Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1890-04-18

properly register and describe all bonds
and mortgages offered to them, and all
bonds and mortgages bought or taken by
manent funds under their control. Such
record books shall be ruled so as to enable
the board to register the name and resi-
dence of the person Offering to sell any
such bond or bonds or mortgages, and
name and residence or location Of the
% 1%ds, and on a a fnii and 1SI %asm su disc GHsf rs
of every bond, whether United States, state,
or school district, and the date, number,
series, amount and rate of interest of each
bond, and when the interest and principal,
respectively are payable; and such record
m shs!E be made Ssiers Of fns s gesyd such sSah bond soR na and
the question of purchasing the same.
Sec. 9. All the records and record books
of such board shall at all times be open for
the inspection of every member of said
board and other state officers, and any
member or committee Of the legislative
Sec. 10. All moneys belonging to the
permanent funds derived from the sale
of any Of the public lands, or from any
other source, shall be paid to and held by
the state treasurer, and be subject to the
order Of the board of university, and school
lands. The state treasurer shall also be
the custodian of all bonds, notes. mort.
cages and evidences of debt arising out
of the management of the permanent
funds derived from the sale of any of the
public lands of the state or from any other
source.
SEC. il. 1t shall be the duty of said
board of university and school lands, from
time to time, and as soon as may be prac-
ticable, to collect all moneys due and
owing to any of the permanent funds
under their control, and make investments
Of the same as hereinbefore required. If
onyy clrah ~ shall mn r,rroiI for
thirty days after the same become due and
payable, the board shall order the attorney
general to proceed to collect the same by
civil action, to be brought and prosecuted
in the name of the state.
Sec. IL. In the investment Of the perm
anent funds under their control, said
board shall authorize the state auditor to
draw his warrant on the state treasurer,
payable out of the fund invested, for the
purchase price of the bond or mortgages,
and q warrant payable out Of the annual
fund for any accrued interest that may
cages purchased; which warrants. previ.
GUS to their delivery, shall! be registered
by the state treasurer in a book provided
SEC. Is. The governor shall sign, and
cause to be issued under the seal of the
state auditor and attested by the secretary
OF state, patents conveying the title of the
state to the purchasers of any of the public
lands belonging to the state when the
terms of purchase ave been fully COM
piled with, and all rents and taxes due on
said lands have been paid; and the gov
ernor shall in like manner sign and cause
to be issued patents Of said lands, to any
purchaser of the right, title and interest
of the original purchaser, his heirs or
assigns, at al execution or mortgage sale,
upon presentment to him of the certificate
of the auditor that the whole amount of
principal, interest, rents and taxes due
thereon has been paid according to law,
and that said purchaser at execution or
mortgage sale is entitled to a patent to the
land described in such certificate.
SEC. IA. The fee of each parcel of said
land thall be and remain in the state until
patents are issued for the same respec-
lively upon full payment as aforesaid;
provided, that the lands directed to be
sold by the state shall be subject to taxa
ton from the date of u 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. And it is hereby made the duty of
the respective county treasurerS in this
state to certify to the state auditor a state
ment of all taxes remaining unpaid, on the
first Monday in October in each year, upon
any of the school or public lands held
! "AANSA IA VI AASALA WIN oLtSSS
which statement shall be made and for
Warded to the state auditor not later han
November first in each year. In case of
noncompliance by the purchaser, his
heirs or assigns, with the terms of the con-
tract of sale or with the provisions of law
applicable thereto, any and all persons be-
ing or continuing in possession of any such
lands after a failure to comply with the
terms of the contract as aforesaid, or with
such provisions of law as aforesaid, with
out a written permission of the board of
university and school lands, shall be
deemed and held to detain such land
forcibly and without right, and to be tres
| paSserS thereon.
SEC. Is. The register of deeds of the
several counties of this state are author
lied to record all patents issued by the
governor pursuant to the provisions of this
act; and the record thereof shall have the
same effect as the record of other convey
ances executed according to the laws Of
the state.
SEC. Is. The necessary incidental ex-
penseso of the board of university and school
lands shall be paid out of the state treasury,
and, upon satisfactory vouchers therefor,
the state auditor shall issue his warrant
for the same.
SEC. II. There is hereby appropriated
out of any funds in the treasury not other
wise appropriated the sum of ten thousand
dollars, or so much thereof as shall be
AuuIu hCSCSouIy " JIG pay AlsJ1l VI G1C
United States land office filing fees upon
said public lands to be selected as provided
in this act, and the further sum of five
thousand dollars or so much thereof as may
be necessary for the payment of the salary
II expenses of the agent selecting the
same, clerk hire OF the board, record books,
blanks, and such other expenses as shall be
necessarily incurred by said board in car
rying out the provisions of this act.
SEC. IS. There is hereby annually ap-
propriated such sums as shall be found
necessary for expenses of purchase, and
payment of accrued interest at time of pur-
chase, of investment bonds or mortgages
for the permanent funds under the control
of said board payable from the respective
fund for which said purchase is made.
SEC. 10. Whereas, it is necessary that a
law providing for the organization of the
board of university m school lands and
defining their powers and duties be in
effect Immediately, this act shall take effect
and be in force from n after its passage
and approval.
Approved March 20, 1890.
SHEEP INSPECTION.
Ian Act tn Amend Sactiona 1 2 q and 4 of Chan.