Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1878-10-17
Minnesota State Railroad Bonds.

Minnesota State Railroad Bonds.
Pm Text u l.awts be Bubnitsea e svo.e.
ofthe People DC tho OeaainE Electien.
CHAPTER IS. I
ANACT to provide for the recovery and de-
Minnesota State railroad bonds, and the
payment Of certain claims incurred in the
building of certain railroads for which said
bonds were issued. 81
WHEREAS, There is outstanding a large
,umber of documents commonly known as
he Minnesota State railroad bonds, the valid
ty Of which the people Of the State do not re-
covered to the end that the same may be de-
,troyed, therefore. ...
Be 1t enacted by the Legislature of the State
of Minnesota: z.ri$ II 7t.7fqsssFsE.ls9 ~
section1. All lands donated to the State of
Minnesota for the purpose Of internal i'm
and known as the five hundred
acres of internal improvement lands
lands, shall be disposed of in the manner pro-
yided for in this act for the purpose of recov-
ering the said bonds and the satisfaction of
said claims, to the end that the same may be
destroyed. But this act shall not be construed
as in any manner preventing the sale of said
lands under the existing laws.
Sec. 2. On and after the first Monday in
July, A. d. one thousand eight hundred and
Q87V the commissioner of the
State land Office shall be ready to exchange
said lands for said bonds and said claims, at q
rate and proportion that shall make the
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 ex-
changing the lands for the said bonds and
claims, as shall as nearly as practicable secure
to the holder of each bond and claim, an equal
chance tor choice of lands for each bond and
claim deposited for such exchange, on or be-
fore said first Monday in July, A. D. one thous-
and eight hundred and seventy-nine Qs79):
All bonds presented for exchange after said
date shall have choice of lands in the order
presented. Deeds Of conveyance of said land
so exchanged shall be made in the manner
now provided by law in case Of the sale OF
said lands.
Sec. 8. The commissioner of the land Office
shall cause notice to be published in two
daily newspapers at the State capital, and in
Boston, New York, Philadelphia, Chicago
and milwaukee, giving general descripti N
ana the location of said lands, and the time
and manner that the same will be exchanged
for said bonds. He shall also cause such notice
to be mailed to every holder Of said bonds, 50
far as he shall be able to obtain the address OF
notice to be not less than two months before
said first Monday in July A. D. one thousand
eight hundred and seventy nine Q879).
Sec. 4. The land so exchanged for said
State railroad bonds and claims shall be free
from taxation until sold, or contracted to be
sold orr leased or used and cultivated by
the grantees of the State or their legal repre-
alton shall not extend beyond seven years
from the first day of July, A. D. one thousand
eight hundred and seventy mine (187O.
Sec s. The funds and securities derived from
the sale of the internal improvement lands
shall be regarded and treated for the purpo-
of land from which derived, and the holders
of said lands and claims may in the order OF
their choice, take the proper proportion OF
said funds and securities in place of land. ALI
money received from stumpage Of said inter
nal improvement lands shall be apportioned
to the land from which derived, and shall 60
with said land as a part thereof. The State
land commissioner shall give certificate for
any excess in number of acres ofland to which
bond would be entitled over and above legal
subdivisions of said land, and when said certi.
fcates are surrendered in amounts equal to q
legal subdivision of land, they shall be received
in exchange for the same.
Sec. 6. 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 pres
ence of the Governor and attorney general
who shall attest the fact of record.
Sec. z. The claims or judgements of Nc
Donald & Graham, and of Fitz, Grendall &
vod mr. oof fNrf in
ter one hundred and fifty-tw Q52), on page
three hundred and eighty-eight (388) of spe-
cial laws of eighteen hundred and sixty sev-
en- Q867) and the claims hereinafter speci-
fed, shall be regarded and treated the same
as an equal amount of said State railroad
bonds and be received the same in exchange
for said lands.
Sec 8. There shall be commission ap-
pointed by the Governor consisting of three
disinterested persons, who shall examine all
claims presented by persons who did the
work or furnished supplies or materials for
the building of the railroads for which such
bonds were issued, and which were never
under whose charge the same were done and
furnished, and which claims are evinced by
some order, acceptance, book account or
other writing, and for such claims as shall be
valid and unpaid, said commission shall is
sue numbered certificates for such indebted
ness and such certificates shall be received o
the same basis as the bonds and for
no claims shall be received from contractors
or sub-contractors under any railroad COM
paay.
Sec. 9 Such commission shall advertise in
at least three of the State papers having
greatest circulation, during q period Of two
weeks, where and at what time they will hear
and ascertain such claims, such places being
n r1o11
make their report to the Governor by the first
day Of March, A. D. one thousand eight
hundred and seventy nine QS79), giving a
detailed account of the amounts of such
claims allowed. Such commission shall each
be allowed compensation of five dollars per
day and ten cents per mile for each mile &C
tualy travelled in going to and returning from
commission. Provided, that such commits.
sion shall not be allowed compensation for
more than twenty days in the adjustment of
said claims.
Sec. 10. This act shall be submitted to q
vote of the people al the next general election
in November, 1878. The ballots for the adop.
1 oa of da as ast shall d be Sr q. the
bonds-Yes." The ballots against the
adoption of this act shall be For the recovery
and destruction of the railroad bonds-No.'
The returns of the election on the question
shall be made and the result ascertained in the
same manner provided by law for the election
Of State officers. If majority shall have voted
for the measure, the Governor shall make
proclamation of the adoption of the same.
Sec. II. This act shall take effect from and
after its passage.
Approved March 9, 1878.
The Brave Southern Towards.
We want our readers to stop just for
one moment and look at this matter.
These nurses who have gone out of the
pure air of their homes to plague-strick-
en- towns, to handle and tenderly care for
dead and dying men, who are utter
strangers to them, need higher courage
than any soldier marching into the thick
of battles. They gain nothing neither
nav nor plorv. Their victories are not