New Ulm weekly review. [volume] (New Ulm, Minn.) 1878-1892, 1891-04-29
Commissioner ct the Land ofacs ok tbs etGts
Of Minnesota, = ..

Commissioner Of the Land ofacs ok tbs s>ss
9ERrIF1cATs o. THB 4oAHD OF KANAaYHs.
We. the board Of managers Of the Minnie
sofa State Reform school, do hereby certify
that We have caused to be borrowed upon
this certificate FOR the use Of said school, the
. sSn Of S.; that the same Is payable on
interest at the rate of 6 per cent pcr annum
f5 rse this dss date paysGe the
each Year; and that DO sal. diam amount
a sd;l interest is 90 payable q sfore-
said to'-----, or bis order. on presentation
OF this certificate to the state treasurer Of the
State Of Minnesota at his Office =. the city Of
St. Paul. Minnesota. .5, ~. .......:
Issued and dated this. :. day Of .........
bqas {I Of Manager. Of liz hininsioi1 lsss..s
Reform School. e" ~,
Countersigned and ~ -
vs. ".Bit::it s;' fiTe;sai:,.
ero. AZ. The said loan and loans herein
provided for shall not in the aggregate ex-
coed the sum Of one hundred and fifty thou
sand dollars (S150.ODO).
They shall be so adjusted tina. not more
than fifty thousand dollars (S5o, OOO) thereof
shall become PAYABLE IN any one year, nor
shall any part OF the principal thereof be-
come payable within one year nor after ten
interest at any rate exceeding SIX 90 per cent
per aunum, payable semi-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
ent.
SEQ. II. Upon payment to the state
treas treasury BY the person from whom any such
titcale stated, the said treasurer shall insert
IN the certificate OF said board the date there
ct, and the name Of the person to whom the
same Shall be payable, and shall number and
countersign the same, and deliver such cor
tihcnte to such person.
Said treasurer shall make and keep In book
by him 70 be provided for that purpose, Q
register Of saf1 certificates. ana OF any assign.
countersigned and issued by said treasurer.
shall for all purposes be conclusive evidence
that all the requirements OF law relative to
the Issuing Of the same have been fully com
lawfully entitled to receive the amount and
interest therein specified from the state, In
accordance with the terms and contents Of
such certificate.
loans shall! BY tho state treasurer be placed TO
the credit Of tho reform school fund,
aud Is hereby set aside and appropriated
for the purpose OF the erection aud
] pRhno Of th the ,, M s,
nent site for said school in tho county Of
Goodhue, for the uses and purposes thereof.
The state auditor. whenever 80 requested BY
the board Of managers, shall draw and de-
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.
SEQ ID. Upon the issuance OF the oertin.
oates aforesaid, the said lands in said resolu.
tons described shall be thereby set aside az
security, and shall be disposed Of for the pay.
ment Of the said loans 90 made. And oil the
proceeds hereafter arising from the sale Of
any OF 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
terest thereon; provided, however, that
whenever the whole amount Of such pro-
ceeds Of such sales shall be more Ihan sufa.
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-fve (s5} 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 tho unpaid part Of such purchase
prizes Of the land so sold.
SEC. AZ. The state treasurer shall pay said
certificates and the eemi-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 as afore.
said and If at any time such moneys are in
sufhcien, for that purpose, he shall advance
aud pay the deficiency out of any other mon
eys in the treasury not otherwise appropri-
ated, and al amount sufficient to meet such
by appropriated for that purpose, such
appropriation to be an annually con-
fully paid. - 1..
SEC 49, The board Of managers when
ever ther deem it expedent 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
teen a, %; eighteen gs9, ana I. twenty t20 Of the
once In each year hereafter offer for sale as
in said section seventeen UO provided, all Of
the aforesaid lands, except such parts there
temporary uses Of said school, as in section
four O. Of said act is provided.
SEC. -. Section twenty-seven 60 Of said
chapter two hundred and htty-eight (25S) Of
General Laws for one thousand eight hum
dred and eighty-nine Qss9) is hereby amend
ed by striking out the provise to said seeGon,
and inserting in place thereof the words fol
lowing to-wit: Nothing In this got shall DO
so construed as to authorize the said board to
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. T. =--.,.-ts, =
SEQ. 81. Nothing in this act contained
shall be 30 construed as to in any manner
prevent or restrain the Said board of man.
ayers from selling any Of the lands in section
I OF the act hereby amended described. or OF
disposiug Of the proceeds thereof. as is IN said
act provided. at any time before the loans
herein provided for are N ade, nor to prevent
or restrain the said board from so selling ana
disposing of the proceeds Of any Of said
lands, which may remain unsold after the
said loans have been fHlly paid. Said board
OF managers are hereby authorized ana d.
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
against any part OF said Ingersolls addition
owned by the state OF Minnesota, or said
managers as such. ~.
SEC. 81. All acts and parts OF acts incon.
sistent with this act are hereby repealed 30
far as they affect the provisions thereof
SEC e > This act shall take effect and be
In force from and after its passage,
Approved April IL. 1891
CHAPTER 1885, F. NO. 218.
An Act to amend section two of title ssK,, Of
chapter Ell ct general laws Of 1889. relating
to the disbursements OF the appropriatio1
mentioned therein. Ia =
Be it enacted BY the Legislature Of the State
of Minnesota 5tra; ass.s ~ :
SrCrrnN That eeot,o,, <,,,r M =. 40,