The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-10-22

PIE OF THE STATE OF NORTH
DAKOTA:
Sec. i. That whereas a public
emergency and crisis exists through
out this state cndanGcrinE the public
health, welfare and morals. i'll that
agricultural crops and products nave
been sold on an average below the
cost of production since W., ana all
agricultural land values have disap-
peared. due to the un"alled Tor de-
flation and manipulation of the cur
rencv. which caused under conSump-
throughout the nation. ana whereas
taxes have been steadily increasing
in spite Of the ieplorable condition OF
agriculture, and the cost OF living mas
been generally maintained: ana
whereas agriculture is the principal
industry in this state, and all other
industries are solely dependent for
their existence upon agriculture: and
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 ana
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 col
lapse of civil government and in or
der TO maintain the integrity OF lam
lilies and their homes. and the public
health. welfare and morals of the peo-
pie of this state, partial morator-
iunl for Il period of three years is
hereby declared on all existing in
debtedneSs at the time that this act
takes effect including taxes and debts
due by individuals 10 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 TO
pay such Indebtedness without sacrl-
ficing his home, lands or farm chat
tells Or sacrificing his goods or chat
tells with which he creates wealth Tor
a living or which are necessary to
maintain his family.
Sec. .. That it shall be unlawful
for any sheriff. deputy sheriff or ms
agent or any other official of this
state to levy upon, attach, selZe or
sell any personal property of what
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 q
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 sheriffs 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 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-
or 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 rne state shall no,