The Julesburg grit-advocate., 1916-10-26

same. and an Injunction may issue
without bond and a receiver be ap-
Foreclosure of lands under deeds Of
trust given to the state in accordance
with the foregoing provisions. shall be
upon the same terms and cOnditions.
except as herein otherwise provided.
as are prescribed by law for the fore
closure Of ordinary deeds Of trust to
of land commissioners or any officer or
representative of that board. or the
Of the attorney general shall have the
right to bid in. in behalf of the state,
SAID lands at such foreclosure sale, and
the same shall be subject to redemp-
like conditions as are lands sold un-
der deeds of trust in the ordinary
In the event that such lands shall
oe Din IN In behalf of the state as
aioGementioned. are not ssdeemed.
ssss aeeds shall "a be be executed by the public
such land shall thereafter be under the
cohtroi and direction of the state board
terms sna and SdpnnsSiiGners cnnsii; subject to all
hereafter may apply by law to public
snn6oi snc6 Iaands; lands; provided, however. that
OF the public school land, but shall be
treated and considered as in manner
hereinafter mentioned
AS soon as the deed from the public
trustee shall issue to the state. the
same shall be placed on record in The
proper county and the state board OF
facts to the state board of euuaiizatinn
or such other officer. board or bureau
maxi ,aay i.,,i.l hereafter "a have authority to
ing the amount due upon said loan To
the school fund. except that interest
aaf 10 IN ms purpose shall be charged solely
az .ne rate OF six per cent (6 per cent?
per annum upon the principal amount
Spo dt said note. note. together, with ali taxes
vded and Said the ana as pro
tion or such other officer, board or bu
re Tean mas. as may Ia, hereafter have authority
snail, at the next meeting where the
levy OF taxes for state purposes is
maze, mi include in said levy tax upon
of sufficient amount to % reimbur.e bur- s'afe. tbe
school fund for the amount OF said
snch tr.neiphal ta1 whan Interest and costs and
the state treasurer credited 70 +bss
state school fund. ~ '"e
"A a.! lands SO sold under foreclosure
such foreclosure by the public trustee ee
OF the county where the land is situae
iiHT' iist' pranar5 snaai be carried upon separate
board OF land commissioners and when
the same are sold by the state hoard
ceived CO da fep epmtmhissionsrs nm all moneys
, snail pc paid by the register of the
, state sta board OF land commissioners to
and @ credited Of the he State Of Colorado
!; said state, even though the amount Of Of
ssid 'ssa pure purchase price IS in excess OF or
iess than the amount of the original
thereon. interest
, corna IN tne event that foreclosure be-
comes necessary. the state board Of
general shall have the right to with,
,, draw from the custody Of the treas
@ urer Of the State Of Colorado ali pa
ana abstract of title belonging to said
therefor.
,nin.e;pe Az expenses OF appraisement and ex-
ANIMATION of the land, the examination
: . OF title. the recording OF the deed ~
: trust and any other expenses neces-
pad r the thak,pp apP,eant sa1d loan aSa shall be
board of land commissionerse ne mae mav
1lEm piisant time sch to time REQUIRE Of said ap.
I sary to defray said expenses.
' The state board Of land commission
ns,,,y es, may at ITS discretion. require the
y edL1x applicant. when the loan is made. to
buildings on the premises sc" Covered y 'hy hy
5 the dee deed Of trust, in favor Of the State
piaeed in hs Sneh INSURANCE policy to
I urer of the state with the note. ab-
! stract and deed of trust, and the failure
said d"e eodicp aPpiean. os to pay premiums upon
n become due, shall be sufficient cause
ior declaring the principal of said loan
IN the event that any. property upon
J. Shich the State of Colorado holds a
deed OF trust or loan made in the
manner nnnnnei aforementioned, shall. after the
execution of such deed of trust be in
cluded IN any irrigation district, drain
age district or any other district where
esy Is made ma ndn for lEeal public i'm
,, shall be subject to and subordinate TO
the lien Of the. deed of trust in favor
Y Of the state, which shall be in no wise
=. defeated by the lien Of such irriration
! district, drainage district or local pub
I lie improvement. '''
Neither shall any such land be sub
+ Ject to taxes which accrue for any pur-
q pose after public trustees deed there
\ 70 70 shall nave been executed in behalf
aboth Of the ntNr,a state - Of COLORADO herein
that In the event that there are taxes
! other than those arising out Of or in
\ connection with any irrigation district
, nistrlct OF any kind or nature. which
serye Is NECESSARY zee sin to pay in order to pre-
favoe 5he o ,be len OF the deed or trust in
land commissioners shall certify that
+ fact to the state treasurer giving the
a treasurer shall remit such amount to
r E the treasurer of the proper county. TAX
Ing IN ba MS raS regent therefor Such payment
y the debtor.
Applications for loans upon improved
D ldHuS snall,aS soon as practicable
t after the same have been received by
f the state board of land commissioners
. pc posted In some conspicuous place
r open to public inspection in the office of
: the state board OF land commissioners.
Y ana ana such notice shall give the name OF
f ne applicant. the amount of money ap-
piled for, the description of the proper
h ~ oHered as security and the time for
o which the loan Is desired. and all such
+ applications shall be conside red By the
y board In the order in which they are
p received.
o The state board Of land commission
: ers shall make all rules and regulations
v necessary for the effectual performance
y OF the terms Of this act. not inconsist-
ent herewith. and shall have the right,
at any reasonable time. to require from
r me state treasurer a statement Of the
r total amount OF money in the public
school fund, the amount invested and
q the manner in which 1t is invested, to-
gether with the time for which it is
Invested. the rate of interest which it
pears. and also the amount in said fund
a Section 3. That Sections 519s, 5199,
$500. 5201, 5202 5203, 5204, 5205, 5206,