Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1872-01-04
The School Law OF Indiana.
ARTICLE No. 2.

The school law holds each county re-
sponsible for the school fund which she
holds in trust. Should any of the fund,
By mismangement, be lost, the county
must make it good and from any cause
should the interest not all be paid. the
commissioners must order it paid out of
the county treasury; and when the
treasurer collects sufficient amount Of
interest. the auditor draws his warrant
on the treasurer in favor of the county,
for the amount advanced to make the
interest full.
The superintendent of public instruc>
ton, who is the legal expounder of the
school law, recommends that the inter-
estsfor the year, be squared at the Oc-
tober settlement; and as the commits
sioners are not in session at that time,
he recommends, for standing order for
the auditor to draw his warrant on the
treasurer; to make up any deficiency
that might arise in consequence of the
non- payment of interest.
The auditor and treasurer are required
by law, to report to the commissioners at
their June term, relative to the school
fund held in trust, by the county, dis
tinguishing in said report between the
congressional township and common
school funds; indicating the amount
thereof, the additions to them within
the current year then ending; the
sources from whence such additions are
derived, the condition of them as to
their safety; giving the aHlount thereof
safely invested, unsafely invested, &C.,
giving the amount of interest collected
during the year and the amount due
and unpaid
"The commissioners, in the presence
of the auditor and treasurer, examine
said reports, the accounts and proceed
ings of said officers, in relation to said
funds, and the revenue derived from
them"
''They shall compare with said re-
ports, the cash, the notes, mortgages,
records and books of said officers, with
a view to ascertain the amount of said
funds and their safety, and do whatever
may be necessary to secure their pres
ervation and the prompt payment Of the
annual interest thereon"
"The commissioners shall make re-
port in writing of the result of their ex-
animation, showing the amount of said
funds at the close of the last year, amount
added from fines and forfeiiures, and
from other sources, and give general
detail ofthe operation of the funds since
last report; such report shall be signed
by the board, auditor and treasurer and
recorded on the commissioners record
and copy sent to the state arditor and
superintendent of public instruction"
The county auditor loans the school
funds for FIVE years, not more than five
hundred dollars to one persons.
The applicant furnishes an abstract
OF title, and files the certificate of the
clerk and recorder that there is no in
cumbrance on the land he proposes to
mortgages, in either of said offices.
The law makes ample provisions for
the auditor to secure the funds, and if
ne does not, he and his sureties are re-
sponsible. The borrower pays 7 per
cent. interest in advance. Allmortgaged
lands, on which interest is due and uu-
PAID on the first Of January, the auditors
required to advertise three week in some
newspaper, and on the fourth Monday
In March, sell the same for both pripci-
pal and interest.
The auditor adds the interes. derived
from the congressional township fund
e-the amount apportioned to the county
by the state superintendent, and makes
an superintendent on the I'd Mondays of
june and November. to the different
81
townships and incorporated towns, ac-
cording to the number of children be-
tween the ages of six and twenty-one
years. He then draws his warrants on
the treasurer for the amount apportioned
to each school corporation. The proper
trustees receipt to the auditor for the
warrants, and draw the money from the
treasurer.
Before closing this article, l will
venture suggestion to the township
trustees, free Of charge, and as mat
ter Of course they will use their own
judgment in the premises; that is.
70 draw warrants from the auditor for
ab ut the amount you need at the time !;
the money is safe in the treasurer's
hands. The losses that trustees have
sustained in the last few years, should
adnonish them to choose the safe way.
In my next [ will speak of the du.
ties OF trustees, in reference to the re-
quirements Of the school law.
T. McDoNA1n Examiner