The Julesburg grit-advocate., 1916-10-19

tss a9os.:y s:.:6:i .hs :A:,I ,..s, :,
such other procedure as may be nsees-
ssEy and appropriate 20 recover the
;s:u: :ns s.:s Z: .sS .' ;. ':S: :S:
Toree,osure Of lands under SssSs Of
trnst fiv:n to the state II aoeSrAsnes e
upon ths same terms and conditions.
eIespt a. herein othervise IrovideA.
BY d:. .s 70, the ers to
the public trustee and the state board
Of land commissioners or any ofhcer or
r::.ps.sentativs Of that board: o. The tns
of the attorney senerai shsii have the
right to bid In. In behalf of the state,
*: !:s Il =.
tioa in the same manner and under
like conditions as are lands sold un-
der deed: . Of trust in the ordinary
In the event that such lands shall
e bid ,1 IN behalf Of the sssss ss
sssss.. sssSs 'ns 70 the Re stsss ef Golorsdo snd
such land shall thereafter be under the
control and direction Of the state board
term. % and conditions which now or
school lands: provided. however. that
treated and considered as in manner
hereinafter mentioned:
.ru.,.s 'Vl :h:ii E issue zee. to the state. sss
same shall be placed on record In the
proper county and the state board OF
sne board ~ as
or such other oMcer. board or bureau
as may hereafter have authority to
make ieyies in aha Of the e.n sy 70
the school fund. except that interest
for this purpose shall be charged solely
At the rate Of sig per no cent g per momt, cent
due on said land as hereinafter pro-
vidsd and the state board OF sG1.iiaa "a,
reAu A. may hereafter have authority
t. make levies in behalf Of the state,
shall. at the next meeting where the
made. include in said levy = tax upon
all taxable property within the state.
Of sufaeient @ smount enn to o reimburse m .fS ths
loan. principal. interest and costs. and
such tax. when collected. shall be. by
the state treasurer. credited to the
All lands % sold under. foreclosure
such foreclosure by the public trustee
Of the county where the land !: nats;. sit.t
list properly. designated by the state
board Of land commissioners and when
the same are sold BY the state board
ceived for the purchase Of such land,
shall be paid BY the register OF the
state board Of Land @ Sommd,sioners y, Ga,nr.do 20
said state. even though the amount Of
said Hussh:se price is IN efee., exc n,,no' Of OF
loan. together with the interest
thereon.
In the event that foreclosure be.
comes necsssa.y. the state ,s board .,n1,sY Of
general gene shall have the right to With
urer Of the State OF Colorado all pa.
and abstract Of title belonging to said
therefor.
All expenses OF appraisement and ex-
Of title, the recording Of the deed Of
trust, and any other expenses neces-
sary for making. said loan. shall Be
board boar of land commi ssioners may.
from time to time. REQUIRE Of said ap-
plieant. such deposit as may oe neces-
sary to defray said expenses.
ers, may at its discretion. require the
applicant. when the loan 10 made. TO
carry appropriate insurance on the
the deed Of trust in favor of the State
Of Colorado. such insurance policy to
be placed in the custody Of the treas
stract and deed of trust, and the failure
OF the applicant to pay premiums upon
said policy Of insurance when the same
for declaring the principal of said loan
due and payable.
In the event that any. property upon
which the State of Colorado holds a
manner man T aforementioned. shall. after the
execution of such deed Of trust. be In
cluded in any irrigation district. drain
nse IN oss!1'i ievy is or mads 2 }or local public im
shall be subject to and subordinate to
OF the state. which shall be in no wise
by the lien Of such irrigation
drainage district or local pub
lie Improvement.
ject to taxes which accrue for any. pur-
pose after public trustees deed there.
to shall have been executed in behalf
above provided for: provided, however,
that in the event that there are taxes
other than those arising out OF or In
drainage district. or local improvement
district Of any kind or nature. which
is to dnsG IN order to
favor of the state. the state board of
land commissioners shall certify that
fact to the state treasurer, giving the
amount OI suCH taxes anu tHe stdtc
treasurer shall remit such amount to
the treasurer Of the proper county. TAX.
Ing his receipt therefor. Such payment
to be made from the school fund and
charged as part Of the loan against |
the debtor.
Applications for loans upon improved |
farm lands shall,as soon as practicable |
after the same have been received by |
the state board of land commissioners.
be posted in some conspicuous place |
open to public inspection in the ONCE Of |
the state board OF land commissioners, |
and such notice shall give the name OF |
the applicant, the amount of money ap-
piled for. the description Of the proper |
ty offered as security and the time for |
which the loan Is desired. and all such |
applications shall be considered BY the /
board In the order in which they are
received.
The state board of land commission
ers shall make all rules and regulations I
necessary for the efrectual performance |
Of the terms OF this act not inconsist- |
ent Herewith. and shall have the right.
at any reasonable time, to require from
the state treasurer a statement OF the |
total amount of money in the public |
school fund. the amount invested and |
the manner in which it is invested, to-