Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-08-27

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on appoint three intelligent free
holders Of the township 10 which
such lands belong, who arc in no
way individually interested In the
sale of said lands, as q Board Of
Appraisers /; or the Board of Super
visOrs may at their discretion, APP
point three of their own number to
constitute such Board of Apprais-
ers and the Board thus appointed
shall take an oath or affirmation to
faithfully perform the duties Of
their office ; and said Board Of APP
praisers shall submit a report to the
Board of Supervisors and 10 the
Board of School Directors, Of their
appraisal Of said school lands.
SEC. IS. Be it further enacted,
That the Board of School Directors
shall, before making such seal,
cause public notice to be given for
at least six weeks before the time
fixed for such sale, of the time,
place and terms of making the
same, which said notice shall be by
publication in not less than one
newspaper published in the county,
by written or printed notice, post
cd in at least ten public places in
the county. They may cause a re-
survey Of such lines as from any
cause may have become obliterated
or uncertain and the lines thus
surveyed shall be marked in such
manner as to enable those interest
cd in the purchase to make a thor
ough examination before the sale !;
aud all advertisements for the sale
of such lands shall contain full de-
scription thereof, according to the
original survey, and that required
by this act.
SEC. &c. BE it further enacted,
That in no case shall the lands be
sold in less than the minimum sum
fixed by the Board Of Appraisers,
and upon the following terms, TO
wit: Cash payment in full, at the
time of sale, or q credit of four
years aud in all cases Of
sales made upon credit, ten per
cent. Of the gross amount shall be
paid in cash, aud the balance In
four annual %instalments, the inter-
est upon which, shall be paid annu-
ally, ut the rate of ten per cent. per
annum. The notes shall be made
payable to the County Board of
School Directors, secured byspecial
mortgage on the land sold, and by
personal security in Solido, until
final payment of principal and in
terest. In case any purchaser or
purchasers neglect or refuse 10 pay
any Of these instalments or inter-
est, at maturity, the mortgage shall
be foreelosed, and the School Di-
rectors shall sell the land as herein
provided.
SEC. 81. Be It further enacted,
That the School Directors are here
by authorized and required to exc
cute all deeds Of sales on behalf OF
the township for any lands sold to
receive cash payments and notes
given for the purchase ofsuch lands.
SIC. IS. Be it further enacted,
That in case a majority Of the quail
flied voters Of the township should
be against the sale" Of the afore-
said lands, then it shall be the duty
OF the School Directors to secure
said land from injury or waste, and
exercise every reasonable precau-
ton to prevent illegal possession or
trespass of any kind.
SEC 80. Be it further enacted, That
the School Directors are hereby
authorized and empowered to lease
said lands in quantities not less
than five acres, for q term not ex-
ceeding five years. Such lease
shall only be made after due notice
shall be given by advertisement for
at least thirty days, in five or more
public places In the township, and
at least ten public places in the
county, Of the terms, place and time
when said lands will be offered for
lease to the highest bidder. A mini
mum price for the leasing of said
lauds shall be appraised by the
County Board Of Supervisors and
in no case shall the lands be leased
for a less sum than the appraised
rental value. In all cases o fleasing
saidl ands, ample security shall be
required tor the punctual payment
ofthe rent, and tor the protection of
said lands from all aud any kind OF
waste and injury.
SEC. 40. BE it further enacted,
That the County Treasurer shall
keep q separate account with each
Sub.School District, and with each
class Of school funds, as follows, to
wit: All moneys COLLECTED by
County or District tax, for school
house purposes and contingent
expenses, shall be designat-
ed as the School House
Fund !" and all moneys collected or
received for the salaries of teachers
shall be designated as the Teach
ers' Fund !" keeping separate ac-
counts Teachers Funds received
from State and ofthat raised by the
county. All moneys arising from
the sale or rental of the School Sec
tions shall be designated as the
"School Land Fund !" and all mon-
eys received arising from poll
taxes, fines licenses, for sale of in
~toxicating liquors, and keeping of
dram shops, and exemptions from
military duty, shall be designated
as the state School Fund" He
shall require all orders upon him
for the payment of school moneys,
to specify the fund on which 1t is
drawn, and the specific use to which
it is applied and in case there are
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