St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-07
Board of Managers of the State Reform
School.
Countersigned and registered.

State Treasurer.
Sec 35. Upon the issuance of said certif.
cate as aforesaid the unpaid part Of the pur.
chase price therein mentioned. and all in.
tereSt thereon accruing, shall be and hereby
is pledged for the payment Of the amount
and interest Represented by such certificate:
and whenever any money is paid into the
state treasury On account of said unpaid
purchase price, and the interest thereon, the
state treasurer shall set aside and reserve the
same for the payment of such certificate and
the interest thereon; provided, that the
amount so set aside from the interest paid
upon such purchase price in any year shall
not exceed the amount of interest maturing
in such year upon such certificate. And in
case of the forfeiture and a resale of any Of
the lands described in any such certificate as
in this act provided. the entire profits of such
resale are hereby pledged and shall be set
aside and reserved for the payment of said
certificate and the interest thereon in the
same manner and with like effect as in this
section provided in reference TO the unpaid
part of the original purchase price thereof
and interest thereon.
SEC. 30. The state treasurer shall pay such
certificates and the annually maturing inter-
est thereon according to the terms thereof
upon presentation OF the same by the owner
out of the said moneys pledged and set aside
therefor, as aforesaid; and if such money
pledged and set aside is not ct that time suf-
fcient for that purpose, he shall pay the
same or so much thereof as may be necessary
out of any money belonging to said reform
school fund not otherwise pledged or appro-
priated.
SEC. 81. Whenever, in the judgment of
said board OF managers, it may be desirable
to pay the principal OF any such certificate
which by the terms thereof is payable, and
there are moneys to the credit of said reform
school fund available for that purpose, they
shall notify the state treasurer thereof. and
said treasurer shall thereupon call in and re-
deem such certificate. Fer this purpose he
shall nnh1iSh in zach wool for fhraa
successive weeks in newspaper published
in the capital of the state a notice which
shall specify the date, number and amount
OF the, certificate SO to be redeemed,
est thereon will cease at the expiration
of thirty days from the date of such notice,
and also notify the holder thereof By mail if
his postofice address be known to such
treasurer. Such publication shall be sufi-
cient notice to the owner and holder Of such
certificate of the said call therefor; and the
certificate SO called for shall he paid and re-
deemed by the state treasurer upon surrender
thereof to him at any time after the date OF
said notice; but in no event shall such GER
tificate bear any interest from and after the
date Of said notice. Upon the surrender OF
any such certificate as aforesaid the same
shall be Cancelled by said treasurer. and the
pledge Of the revenues arising from the sale
Of the lands therein described shall thereby
cease.
SEC. SO. The state treasurer shall, when
ever requested by the board of managers, pay
to the treasurer of said board all moneys i'll
his hands standing to the credit of said re-
form school fund; provided that no such
payment shall be made so as to impair the
charges against said fund in this act SET aside
as security in condemnation proceedings
aforesaid until such proceedings are deter
mined, nor the charges against said fund SCI
aside and pledged for the payment of said
certificates as aforesaid.
SEC. SO. The expenses Of plating saiG
lands, recording said plat, and advertising
ard making the sales aforesaid, shall be paid
out of the said reform school fund.
Sec. 40. All acts and parts of acts incOn
sistent with this act are hereby repealed.
Sec. Al. This act shall take effect and be
in force from and after its passage.
Approved February 2S, 1889.