St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-07

De delivered 10 anu lieu Will Lu6 Stllu COLL
missioner of the land Office.
SEC. 81. The said commissioner shall
thereupon issue and deliver to the state treas
urer certificates which shall contain descrip-
lions of certain of the lots Of lands sold, as in
this act provided, the date Of such sale, the
total amount of the purchase price thereof,
the total amount Of the then unpaid part Of
such purchase price, and the times and terms
of the payment thereof, and Of the annual
interest thereon. Such certificates shall also
recite that, under and by virtue Of this act,
the said board Of managers are authorized to
borrow upon such certificate the amount OF
money to be therein specified, with interest
thereon ut q rate not exceeding that In said
resolution Of said board stated, and also that
such amount and interest is payable out
Of the. said reform school fund, and
that all moneys received as interest
upon and in payment Of said unpaid part
of the purchase price OF the lands therein
described are by virtue of this act pledged to
the payment Of the amount so borrowed and
the interest thereon; and when received will
be set aside in the state treasury for that
purpose. Such certificates shall be num-
bered and shall be issued under the hand Of
the said commissioner and the seal Of his
office, and Shall be SO adjusted that the
amount OF said unpaid purchase price en-
braced in each certificate shall not exceed
sixteen hundred dollars.
Sec. 80. The said board Of managers shall
indorse upon such certificate Of said COM
a majority of them, as such board, to the
effect that they have caused to be borrowed
thereon for the use Of said institution the
amount therein stated, that the same Is pay
able aud becomes due at the times reSpec-
lively and bears interest at the rate therein
to be specified, and that the same is payable
to the person therein to be named or his
order at the Office of the state treasurer.
SEC. SO. Upon payment to the state treas
urer by the person fir . u whom such loan is
obtained of the amount in such certificate
stated the said treasurer shall insert in such
certificate of said board the date thereof and
the name Of the person to whom the same
shall be payable, and shall countersign the
son. The amount so paid shall be placed to
the credit of said reform school fund. And
the said treasurer shall make and keep a
register of such certificates and any assign
ments thereof in books to be by him pro.
vided for that purpose. If any Of said cert.
fcates shall not be used as Aforesaid within
six months after the delivery thereof to him,
the said treasurer shall return the same to
said commissioner, and the same shall be by
him Cancelled.
SEC "a. The certificates Of the said COM
missioner and of the said BOARD Of managers
may be In substance as follows to Wit.
COMMISSIONERS CERTIFICATE.
To all men to whom these presents shall
come. greeting:
/. A. B., commissioner Of the land Office Of
the state Of Minnesota, as such do hereby
certify that under and by virtue Of an act OF
the legislature of the state Of Minnesota ap-
proved ---, and entitled IAN Act Relat-
ing to the State Reform School," the follow
ing described real estate situate In the county
Of Ramsey. In said state. being part OF the