The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-11-02

debtors are at the mercy Of their
| creditors; and whereas hundreds and
thousands of families have already
lost their homes through mortgage
! foreclosures or other judicial proceed
! lngs: and whereas hundreds and
| thousands more will lose their homes
unless adequate relief is given: there
! tore, in order to prevent the utter
| ruin and destruction of agriculture.
, commerce and industry aud the COL
! lapSe of civil government and in or
! der 10 maintain the integrity Of fam
lies and their homes. and the public
: health, welfare and morals Of the peo-
pie of this State, partial morator-
ium for "A period Of three years is
| hereby declared on all existing in
| debtedncss at the time that this act
istakes effect, including taxes and debts
! due by individuals to the state, coun-
! ty. or other political subdivisions, ex-
cept that the benefits of this act shall
not extend TO corporations. nor shall
they extend to any person. who. upon
an order to show cause before any
district court. is found upon compe-
tent evidence to be financially able 10
pay such Indebtedness without sacri-
! ficing his home, lands or farm chat
tells or sacrificing his goods or chat
tells with which he creates wealth for
a living or which are necessary to
maintain his family.
! See. >. That it shall be unlawful
! for any sheriff. deputy sheriff or his
agent or any other official of this
state to levy upon, attach, seize or
ever nature, other than excepted in
Section l hereof, under an execution
. issued upon a judgment or upon any
other indebtedness existing at the
! time that this act takes effect for a
! period Of three years, provided that
such judgment debtor or other debtor
/ pays one per cent interest upon such
/ judgment debt or other debt annual
! ~ from the date that this act takes
effect. provided further that in case
F.; such interest is not paid before the
| expiration of one year that then the
protection of this act shall cease as to
such debtor.
Sec. 3, That upon an execution OF
| foreclosure sale Of real property. or
upon an execution or foreclosure sale
of real property heretofore made up
on which sheriff's deed has not yet
issued. no such deed shall issue for a
period of three years, and the debtor
shall be entitled to redeem for a per-
iod Of three years from the time tina,
this act takes effect, and he shall be
entitled to the possession, rents. uses
and benefits of the property so sold
from the date of such sale until the
ton. provided that the debtor or the
person claiming an interest in such
real estate pays future taxes, togetl.
er with one per cent interest annual.
~ on the amount that such .property
that in case such interest is not paid
before the expiration Of any year thai
then the protection OF this act shall
cease as to such person.
Sec. 4. That the state shall no.
foreclose or cancel any land contrac
during the period that this morator.
ium is in force, and that In all cases
where the state has heretofore fore
closed or cancelled such contract ant
then the same shall be reinstated up
on the application Of the original pur
chaser, or any person claiming
through him. upon the payment o.
one per cent interest OF the amour
due within one year from the. dat
purchaser or anyone claiming through
such purchaser shall have a period o
three years within which to compl,
with the terms and conditions of sucl
purchaser. or those claiming through
him, pay future taxes and one pc
cent interest per annum on the pur
chase price from the date that thi
Sect. S. That no county shall is
sue deed upon any tax certificate
now outstanding for a period Of thre,
J years from the date that this act take
effect provided that the debtor or tn
per cent interest annually on tn
, amount that such property was or 1
sold for, provided further that in cas-
, such interest Is not paid before tn
expiration OF any year that then tn
, protection Of this act shall cease a
. to such person. and In all cases wher
heretofore tax deed has been issue.
to the county, and the county IL still
the owner of the real estate. then tn
former owner, or any person inter
: ested in such real estate. shall haV
) the period during which this norator
5 ium Is in effect to repurchase sucl
) lands upon application. provided sue
purchaser pays one per cent interes
$ annually Of the amount Of taxes dut
] together with future taxes: such ap
| plication. however. must be mad
RI within one. year from the date tina
r this act takes effect.
Sec. s. That nothing in this ac
s shall be construed as preventing ar
: MORTGAGE or lien holder from fore
e closing his mortgage or lien, or a