The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-11-01

flation and manipulation Of the cur.
rency, which caused under consump-
tion and produced starving millions
throughout the nation: and whereas
taxes have been steadily increasing
in spite Of the deplorable condition Of
agriculture. and the cost OF living has
been generally maintained: and
whereas agriculture is the principal
industry in this state, and all other
, Industries are solely dependent for
whereas there is at present no means
| by which existing mortgages and in
| debtedness can be refinanced, and the
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
| ings: and whereas hundreds and
thousands more will lose their homes
! unless adequate relief Is given; there
fore, in order to prevent the utter
ruin and destruction of agriculture,
commerce and industry and the coll
lapse of civil government and in or
der to maintain the integrity Of fam
lilies and their homes, and the public
health, welfare and morals Of the peo-
pie Of this State, a partial morator-
ium for period of three years Is
hereby declared on all existing in
debtedness at the time that this act
takes effect, including taxes and debts
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 to
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
hxrfn NQl. intf
maintain his family
Sec. 2. That 1t shall be unlawful
, for any sheriff, deputy sheriff or his
agent or any other official OF this
sell any personal property of what
ever nature, other than excepted In
Section / hereof, under an execution
issued upon Il 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
ly from the date that this act takes
effect. provided further that in case
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. 8 That upon an execution or
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 that
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
expiration Of the period Of redemp-
ton. provided that the debtor or the
person claiming an interest in such
real estate pays future taxes, togeth-
er with one per cent interest annual
ly on the amount that such property
was or is sold for: provided further
| that in case such interest is not paid
before the expiration Of any year that
then the protection of this act shall
cease as to such person.
Sec. 4 That the state shall not
foreclose or cancel any land contract
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 and
is still the owner of the land that
then the same shall be reinstated up
on the application of the original pur-
chaser. or any person claiming
through him, upon the payment Of
one per cent interest of the amount
due within one year from the date
that this act takes effect, and the
purchaser or anyone claiming through
such purchaser shall have period Of
three years within which to comply
with the terms and conditions of such
contract, provided however, that the
purchaser, or those claiming through
him, pay future taxes and one per
cent interest per annum on the pur-
! chase price from the date that this
act takes effect.
Sect. 5. That no county shall is
sue a deed upon any tax certificate
now outstanding for a period of three
years from the date that this act takes
effect provided that the debtor or the
person claiming an interest in the
real estate sold for taxes pays one
per cent interest annually on the
| amount that such property was or is
| sold for. provided further that In case
such interest is not paid before the
expiration of any year that then the
protection of this act shall cease as
to such person, and in all cases where
heretofore tax deed has been issued
to the county, and the county is still
the owner of the real estate, then the