The Mena weekly star., 1918-06-27

Bonds" in an amoups not to exceed two per cent of the assessed valuation of all the property In the State. and Co place the proceeds in the state Treas ury in a fund to be known us the Ar kansas Rural Credits Loan Fuufr
 Section 5. Said bonds shall Dt fssued in denominations of S25.O0. sle9,ea. S500.00 and s1.J00.U0 and shall be is- thereof drawn to mature in not more than thirty-six years: nor shall s&td bona fide purchasers of land agereesG- Ing $lO.0OO,0 % have been filed with anl approved by the State Land Po&rd- Said bonds shall bear interest at the rate. of four per cent per annum and shall be exempt from taxation by tha state of Arkansas. or any of its sub-
 Section 1. Said State Land Board is authorized and directed to loan the
 moneys in said Arkansas Rural Credits
 Loan Fund to bona hue purchasers of farm lands In Arkansas, upon notes se-
 cured by mortgages or deeds of trust l lands in amounts which shall not ex- ceed seventy-ffte per cent of the Au-
 il of the State shall not be loaned ts ! any person to purchase more than ef
 acres of land, nor land valued at more of less than s20000 nor more hna i land.
 Section 5 Such loans shall not be made except to owners who operate
 and occupy lands mortgaged. and
 poses: ta) The payment for lands pur- | chase3; tbI the purchase of livestock and other equipment and the making
 of said board. will increase the pro- | ductivity of such lands or add to their value as farm home in degree fe l justify such expenditures and lc) for the. satisfaction of incumbrances upoz
 such lands. which, fin the, judgment q said board, were incurred ar assumed bN said annlIcant for fhR aforesaid
 Section 6. Every applicant for farm tion the purposes for which such loan Is desired, and upon its approval by
 the board this statement shall be deem der which the. loan Is granted. But no failure to apply such funds to the puT-
 s's.fo heren sueh sha loan when once made. nor shall any thing herein contained be deemed to
 or oreIi Ieasin@g @ lands ni sueiecs % sV to sucR - an cumbrance; but if he shall violate hts said contract by applying the moneys stated in his application or enumerated herein. or if he shall lease such iyr < or sell them to any person not fuiftl- ing he conditions and purposes pro ,ided for herein. said board Is author lzed and directed to reauire the rspay~ uaien' ae Vn suln loan upom FIX ,trt ,n,s Eeeatain clause providing therefor | with Interest Hrcfuihgs Tn annual fn~ .stailnents on7 the amqrli1a ales .,,.ss lgsueh dnffallmepts beug gxed at ,lls Suce -sunfs as viii cover the interest a ,fats i.sis I,rhe sbe agrsss, ep between said hazrd
 nd Iae sRRl ssls eszlea so GT sa. lisnrs.1 lfxt5 arls,s ssirtepy -rla ' iiasii&ets
 saa aFbunt 6f ssdSS plss se fI@f upAosw ananiamesfizatian Dasraant
 ss eciiED5SH T16aSs T16aSsqt taEtgg Etga ok intsq 'Hoa ffS4ffis SAall bg five fti ctsn .Defs an hum: % td ef faiker fIe gss e e bod d s4ai na fe fs- Pa duiiesj asAesn q Isiicano 0. 3s94 aniiinaHai Ifb afKsco iga pf1Ie cetsk ah tIe ls9n5-xtlfff-. tRe i!e eee1A slA 6 aS Rs aiee es tTafntn at idIBssf sttsla8ig gsgoTd ssdauszb q s hl e tgA3 sS5hl isS 1 4a as 2Se nf rnpAla6fe dlsl hshl3n sp1'bNiGed Tor issffsr lfpe vlgse lntarestsasfc 4alll Rf cshs aHsFe-
 sxpesisss e'sia ssss9l arEh h z fosa A @ @ ton of said system of rural credit1
 ahai ana bee6e ee eaf s's tind ressubs .o ss sssssr5e sassv sv saia skrEziisss Fss i J Credits Reserve rand shall be ainnhed
 st 4ogA fof th R rEaasas EaRa sss sfas credEEa aiaaf tansd fiAegfne sisaser erseati'sc-
 ans Inasa T Roaaf lStss Efedfts i' dY ena s slaH be- added to ffiHna ibetctne stl ssArt of it. Tine said Arkansas RNkTf ~ ffsats lieseT.sXe k.qp4 silalk be3lEred aeihts1 sx~ cep f1srt ft fffaa aS he- drdWff upoF c f s- fnHkHfst the state f6f Boss fHcu rfstss. tB | St4s e. dAfhistratlop of sa1R ssaUenw e lir 4Esa eetss1 ssw 5f 1aisg N
 hM sss 4 @sst @ d.1sl l veh 2 ~ aksss DC ss
 shall deem advisabia eur 1ttfes oHnrifaeg
 FiTE qsE sggng s2lngasAs kal s 9sf Tss9ns slss isdetf4ffs Eel sa fa91a lsss sElnAst the Wt9s of
 such loans as @nu klakI to atJfei q tg4sfs- hAn and holdings .nf lands. fnz, A+ss; A+s F 2 iliuteS =1f 'Eppcfffit rff zStfch sd aff h4rtls |0 zt s9l sfe eSs srls a fx ss hitfek <natse
 terms .opeEHth8 a Rd sF ssruaTN sssSed M tios .4sd M s.,s stsa t6e as Ra fssr fesr nila Ansefnzsnrfdssa sga ee Iantf 9p8s 2 ESSs rqS2a S tdhItH5s,ssf 2edItt 91s,sa rslsa asl ss Frea alaFions F oviHhH rsf.l fsss1F Wnt SAh-
 isft ko tzses nsekzi si2us ' he rsifs Hithaed.
 cSs Aff, dn a1 c.asises IS sa1n snIiiepk afaBAeraiT re RePl ee,l .i41sqzf far 9n1 Y, asr hes eeR4tel mmlans n2AzaJ siialf bsls ffas se utih ssia4v4 shall take effect and ee ip aresAtteHfes s9ss htsE sFt;s 5hsi5 d eRs@ges , que s4fF''oh nd Aufsf ovsafby fhs G0vsrnuF anHnased lqst.g 4qlsstsg fAss sa ,.fs M 'AstsaeFs'et z s'sfs
 Each eiecior nav vofe fsg or s9Yfnss flsp1 n bofe 2nenttnfcf{f
 ' ~ Itnesss my oificial siERt'fHre thk 'hs ss,5 s.,s dax q SPsaiI asa ls3s 5..s.s.4
 sscrstar