New Ulm weekly review. [volume] (New Ulm, Minn.) 1878-1892, 1891-04-29
Commissioner Of the land Ofacs Of the 61gss
Of Minnesota, <

Of Minnesota. (
CERTIFICATES o. r1s SoAHD o. HAxAs1hs.
We; the board Of managers Of the Mime
sofa State Reform school, do hereby certify
that we have caused to be borrowed upon
this certificate for the use Of said school, the
Gum eur s OF 49,; that the same Is payable on
Interest at the rate Of s per cent. per annum
rss dsy q 9us and JanGsrg IN n
e ena ,6 yese; and that ssid aeun
OF this certificate to the state treasurer Of the
state OF Minnesota at his eface 1t the city Of
st. Paul Minnesota. .e.. NJ ~.
Issued and dated this. :. day 81 ..........
Board 81 M.n.sen Of IL; ain;;asioti STAT,
Reform School : -
Countersigned and 80.
' w. ''.sit; :it;;' fdls aaia;;
sro. AZ. The snid loan and loans herein
coed the sum Of one hundred and fifty thou
sand dollars (S15O.OcO).
-, They e. shall be 50 adjusted that not more
nan MY thousand dollars $50 0o) thereof
shall any part Of the principal thereof BE-
come payable within one year nor after ten
years from the passage of this act. OF bear
intefest at any rate exceeding SIX ~ per cen,
per annum, payable semi.annually. Subject
to these limitations the said board Of mana,
gers are hereby authorized to negotiate and
make such loans, upsu such time, terms and
IN such amounts as they may deem exped
ent. =
SEQ. A. Upon payment to the stat.
treasury by the person from whom any such
loan Is Obtained, Of the amount In such Ger
tihcate stated. the said treasurer shall inser,
IN the certificate OF said board the date there
OF, and the name Of the person to whom the
same shall be payable, and shall number and
counterstgn the same, and deliver such Ger.
tihcate to such person.
Said treasurer shall make and keep in book
DY him 10 be provided for that purpose, Q
register Of sail certificates. ana Of any assign.
mentS thereof Such certificate, when "a
couutersigned and issued by said treasurer,
Snail ior all purposes he conclusive evidence
s that all the rsqqirements Of law relative to
the Issuing Of the same have been fully COM
plied with. and that tho owner thereof il
lawfully entitled to receive the amount and
interest therein specified from tho state, IN
accordance with the terms and contents Of
such certificate.
SEC. IS. The moneys obtained upon such
loans shall by tho state treasurer be placed to
the credit Of tho reform school fund,
aud Is hereby set aside and appropriated
said school and the equipment Of the same,
and the suitable preparation Of the perma:
nent site for said school in tho county Of
u.
The state auditor, whenever 80 requested BY
the board OF managers, shall draw and do
liver to them his warrants upon the treas
urer therefor and said treasurer shall pay
such warrants out Of said funds delivered
from said loans.
SEC 4e. Upon the issuance OF the certth.
oates aforesaid, the said lands in said resolu-
lions described shall be thereby set aside az
security, and shall be disposed of for the pay.
ment Of the said loans 90 made. And all tho
proceeds hereafter arising from the sale OF
any or said lands shall be paid into the state
TREASURY. and shall therein be held and used
for the payment Of the principal and interest
Of said loans. and also to reimburse the state
for any moneys 1t may have at any time paid
or advanced on account Of said loans or in
terest thereon; provided, however. that
whenever the whole amount OF such pro-
ceeds Of such sales shall be mere than sufl.
cient to fully pay said loans and interest
and all advances thereon made by the state,
the excess Of such proceeds shall. by the
treasurer, be set aside and credited to the Re.
form school Fund: and shall be drawn, paid
out and used in the same manner and for
the same purposes as Is provided in section
forty-tive. (s5) o. this act: and provided
further that the words proceeds Of such
Sales as used in this section. shall be con.
strued to mean and embrace the actual cash
payments received at the time Of such sales,
and also tho unpaid part OF such purchase
price OF the land so sold.
SEC. AZ. The state treasurer shall pay said
certificates and the semi-annually accruing
Interest thereon, according to the terms
thereof, upon presentation Of the same, out
Of any moneys at that tlnle in the treasury
derived from the sale Of said lands as afore.
said; and If at any time such moneys are in
sufficient for that purpose, he shall advance
aud pay the deficiency out of any other mon
eys in the treasury not otherwise appropri-
deficiency, il any such exist Is here.
by appropriated for that purpose such
appropriation to be an annually cor
ttinpins appropriation until such loans are
SEC: IS. The board Of managers. when
ever they deem it expedient, may offer for
sale, and sell any or all Of the said lands. in
said resolution and certificate described in
manner as is provided for in sections seven
oct hereby amended: and the said board shall
once In each year hereafter offer for SALE as
In SAID section seven teen ~ provided, all Of
the aforesaid lands except such parts there
temporary uses of said school, as in section
four 4} OF said act is provided.
SEC. ~. Section tMenty.seven (27) Of said
chapter two hundred and 6tty.eight (a5s) Of
General Laws for one thousand eight hun
dred and eighty-nine (1Ss9) 10 hereby amend
ed by striking out the provise to said seesion.
ana inserting in place thereof the words FOL
lowing. to-wit: Nothing In this oct shall DO
(, make or,incur IN or about the erection and
completion of said buildings any indebted
ness or cost In excess OF the aggregate
amount ultimately derived from the sale Of
all of said lands as aforesaid. a-g.@
SEQ. Sd. Nothing in this act contained
shall be SO construed as to In any manner
prevent or restrain the Sold board of man.
ayers from selling any Of the lands in section
! OF the act hereby amended described, or of
disposing of the proceeds thereof, as is IN said
act provided, at any time before the loans
herein provided for are made, nor to prevent
or restrain the said board from SO selling and
disposing of the proceeds Of any Of said
lands, which may remain unsold after the
said loans have been fully paid. Said board
of managers are hereby authorized ana d.
rected to pay into the treasury OF the city of
due, all charges and assessments heretofore
or hereafter made by tho city OF ST. Paul for
local assessments. and also for water tar
sgainst any an part Of said 5ngersolrs addition
managers as such. y-
SEC. 81. All acts and parts Of acts fncon.
ststeat with this act are hereby repealed 10
This act ake eject ena
In force from and after its passage !
f Approved April Il. 1891
CHAPTER 130-S r. NO. c11
An Act to amend section two of title TX" Of
chapter 2Il of general laws Of 1889. relating
TO the disbursements OF the appropristionn
mentioned therein. 49, s. =
Be it enacted by the Legislature Of the Sts.s
OF Minnesota :sz5FE ~ Va
SECTION l. That section two g) OF nt,o
*" Of chapter 81 Of the general laws Of
one thousand eight hundred and eighty-nine.
entitled IAN act to appropriate money to aid
In building bridges and draining lands in
certain counties OF the state, ., be md the
same is amended, as follows: 9It -, Z
SEC. 2. That ]. E. Webster, John G, Fineld
and Ed. Rice are hereby designated Is =
committee on the part Of the state. whose
( duty it shall be to examine all the bills and
expenditure and make q report to the state
auditor of the same. showing the charscter
OF said bridge, the material used In its con.
struction and the cost of the same, and upon
receipt sof the said report the auditor shall
draw his warrant upon the state treasurer In
favor OF the county treasurer Of olmsted
county. Minnesota for the amount herein
appropriated, and the said moneys shall 30
disbnrsed by the said county treasurer on
tbs warrant OF the county auditor to the said
committee toward paying the expenses Of
constructing said bridge. Provided, that NO
money shall be paid ont Of the treasury
therefor until the said bridge q fully com
pleted and open for travel
SEQ. 9. This act shall take eject and - IN
force from and after its passage,
Approved March 1s 1ssl