Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-10-14
THE BOND QUESTION.
The Bill Whfc1. Is to be Voted o.. at the
Coming Election.

/
AN ACT to provide for the recovery and destruction
| OF what are commonly known as Minnesota State
railroad bonds and the payment of certain claims
incurred in the building of certain railroads fol-
| which said bonds were issued.
/ WHEREAS, There is outstanding large number OF
documents commonly known as the Minnesota State
rairead bonds, the validity OF which the people OF
the State do not recognize, but which it is desirable
should be recovered, to the end that the may
| be destroyed. Therefore.
Be at enacted 6y the LeqiszatNre of the State OF
| Minnesota: ~ 81 es's
Section l. Alllapds donated to the State of Min
nesota for the purpose of internal improvements and
known as the five hundred thousand acres Of internal
| Improvement lands, and the funds arising from the
sales OF said lands shall be disposed of in the
provided for in this act the purpose of
ing the said bonds and the satisfaction of said
CLAIMS, to the end that the may be destroyed
But this act shall not be construed as in any
preventing the sale of said lands under existing laws
Sec. q. On and after the first (lst) Monday in
July, A. D. thousand eight hundred and seventy
nine (l879), the commissioner of the State land
once shall be ready to exchange said lands for said
whole Of said lands equal to the whole amount of
said bonds and claims, together with the unpaid
coupons. The Land Commissioner, with the advice
and approval OF the Governor, shall adopt such rules
| and regulations for exchanging the lands for the
SAID bonds and claims shall nearly practicable
secure to the holder Of each bond and claim equal
cnance 1or choice OF lands for each bond and claim
deposited for such exchange, or before said first
llstl Monday in July, A. D. thousand eight hun
bred and seventy-nine (1879).
| All bonds presented for exchange after said date
snail nave choice of land in the order presented.
DEEDS OF conveyance of said land SO exchanged shall
| of the sale of said lands.
Sec 3. The commissioner of the land Office shall
cause notice to be published in two (2) daily news
papers at the State capital, and in a. daily
paper IN each of the cities of Boston, New York,
Philadelphia, Chicago and Milwaukee, giving gen.
eral description and the location of said lands, and
the time and manner that the same will be exchanged
He nall also SIlch potic t,
be mailed to every holder of said bonds so far as he
shall be able to obtain the address of the same Such
publication and mailing of notice to be not less than
two months before said first (1st) Monday in july
as7 - one Thousand eight hundred and seventynne
Sec4. The land SO exchanged for said State rail
road bonds and claims shall be free from taxation
until sold, contracted to be sold or released or
used and cultivated by the grantees of the State
their legal representatives But such exemption from
taxation shall not extend beyond seven % years
from the first dst day of July, A. D. thousand
eight hundred and seyenty-nine q879).
Sec. B. The funds and securities derived from the
sale OF the internal improvement lands shall be re
garded and treated for the purposes of this act
equal to the number of acres of land from which de-
rived, and the holders of said bonds and claims may,
IN the order OF their choice, take the proper proper
ton of said funds and securities in place of land.
All money received from stumpage of said internal
improvement lands shall be apporhoned to the land
from which derived and shall 20 with said land as
part thereof. The State land commissioner shall
give certificate for any excess in number of
above legal subdivisions of said land, and when said
certificates are surrenderedsin amounts equal to
legal subdivision of land, they shall be received in
| exchange for the same.
Sec. A complete record of all bonds and claims
surrendered, shall be kept by the land commissioner
and the name and address, of the person from whom
received. All such bonds shall be destroyed by fire
in the presence of the Governor and attorney gen.
eral, who shall attest the fact of records
! Sec7. The claims or judgement of Mcdonald &
Graham, and of Fitz, Grindal & Keepers as recoe.
Oup hmm dam
| two q52), on page three hundred and eighty-eght
1889 Of special laws Of eighteen hundred and sixty
seven (l86D, and the claims hereinafter specified
shall be regarded and treated the same as equal
amount of said State railroad bonds and be received
| the same in exchange for said lands.
Sec .. There shall be commission appointed
by the Governor consisting of three (3) sinterested
PERSONS who shall examine all claims presented by
persons who did the work furnished supplies OF
material for the building of the railroads for which
such bonds were issued and which were never paid
| for by the contractors sub-contractors under
whose charge the same were done and furnished
and which claims evidenced by some order, &C
ceptance, book account or other writings; and fol
such claims shall be valid and unpaid, said com
mission shall issue numbered certificates for such
Indebtedness and such certificates shall be received
on the same basis as the bonds and for all the pur-
poses contemplated by this act; but claims shall
be received from contractors sub-contractors
| der any railroad company.
Sec. 8. Such commission shall advertise in al
least three (3) of the State papers having greatest
circulation, during period of two (2) weeks where
anu d. HNaG l1ey WILL near ana ascertain such
claims, such places being Owatonna Winona and ct
Paul. and shall make their report to the Governor by
the first 1st day of March, A. D. eghteed hundred
and seventy-nine Q879), giving detailed account OF
! the amounts of such claims allowed. Such com.
mission shall each be allowed compensation of five
$50 dollars per day and ten Qo) cents per mile 70,
each mile actually travelled in going to and returning
from the places appointed for the meetings Of said
commission. Provided, That such commission shall
not be allowed COMPENSATION for more than twenty
(20) days in the adjustment Of said claims.
Sec. 10. This act shall be submitted to vote Of
the people at the next general election in November
one thousand eight hundred and seventy-eght Q878)
The ballots for the adoption of this act shall be "Fo
the recovery and destruction of the railroads bonds
Yes.' The ballots against the adoption of this &C
shall be "For the recovery and destruction Of thu
railroad bonds, No." The returns of the election
the question shall be mad and the result ascertane6
in the provided by law for the election
Of State officers. If majority shall have voted fo
the measure, the Governor shall make proclamation
of the adoption of the same.
Sec. II. This act shall take effect from and afte
its passage.
Ammo we'd March O 1879