Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-02-26
The Blu.


An act to dispose of the 100000 acres of in
ternal improvement lands and to encourage
the settlement of the same.
Be 1t enacted By the legislature Of the State o,
| III Minnesota.
Section l.. The 500 900 acres of land which
this State has received, or which it shall re-
| celve hereafter, under the sixth section Of the
act of Congress, approved Sept. 4, 1871, and
| the proceeds thereof, are hereby set apart as a
ternal improvement fund, and said lands and
proceeds shall be disposed of only in the man
ner following:
Sec. 2. The said lands yet unsold shall be
appraised with the least practicable delay by
the State land commissioner at their relative
value at such prices as together with the pro-
ceeds of said lands already sold shall equal the
aggregate of the State railroad bonds and the
Judgments and claims referred to in the act of
the Legislature, approved March a. 1870, with
the unpaid interest thereon, said appraisal to
be approved by the Governor
Sec. 8. ANY holder of said bonds, judg-
| ments,aor claims is hereby authorized to de-
| post with the said land commissioner said
bonds, judgments, or claims or any part there
OF, and receive in return land warrants signed
by said land commissioner and attested by the
secretary OF state in such legal subdivisions Al,
the said holder may elect, which shall entitle
him to a portion of said lands by legal sub-
division remaining unsold equal at the ap-
praised value to the amount of the bonds, iudp-
ment or claims deposited, with accrued and
unpaid interest, said land warrants shall bear
no interest and shall be made transferable and
may be located upon any of the said lands IN
disposed OF at its appraised value.
Sec. 4. When and after all of the said lands
shall have been disposed of in accordance with
the provisions of this act, the proceeds of such
OF the said lands as shall have been sold for
cash or its equivalent, shall be devoted by the
State land commissioner to the purchase OF the
SAID warrants then outstanding, on such terms
| as may be prescribed by him with the approval
of the Governor. Provided, That in no
case shall greater price be paid
for the said land warrant per acre than the ay
erage of the appraisal of the said lands required
by section two of this act
Sec. D.. Said lands, when sold or disposed of
IN accordance with the terms of this act, shall
be subject to taxation the same with other
| lands owned by private individuals.
sec. b. he deposit Of said bonds judgments
and claims contemplated by this act is intend
ed to embrace I'll unpaid coupons or other items
OF interest thereto attached or in any wise per
tanning.
Sec. 7. All Minnesota State railroad bonds
SO deposited as aforesaid, or received in ex-
change for land warrants as hereinbefore pro-
vlded, shall be cancelled by the land commits
sloner and state treasurer in presence of the
Governor, and never be reissued.
Oec' o. Luis acG snail be submitted to the
electors of this State for their approval or re-
lection, at special election to he held
on the -, 1879; the ballots at
such election upon the question
submitted shall have written or printed thereon
as follows: Those in favor of the act Payment
OF bonds with lands-Yes." Those against the
| act, Payment of bonds with lands-No,'' The
! polls at said election shall be opened during
the time, and said election conducted and the
| returns thereof made and certified in the man
ner now provided by law for casting canvass
ing and returning votes for State officers. ex-
| cept that said returns shall be made to the Sec
rotary OF state within thirty DAYS after said
| election, and within ten days thereafter the
! secretary of state, in connection with the Gov
ernor and State auditor, shall canvass the re-
turns so made and if il shall be found that a
majority of those voting at said election have
| approved of this act, then the Governor shall
| issue his proclamation declaring said result.
| and thereupon the act shall take effect and be
! in force.
Sec. 8. Nothing contained in this act shall
be SO construed as to have the effect of an ac-
knoWledgment on the part of the
| State of any or greater obligation of any kind
that did not exist prior to it's passage.
| Sec. III. 1t is the true intent and meaning
| OF this act that interest upon ali of the said
railroad bonds, judgments and claims referred
to heretofore IN this act shall cease, and deter
mine from and after the date of the proclama-
ton OF the Governor hereinbefore provided for
| in section of this act.
Sec. IL. This act shall take effect and be in
force from and after its passage.