The Bottineau pioneer., 1889-08-29

than one-fourth OF all such lands shall
be sold within the first five years after the
same became saleable by virtue of this
section. No more than One-half Of the
remainder within ten years after the same
become saleable as aforesaid. The residue
may be sold at any time after the expira-
tiOn OF said ten years. The Legislative
Assembly shall provide for the sale OF
OF this Article. The coal lands OF the state
shall never be sold, but the Legislative
Assembly may by general law provide
tor leasing the same; the words "cOal
lands" shalt include lands bearing Ignite
coal.
Sec. 1855. The Superintendent Of Public
Instruction. Governor Attorney General,
constitute board of commissioners, which
shall be denOminated the "BOard Of Uni
versity and School Lands" and subject to
the provisions OF this article and any law
that may be passed by the Legislative
Assembly; said board shall have con.
troll Of the appraisement, sale, rental and
disposal Of all school and university lands,
funds arising therefrOm in the hands Of
the State Treasurer, under the limitations
of section 100 of this article. %a 4 .577 Y
SEC. 157. The county superintendent of
common schools, the chairman at the
county board, and the county auditor shall
constitute boards Of appraisal and under
the authority Of the state board of univer-
school lands within their respective cOun-
ties which may from time to time rec
ommend for sale at their actual value
under the prescribed terms and shall first
select and designate for sale the most val
liable lands. ~ z-
SEC. 158. No land shall be sold for less
than the appraised value and in no case
purchaser shall pay one-fifth of the price
in cash and the remaining four -fifths as
follows: One-fifth in five years, onefifth
in ten years. one.tifth in fifteen years and
one fifth in twenty years, with interest at
the rate of not less than six per centum
payable annually in advance. All sales
shall be held at the county seat of the
ate, and shall be at public auction and to
the highest bidder, after sixty DAYS adver-
'isement Of the same in newspaper of
general circulation in the vicinity of the
lands to be sold, and one at the seat of
government. Such lands as shall
not have been specially ,subdivided
shall be offered in tracts Of
one-quarter section. and those so subdi,
vided in the smallest subdivisions. All
lands designated for sale and not sold
within two years after appraisal shall be
reappraised before they are sold. No grant
or patent for any such lands shall issue
until payment is made for the same; pro-
vided, that the lands contracted to be
sold by the state, shall be subject to taxa
ton from the date of such contract. In
case the taxes assessed against any Of said
lands for any year remain unpaid until the
first Monday in October of the following
year, then and thereupon the contract of
sale for such lands shall become null and
void. .a 4 .
Sec. 159. All land, money or other prop.
erty donated, granted or received from the
United States or any other source for
School, Agricultural College. Deaf and
Dumb Asylum, Normal School or other
educational or charitable institution or
purpose, and the proceeds of all such
lands and other property so received from
any source, shall be and remain perpetual
funds, the interest and income of which
together with the rents of all such lands as
may remain unsOld shall be invi0lably ap-
and applied to the specific o.
jects of the original grants or gifts. The
principal of every such fund may be in
creased but shall never be diminished, and
the interest and income only shall be
used. Every fund shall be deemed
trust fund held by the state, and the state
shall make good all losses thereof @' &t&'
SEC. 100. All land mentioned in the
sold in the same manner and under the same
and subject to all the conditions
as to price and sale as provided above for
the appraisal and sale of lands for the
benefit of common schools; but distinct
and separate account shall be kept by the
proper officers Of each of said funds; pro-
vided, that the limitations as to the time in
which cohnnl 1onH mo 10 hon
only to lands granted for the support Of
common schools.
Sec. ISL. The legislative Assembly
shall have authority to provide by law for
the leasing of lands granted to the state
for educational and charitable purposes:
but no such law shall authorize the leas.
ing OF said lands for q longer period than
for pasturage and meadow purposes and
1t public auction after notice as heretofore
provided in case of sale; provided, that all
)f said school lands now under cultivation
may be leased at the discretion and under
The control of the board Of university and
school lands, for other than pasturage
and meadow purposes until sold. All rents
SEC. 1872. The moneys Of the permanent
school fund and other educational funds
shall be invested Onlyin bonds of school cor
1OratiOns within the state, bonds of the
United States, bonds OF the State Of |
North Dakota or in first mortgages on farm !
andS in the state, not exceeding In amount |
'ne-third of the actual value of any subdi- |
TisiOn on which the same may be loaned, |
uch value to be determined by the board |
# appraisers Of school lands.
Sec. 1853. No law shall ever be passed by |
he Legislative Assembly granting to any |
person, corporation or association any |
privileges by reason of the occupation, cul-
ivatiOn or improvement of any public |
ands by said person, corporation or assO-
'iation subsequent to the survey thereof by |
cultivation or Improvement of |
my public lands shall ever be recognized, |
Tor shall such occupation, cultivation or |
Improvement of any public lands ever be |
lsed to diminish either directly or Indirect |
y the purchase price OF said lands.
SEC. 164. The Legislative Assembly shall |
lave authority to provide by law for the |
'ale or disposal Of all public lands that !
rave been heretofore, or may hereafter be |
granted by the United States to the state
or purposes other than set forth and |
lamed in sections 15S and 159of this article |
And the Legislative Assembly in pr0vid- |
ng for the appraisement, sale, rental and |
disposal Of the same shall not be subject to |
he provisions and limitations OF this |
Irticie. 5T-7
SEC. 1876. The Legislative Assembly
hall pass suitable laws for the |
afe keeping, transfer and disburse-
lent Of the state school funds; and |
hall require all officers charged with |
he same or the safe keeping thereof to
i've ample bonds for all moneys and funds |
eceived by them, and if any Of said officers
no frHh hScA