to the State Revenue, and
such notice shall be filed and be his
proper voucher for such amount of the
interest fund, and such excess 80 trans
ferred shall bepaid into the State Treas
ury as revenue.
Sec: 0. The Board Of Supervisors
may, at such time as they deem best,
authorize the township trustees Of any
organized township, where the sixteenth
section, or land selected in lieu thereof
has not been sbld, to lay out the same,
or cause it to be done, IN such tracts
As in their judgment will be for the
best interests of the school fund: con-
forming as far rs the interests Of said
fund willpermit to the legal subdivisions
Of the United States surveys, ,ahd thet
all appraise each tract at what they
believe to be its true value, and certify
to the said Board of Supervisors the
divisions and appraisemcnts made BY
them; said division and appraisement
shall be approved or disapprovcd by
said Board at their first meeting after
such report, and in case they disap.
prove the same, they may at once or
der another division and appraisement
should they deem it hest In all cases
where the Board Of Supervisors ap.
prove of any division and appraise.
ment Of school lands, It shall be the
duty Of the Clerk Of the District Cour,
to make and keep record of such
division, appraisemcnt and approv-
al.
Sec. 10. Whenever the Board OF
Supervisors shall deem it best to offe,
for sale the sixteenth section, or lands
selected in lieu thereof, or any portion
of the same, or any part of the 100000
acre grant, it shall be the duty of the
Clerk Of the District Court to give al
least forty days notice by written OF
printed notices posted in FIVE public
places in the county, two Of which
shall be in the township in which the
land to be sold is situated and shall
also publish a notice of said sale fol
four weeks preceding the same in .
newspaper, should one be published in
the county; if there is none published
in said county, then in the newspape,
authorized by the Board Of Supervis
ors and shall describe the land to be
sold, and state the time and place 0,
sale, then at such time and place, or Al
such other time and place as the sal,
may be adjourned to, he shall offer t
the highest bidder, subject to the pro
visions Of this act, and shall sell it upo,
the following terms, viz: Either 70
cash, or one third of the purchas,
money to be paid at the time Of pur
chase, and the balance on credit no
exceeding ten years, with interest OF
the same at the rate Of ten per cent pei
annum; said interest to be paid at thu
Office Of the County Treasurer Of sale
county, on the first day Of January il
each and every year; but IN no cas-,
shall the land SO offered be sold for les
than its appraised value-nor shall any
member Of the Board Of Supervisors
the Clerk Of the District Court, an,
township trustee Of any person wht
was engaged in the division and ap
praiscmeht Of said land be directly O.
indirectly interested III the purchas.
thereof, and any sale made, where sucl
parties o. any Of them are 50 interested
shall be void and Of no effect