Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1885-10-09

equally open to all; aud to adopt all suit.ble
means to secure to the people the advantage and
opportunities of education.
SEQ. 2. All proceeds of the sale Of public lands
That have heretofore been or muy Hereafter be
given by tho United States, for lha use ri public
schools in the state, all such per c.ntn,a rs nsy
DE- sEanted BY the United States o.. in. sales Of
PUBIC lands, the proceeds of all pryuerty that
silal! iau to tile state by escheat, TIVE plocee,s Of
all gifts Or donations to the state FOR public
schools Or not otherwise appropr lated by the
Qulred for public schools shall be and remain a
perpetual fund for the main cnaucs Of puklic
s s,nS hs1 n tn the ,s state; 1t shall be deemed a trust
ever remain inviolate, and may be Increased
but shall nsynr be diminished, and the state shall
make good I'll losses thereof which may in anv
SEC. 8. Tho interest and income OF this fund.
together with the net proceeds of all fines Ter
violation Of state laws, ind all other sums which
may be added thereto by law, shall be faithfully
used and applied each year for the benefit of tho
public schools Of the state, and shall be for this
purpose apportioned among and between all tie
several public school corporations of The stste,
OF school age, as may, be fixed by law; and no
part OF the fund, either principal or interest,
Shall be diverted. even temporarily, from this
purpose, or used ior any other purpose whatever
than inc nlalnten;nce OF public schools for tho
sqnal benefit of all the people Of the stata,
SEC. 4: After one year from the assembling of
s sts,o h re the lef f1n;4mI eth tho no lanas granted to tho
schools, may be sold upon the following condi-
ti9ns, and no other. NUt more than one-third Of
all suoh lsndss shall be sold within the first i've
hirst tftaen years after the title tt ereto is vested
IN the state. and the legislature shall, subject te
the provisions OF this article, provide for the sale
OF the same.
The commissioners of school and public land.
the state auditor and the county superintendent
or schools OF the counties ~eevernly ahau
eonssiso a1 boards saSoo Ct ,. appraisal and shal
counties which they may from time
to time select and designate for sais at their
actual value under the terms of tho sale. They
sh i take care 70 first select and designate for
certain all such lands as may be of special and
peculiar value other than agricultural, and cause
the proper subdivision Of the same in order
Sec: 5. No lands shall be sold for less than the
appraised value and in no case for less than ten
dollars an acre, unless after the year A. D.. 1900.
o eMo eGnse Gi1actin lgsislhHthn a n,s concur il e law
one fourth Of the price in cash and the remain.
ing. three-fourths MS follows: One-fourth
n hfs y Sn sf{e ene- foa,s , il ten years and one.
the rate OF not loss than six per centum per an
mum, payable annually in advance; but ali such
s L lands may DO sold for cash, provided
year in advance, the balance Of the purchase
price may bs paid at any time. All sales shall Be
at public auction. to tho highest bidder, utter
sl1tv days. Advertisement Of the same in a news
paper OF general circulation in the vicinity Of
the lands to be sold, and one at the seat Of gov
ernn.ent. Such lands as shnll not have been
specially sqbdivided shall be offered in tracts Of
y,ided IN tho smallest subdivisions. All lands
designated. for sale not sold within four years
after appraisal. shall be reeppraised by the board
sSe sp s2s as5d. as hereinbsfore provided, before
Sfo.8. All sales shall be conducted through
tne ofhos ct the commissions of school and pub.
nc Lands g may % prescribed by, law, and ne
said office. No sale shall operate to convey any
right or title tn any lands for sixty days af,er the
aae thereof. nor until the same shall have the
provided by law: No grant or patent for any
made.
s.. :. All lands. money o. other property do:
States OF my other source for a university, aRri.
cultural college, normal school or other educa-
uonal or Charitable institution or purpose, and
80 received from any source, shall be and iemaia
perpetual funds, the interest and income OF
which, together With the rents Of all such land as
ated and applied to the specific objects Of ths
original grants or gifts. The principal of every
such! fund may be increased, hut shall never b.
d a,,n11 he hnesda.as and the intercet and income only
q trust fund held by the state, and the state shall
make good all losses therefrom that shall in any
SEC. 8. Ailands mentioned in the preceding
section shall be appraised and sold in the samo
manner and BY the same officers and boards un.
der the same limitations, and subject to all the
e sidsa a6nSs Il fd to t Shs5e appr sdls AMID and a% spEs of l1 prG:
for tho benefit of public schools, bnt q distinct,
and separate account shall be kept by the proper
officers OF each of SAID funds.
Sec. 9. No lands mentioned in this article
shall be leased except FOR pasturage and meadow
PURPOSES: and a public auction after notice rs
hereanbetore provided in case of sale, and shall
ton. All rents shall DO payable annually in nd.
vance,, and no term of letso shall exceed five
years. nor shall any lease be valid until it 70.
ceives the approval of the governor.
Sec. 10. No claim to any public lands by any
tresp:asser thereon by reason of occupancy, cul.
'iration or improvement thereof, shall ever be
recognized, nor shall compensation ever be
made on account of any improvements made by
such tTespassers.
SEQ. II. The moneys Of the permanent school
and other educational funds shall be invested
lands within the state as hereinafter provided, or
in bonds of school corporations within the state.
or in bonds Of the United States, or Of the state
Of Dakota. The legislature shall provide by law
the method of determining the amonnts OF said
funds which shall be invested from time to timo
in such classes of securities respectively, taking
care to secure continuous investments as fara
possible.
AL moneys of said funds which may from time
to time be designated for investment i'll farm
mortsagce and in the bonds of school corpora
tons, shall for such purpose be divided among
the organized counties Of the state in proportion
to population as nearly as provisions by, law Ia
The several counties shall hold and manage
main responsible and accountable for the prinei-
pal and inte1est, Of al snch moneys secured By
them from the date Of receipt until returned be
cause not loaned, a an a IN case OF LOSS l.as TO an!
shall make the Same gocd out of its common roy
enue. Counties shall invest said moneys il
bonds of school. corporations or in first mort
their limits respectively but no farm loan snail
exceed five hundred doltels to any enc person
nor shall it exceed ene-hslf the yaluatisn Of TIL
tereat shall not be Less than six per centum pc
annum and shall be such other and higher rat
as the legislature may provide and shall be pay
able emi-anpnua!ly on the the t1st days Of @asua a..
moneys Of said fund in any county amounting t
one thousand dollars that cannot be loaned ae
cording to the provisions of this section and an
turned to tho state treasurer to be entrusted
some other county OF counties, or otherwise IL
vested under the provisions of this section.
Each county shall esmi-annnally on the hr
the condition Of the funds entrusted to it, to Il
auditor of state, and the same time pay to OF a
count to the state treasurer for the interest dl
Ou all luuO6 6uGTu6l6O W "
The legislature may provide. by general Ia
that counties may retein from interest collectt
in excess of six per centum per annum upon q
funds intrusted to them not to exceed one p
centum per ennun. But no county shall! be 9
empted from tho obligation to make semi-annu
payments to the state treasurer of interest at Il
rate provided by law for said leans, except. on
said one per contum; and in no case shall the i
tereet 80 to be paid be less than six per centu
per annum.
The Legislature shall provide by law for t
safe investment of the permanent school a
other educational funds, and for the prompt q
lection of interest and. income thereof, and
oaryr out the object and provisions of this 80
ton.
SEC. II. The governor may ~disapprove any sal
lease or Investment other than such AZ are i
trusted to the counties.
Sec. Is. AL lorses to the permanent SCHOOL q
other educational funds Of this state which ehs!
have been oocasioned by the detalcation, negN
gsnce, mismsnagement or fraud Of the agent
or officers controlling and managing the sam
shall be audited by the proper authorities of Il
state. The amount so audited shall be 9 perm
nent funded deht asainst the state in favor
the fund sustaining the loss, upon which not lie
than six PEI centum Of the annual interest sh'
be paid. The amount Of indebtedness SO Great
shall not be counted, az g apart Of the indeote
SEC. II. The legislature shall provide by Ia
for the protection of the school lands from t7e
pass or unlawful appropriation, and for their d
Tense against all unauthorized claims or etfsr
to divert them from the school fund.
SEQ. ID. The legislature shall make such pr
visions by general taxation. and by authorizin
the school corporations to levy such addition;