Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-03-11

Willis Ot0plan ran
For Easy Homes
For People OF N. D.
CONTINUED from Page 10
ton from the Industrial Commission
and placing it in the hands Of the
commissioner Of agriculture. This
amendment will be initiated by the
Independent Voters association.
It's said that r. A. Paddock, a st.
Home Builders association. MI. Pad
dock did excellent work at Bismarck
for Messrs. Townley and Lemke. He
was n Of the paid attorneys on the
star Of the legislative bureau. He
had much to do with Senate Bill 1874,
the vicious administration measure
which is designed to strip Minnie J.
Nelson Of much Of her powers as
superintendent Of public Instruction.
The day the state affairs committee
decided to report this bill out for
that body and told why I'VE" had
written the bill, whey 'we" had put
certain provisions in and why "'we'
would like to have it passed. 1t. was
passed, so 1--WE" must get our reward.
But back to the bill! 1t creates the
Home Building association of North
Dakota, which shall be operated,
managed and controlled by the Indus
trial Commission. The commission is
given authority to acquire by pur-
chase. lease or exercise Of the right of
property and property rights" and to
construct, repair and remodel build
tngs, having strict regard for economy
in the administration of its affairs"
The bill defines Home Buyers
leagues, and gives the commission au-
thority to invest the association funds
in building or purchasing homes
within the state for members Of the
league. The funds can be derived
from the sale Of bonds issued by the
state, or from appropriations made
received by the association. No home
Is to be built, or purchased, or sold at
a price to exceed five thousand dol
lars. except in the case of farm
homes, in which cas- the selling price
shall not exceed ten thousand dol
lars" The word home" means a
dwelling house. within or adjacent to
Ia town, village Or city, together with
such equipments as are customarily
used n connection with a dwelling
house." The words farm home"
mean "a, tract Of agricultural land to-
gether with a dwelling house. a barn,
and such other farm buildings and
equipment as are c~ustomarily used in
connection with a farm home"
The association is directed to make
a speciality of building standardized
houses, barns and other buildings and
equipments"
Section Z, which provides for
| standardized buildings, also gives the
commission the right to step out and
build towns and cities. It says:
"For it's uses the Industrial COM
mission may acquire suitable tracts OF
land. by purchase or by exercise OF
the right of eminent domain, deemed
by the commission suitable tosaccom-
plish the purposes of this act; and
may subdivide such land into lots, and
lay out streets. sidewalks, parks and
gardens. therein and build homes on
said lots, as provided for herein, and
supply them with water. light and
heat"
/ The method of obtaining a home is
similar to that followed in the opera
ton of the Federal Farm Loan act.
Any individual is permitted to open
a home-buying account with the as
ISOLATION "by applying in person, by
mail or through a Home Buyers
League, a trade union, a woman's
club or any other recognized indus
trial, social or civic body" In order
that more people may own their own
homes special efforts shall be made
to secure deposits from children,
young people, renters and wage earn
ers." These deposits, together with
interest, may be withdrawn upon six
months notice.
The interest ate on deposits and
loans is not to exceed six per cent per
annum.
Ten or more depositors may form a
Home, Buyers League. This league
must be authorized by and registered
with the industrial commission Each
league is to elect q secretary-treasur-
er as an executive officer, who 'shal1
be the agent of the association and
shall perform such other duties as
the industrial commission may pre-
SCRIBE"
In regard to deposits and the pur-
chase Of a home, Section IL of the
bill says:
Whenever a member of a Home
Buyers League shall have deposited
| with the association a sum equal to
twenty per cent Of the total selling
price Of a home or farm home, the
association shall, upon his applica-
l1Ous puIC1AdSe UT Ou1lu SUCN nome OF
farm home n convey it to him upon
a cash payment Of twenty per cent,
the balance to be secured by a pur-
chase money mortgage on the prop
erty, and to be paid on an amortiza-
ton plan by can of a fixed number
Of monthly installments sufficient to
cover; first a charge on the loan. at q
rate to be determined by the indus
trial commission; second, a charge
for administration and surplus at a
rate not exceeding one per cent per
annum on the unpaid principal, said
two rates combined constituting the
interest rate on the deferred pay
ments: and. third. such amounts to
be applied on the principal as will
extinguish the debt within an agreed
period, not less than ten or more than
twenty years. Additional payments in
sums OF twenty-five dollars or any
multiple thereof, for the reduction of
the amount OF the unpaid principal,
or the payment of the entire princi-
pal may be made on any regular in
sta1lment date, under the rules and
regulations of the Industrial commits
sion. In case of any accident. crop
failure or other event, which reduces
half. all payments under such con-
tract MAJ in the discretion Of the in
dustrial commission be extended from
time to time for q period Of one year
provided, however, that on the pay
ment Of all installments such further
annual payments shall be payable as
will pay the interest, with interest
thereon, for the years for which. no
payments were made"
Each member Of every Home Buy
ers' League Shall be Jointly and sew
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