The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1874-04-22
Acts Passed at the Recent Ses'
siou Of the General Assembly.

Acts Passed at the Recent Ses.
: siop Of the General Assembly.
AN ACT TO PROVIDE FOR THE HEUEMP-
TIoN OF FORFEITED LANDS, UToS
CERTAIN CONDITIONS THEREIN
MENTIONED:
Be 1t eaacted by the Senate and
House Of Representatives Of the State
Of South Carolina, now net and sitting
in General Assembly, and By the au-
thorisy os the same. ::s.s
SECTION I. That in all cases where
lands haye-been forfeited to the State
by virtue of existing laws, for the non
payment of taxes prior to the passage
of this act, and where the titles to
said lands still remain in the State,
the owners of said lands, or, if they
be dead, their legal representatives or
heirs at law, shall have the right, and
they are hereby authorized to redeem
the same, upon the payment Of all
taxes, costs and penalties due and ow-
ing upon the same within twelve
months after the ratification Of this
act and the county auditors Of those
counties where such lands are situate.
upon the payment Of such taxes, costs
and penalties within the time herein
limited, shall expunge the said lands
from, tho forfeited land records of their
respective counties: Provided, That
# the owners of said lands, or, if they
be dead, their heirs at law or legal
representatives. shall fail within the
time htoited to redeem said forfeited
lands as hereinbefore prescribed, then
any judgment creditor, mortgaggee, or
other person interested in sand lands
is hereby authorized to redeem the
said forfeited lands within three
months after the expiration Of the
time limited for the owners or heirs
of such person to redeem them, upon
the same terms and with the same
rights as are accorded IN the pro-
visions Of this act to owrers, or, If
they be dead, their legal heirs or re-
9rcsentatlves.
SEC. ,. That it shall be the duty
Of the county auditor Of each county,
after the time shall have expired pro-
yided in this act for the redemption
of lands which have been forfeited to
the State for the non-payment OF
taxes, to give notice of the sale Of the
same by advertisement in at least one
newspaper Of the county in which the
lands are situated, for thirty days prior
to the sale. or if there be no newspaper
in the county, in one which has the
largest circulation in said county at
the time of such sale. The said lands
shall not be sold at price less than
the assessed value of the same ct the
time they became forfeited to the
State. onc-third of the purchase mo-
ney to be paid down, and the balance,
with interest. in two annual install
ments:. Provtaed, however, If any
person elects to pay the full amount OF
the purchase money at once, he can
do so.
SEC. 8. That all moneys accruing
under the provisions Of this act which
shall be in excess Of taxes, penalties,
interest or claims upon the LANDS due
the State, shall be set apart and re-
tanned in the hands of the county
treasurer as q school fund for the
connty in which the forfeited lands
have been sold; the said fund to be
used for educational purposes only: to
Be appropriated according to the exist
i,:g laws ofthiS State.
SEC. +. That after the purchas, no.
ney shall have been fully paid, TO-
cether with the interest thereon, the
Governor is authorized and required
TO cause patent and patents to be Is
sued to any such person as may be the
bona tide purchaser, owner, assignee
or transferee of such lands or tene-
ments, under and by virtue ofany Ger
tifcates of sale, or uuder and by Vlr-
tue Of any assignment or transfer OF
such certificate: Provided, That IN
case If an assignment or transfer OF
certificate eofsale theperson applying tor
such patent shall give satisfactory proof
to the county treasurer Of the preceding
transfers and assignments.
SEC. 5. Tha: the county treasurer
Of cach county shall, on or before De-
cember Is of each year. report to the
General Assembly all lands sold under
the provisions of this. act, the cert't'
Gates of sale issued, and the terms, as
we'll as the amount of each sale, aid
the disposition Of the funds 50 derived.
SEC. 4. All money accruing to the
State under the provisions of this act,
except as provided for il section 8 tor
the schcol fund shah be paid over and
accounted Tor in the same manner rs
money received for taxes.
SEC. 7. That all acts: or parts ct
acts, Inconsistent herewith be: aud
the s".uc arc hereby, repealed.
Approved February IS, 4. d. 18Th.
An ACT To REQUIRE ALL lNsTlTt-
TioNs f,oING BUSINESS OR lend
ING MONEY AND RECEIVING IE-
iuslrs UHuER CHARTERS GRANTED
Ky THE sT..TE, TO PUBLISH QUAR-
'rrRLY STATEMENTS OF THEIR
BUSINESS AND CONDITION.
Be it cnacted by the Senate and
House Of Representatives Of the State
of South Carolina, now met and SIT
ting in General Assembly, and by the
authority Of the same:
SEcToN l. That all institutions
dc!us business in this State in lending
mu..ey and receiving deposits under
.c;s uf INCORPORATION granted by the