The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-06-18

as the Frazier Bill, provided, however.
that the purchaser, or those claiming
through him, pay future taxes and
one per cent interest per annum on
the purchase price from the date that
this act takes effect.
Sec. 3. That no county shall issue
deed upon any tax certificate now
outstanding for period of five years
from the date that this act takes eff
feet. or until such time within the
five-year period that the Congress of
the United States shall have passed
| the Farmers Farm Relief Bill, pro-
Vlded that the owner or the person
claiming an interest in the real estate
terest on the amount that such prop
crty was or is sold for annually from
the date that this act takes effect,
provided further that in case such in
terest is not paid before the expira-
ton of any. year from the date that
this act takes effect that then the
prot of this act shall cease to
such person. and in all cases where
heretofore tax deed has been is
sued to the county. and the county is
then the owner. or any person inter-
ested in such real estate, shall have
the period during which this mora
torium is in effect to repurchase such
lands upon application provided such
purchaser within one year pays one
per cent interest annually OF the
amount of taxes due, together with
future taxes; such application. how
ever. must be made within one year
from the date that this act takes eff
feet.
Sec. s. That nothing in this act
shall be construed as preventing any
mortgage or lien holder from fore
preventing any creditor from obtain
ing judgment against debtor, IN
accordance with the provisions OF
law. nor shall it be construed to ex-
tend the time within which a subse-
quent mortgage or lien holder must
redeem from the foreclosure of prior
mortgagee or lien holder, but such
subsequent mortgage or lien holder
must redeem within the time limit
no See fixed : e T'na law anv nerson or per-
sons wishing to take advantage OF
this act to redeem real estate from
mortgage foreclosure or judgment
execution sale or from tax certifi-
cate or tax deed. or from the fore
closure or cancellation of land con-
tract by the state, shall file declar-
alton OF his intention so to do with
the Register of Deeds in the county
In which such real estate is located.
within six months after this act takes
effect and within six months from the
date of any such mortgage foreclo-
sure or judgment execution sale or
from the issuance of any such TAX
|
foreclosure or cancellation of any
land contract by the state, subsequent
to the passage of this act.
Sec. s. That we. the people of the
State of North Dakota, do hereby de-
clare that representation is still the
first law of nature and that this act
is passed under the police power OF
the State, and under the spirit of the
Constitution of this state. and more
especially under the spirit and pro-
visions of Sections /, 2 and EOS of the
Constitution.
Sec. 9. That all acts and parts of
acts in conflict herewith are hereby
suspended during the period that this
act is in force.
OUTLAWING CROP MORTGAGES
Submitted by initiative petition:
An Act declaring mortgages on
growing and unharvested crops to be
against the public policy Of this state,
and abolishing the same.
Be 1t Enacted by the People OF the
State of North Dakota:
Sec. /. That the people of this state
hereby declare that mortgages on
growing and unharvested crops have
become and are a public nuisance and
are menace to the public health,
welfare and well-being of the people
of this state, and therefore against
the public policy of this state.
Sec 2. That all mortgages on
growing and unharvested crops are
cages on growing and unharVested
crops hereafter taken shall be held
null and void and Of no effect.
| Sec. 3. That all acts or parts OF
acts in conflict herewith are hereby
repealed.