The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1891-05-07

inc sum or --, with interest thereon
NJ per rns sp 6ate not exceeding q. 10y per cen,
mat such interest and principal
are SO PAYABLE, upon presentation Of this
certlhcste to the state treasurer out Of the
proceeds derived from the sale Of said lands,
Il the same he then sufficient therefor and
II not then the deficiency shall be so paid
out OF any moneys in the state treasury not
otherwise appropriated
IN witness whereof, have hereunto set
my hand and affixed the seal Of nv ONCE at
the city Of st. Paul, Minnesota, this -
day Of, ls0e
oonmisaioncr Of the Land once Of the Stat,
CERTIFICATE OF RE BOARD OF xAxAsEas.
We, the board Of managers Of the Mime
sofa State Reform school, do hereby certify
this certificate for the use Of said school, the
the first day Of -, A. D. lse-, and bears
Interest at the rate Of s per cent per annum,
each yeaI;, and that said amount
and interest is 80 payable - afore-
sald 10 1000, or his order. on presentation
OF TINS certificate to the state treasurer Of the
state OF Minnesota at his Office at the city of
St. PAUL Minnesota
Issued and dated this. >. day Of ..........
A. D. 1S9- "
Board Of Managers Of III; Minnesota stan
Reform School
Countersigned and
'bhi t;stt;s' Treasurer.
SEQ. q. The said loan and loans herein
provided for shall not In the agsregate ex-
sand dollars (Sl50.0OO).
They shall be so adjusted that not moro
than fifty thousand dollars Csc, 0O0) thereof
shall become payable in any one year. nor
,orf nj fhn mfr al o.Nfh 10
come payable within one year nor after ten
years from the passage of this act or bear
interest at any rate exceeding six (O per cent
per annum, PAYABLE semt.annually. Subject
to these limitations the said board Of mana
gers are hereby authorized to negotiate and
make such loans, upon such time, terms and
IN SUCH amounts as they may deem expedt-
emit
SEQ. a. Upon payment to tho state
treasury by the person from whom any such
loan is obtained, Of the amount In such GER
tihcate stated the said treasurer shall insert
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
countersign the same, and deliver such GER
tifcate to such person.
Said treasurer shall make and keep In books
BY him to be provided for that purpose,
register OF sail certificates, ana Of any assign.
ments thereof. Such certificate, when so
countersisned and issued by said treasurer
shall for all purposes he conclusive evidence
the Issuing Of the same have been fully COM
piled with, and that the owner thereof 10
lawfully entitled 10 receive the amount and
interest therein specified from the state, IN
accordance with the terms and contents Of
such certificate.
SEC. As. The moneys obtained upon such
loans shall by the state treasurer be placed to
the credit Of the reform school fund,
for the. purpose of the erection ana
completion OF the necessary buildings for
said school and the equipment Of the same,
and the suitable preparation Of the perma..
nent site for said school in the county Of
Goodhue, for the uses and purposes thereof
The state auditor, whenever 50 requested by
the board of managers, shall draw and de-
liver to them his warrants upon the treas
such warrants out Of said funds delivered
from said loans.
Sec 49, Upon the issuance Of the certih-
Gates aforesaid, the said lands in said resolu-
security, and shall be disposed Of for the pay
ment Of the said loans so made. And oil the
proceeds hereafter arising from the sale Of
any OF said lands shall be paid into the state
for the payment Of the principal and interest
Of said loans, and also to reimburse the state
for any moneys it may have at any time paid
or advanced on account Of said loans or in
whenever the whole amount Of such pro-
ceeds Of such sales shall be more than suffi-
cient to fully pay said loans and interest
and oil advances thereon made by the state,
the excess of such proceeds shall. by the
treasurer, be set aside and credited 10 the Re.
form school Fund, aud shall be drawn, paid
out and used in the same manner and for
the same purposes as is provided In section
forty-tve. (45) Of 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 the 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 time In the treasury
derived from the sale of said lands az afore-
sufficient for that purpose, he shall advance
and pay the deficiency out OF any other mon
eys in the treasury not otherwise approDri-
ated, and an amount sufficient to meet such
by appropriated for that purpose, such
appropriation to be an annually con-
fully paid.
ever they deem it expedient may offer for
sale, ard sell any or all Of the said lands, in
said resolution and certificate described in
manner as is provided for in sections seven
act hereby amended; and the said board shall
once in each year hereafter offer for sale, as
In said section seventeen az provided all OF
the aforesaid lands. except such parts there
of as may have been by them reserved for the
temporary uses of said school. as in section
fonr ~ Of said act Is provided.
SEC. ~. Section tNenty-seven CD OF said
chapter two hundred and ffty-eight (25S) Of
General Laws for one thousand eight hun.
dred and eighty nine QSS9) Is hereby amend
ed by striking out the prOviso TO said section,
and inserting in place thereof the words fol-
lowing. t6-wit: Nothing in this act shall be
tn oIIth fho CatH h,a 81
make or incur In or about the erection and
completion Of said buildings any indebted
ness or cost in excess Of the aggregate
amount , gl,mately derived from the sale Of
SEC. 50. Nothing IN this act contained
shall be GO construed as to in any manner
prevent or restrain the Said board Of man
ayers from selling any OF The lands in section
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 seIlingani
lands, which may remain unsold after the
said loans have been fully paid. Said board
of managers are hereby authorized and al
rected to pay into the treasury OF the city Of
st. Paul, from time to time. as same becomes
due. all charges and assessments heretofore
or hereafter made by the city OF St. Paul for
local assessments: and also for water tax
owned by the R state Of Minneso.a ' or ssid
managers as such.
SEC 81. All acts and parts Of acts incon.
sistent with this act are hereby repealed 90
far as they affect the provisions thereof.
SEC. 81 This act shall take effect and be
in force from and after its passage.
Approved April II. 1891.
CHAPTER 130-S F. NO. 2la
An Act to amend section two Of title "K'' OF
chapter 27l of general laws of 1885, relating
to the disbursements of the appropriation
mentioned therein.
Be it enacted by the Legislature Of the State
of Minnesota:
SECTION 1. That, section two C2) Of title
* of chapter 271 Of the general laws of
one thousand eight hundred and eighty-nine,
entitled An act to appropriate money to aid
in building bridges and draining lands in
certain counties of the state" be aud the
same is amended as follows:
SEC. 2. That j. E. Webster, John C. Fif1eld
: and E. ]. Rice are hereby designated as a
committee on the Dart Of the state. whose
: duty it shall be to examine all the bills and
Z expenditures and make a report to the state
auditor Of the same. showing the character
: of said bridge, the material used in its CON
inn nj ho Of no ovI