New Ulm weekly review. [volume] (New Ulm, Minn.) 1878-1892, 1891-04-29
CHAPTER 12a.H r. NO RI,

fifty-eight (25s) Of General Laws Of one
thousand eight hundred and eighty nino
dssD. entitled AN act relating to the state
reform school approved February twenty:
eighth (2sthl, one thousand eight hundred
and eighty. ninc {1Ss9. =..s
BE It enacted by the Legislature Of the State
Of Minnesota:
SECTION i. Chapter two hundred and fifty.
seisht (25S Of General Laws Of Minnesota for
one thousand eight hundred and eighty-nine
QeS9), entitled An act relating to the state
reform school," is hereby amended by adding
thereto the following sections, numbered
respectively az follows, to wit:
Section AZ. II the board of managers Of
the Minnesota State Reform school are at any
time unable, or deem it inezpedient to sell
any part of the lands described In section
one ii Of the act hereby amended. in tho
manner provided in said act, or are unable
or for any reason deem 1t inexpedient to
effect the loans provided for in sections 29 to
IS inclusive, Of said act, they may. and are
hereby authorized to. negotiate and make
loan or loans for the purpose Of completing
the erection and equipment Of the buildings
Tor the use Of said school npon the perma-
nent site therefor in the county Of Goodbue.
In form and manner as follows, to wit:
First-The said board SHALL by resolution,
declare that in their judgment it IS necessary
Offer the pur pose Of putting in condition for
occupancy the reform school buildings.
Such resolution shall also designate such lots
blocks and tracts of the present site OF said
reform school, in st Paul, and now known
as ID. W. Ingersell's addition to St. parl,
Minn.," as may then DO unsold; and shall. set
aside and reserve the same, and all proceeds
thereafter derived from the sale thereof, to
the State Of Minnesota, for the payment OF
the principal and Interest of said loans and
the reimbursement to said state Of any and
all moneys BY it paid OF advanced on &C.
count thereof. .5ss~
Second-A copy Of such resolutions en-
braced In a certificate, signed by the presi-
dent and secretary Of said board reciting the
fact and date of adoption Of sneh resolution,
shall be delivered to and fled with the COIN:
missioner of the land office Of the state. =,
Third-The said commissioner shall tha,e-
state treasurer certificates Under bis hand
and official seal, which she'll recite the fact
to negotiate and mako a loan OF the aggregate
amount in said resolution stated and That
they have set aside and designated the lots.
blocks, and tracts OF land in said resolution
described End all to Be asrysd
for the prompt and full payment of said loan,
and that in consideration Of such designa-
ton and setting aside Of said lands and pro-
ceeds, the State OF MINNESOTA guarantees the
said certificate shall also state that under
and by virtue OF this act the said board OF
managers are authorized TO borrow upon
therein specified with interest thereon, not
exceeding the rate OF six (B) per cent pay
able semi-annually; and that such principal
and interest are so payable upon presentation
Of said certificate to the state treas
urer, out OF the proceeds derived from
the sale Of said ia nds IL the same be SUM
cient therefor, and. ii not, then the deficiency
shall so be paid out Of any other moneys in
the state treasury not otherwise appropri-
ated. M .szs
Fourth-The said board Of managers shan
indorse upon such certificates OF said com
missioner their certificate signed by them, .or
majority Of them, as such board, to the ct
feet that they have caused to be borrowed
therefrom for the use Of said school the
amount therein stated; that the same is pay
able and becomes due at the times specified
and bears interest at the rata therein to be
specified, and is SO payable to the person
therein to be named, or his order at the Office
Of the state treasurer. st,gs IS ~,
Fifth-The certificates Of the said comma
siousr and Of the beard of managers may ha
in substance as follows, to wit: 81
coNNrssIoH's CERTIFICATE. 81
TO all men TO whom these presents sh6ll
come-3reeGng: /, A. B., commissioner or
the land Office OF the State Of Minnesota, do
hereby certify that the board Of managers Of
the Minnesota State Reform school, are by
An act Of the legislature OF said state, ap-
proved --, entitled. San act to amend
chapter two hundred and fifty eight (255l Of
the General Laws Of Minnesota for one
thousand eight hundred and eighty mine
QSs9), authorized 70 negotiate and make .
loan OF the a&greG1te amount Of