The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-06-17

. deed upon any tax. certificate now
outstanding for a period Of five years
from the date that this act takes eff
feet, or until such time within the
the United States shall have passed
the Farmers Farm Relief Bill. pro-
vided that the owner or the person
claiming an interest in the real estate
sold for taxes pays one per cent In
terest on the amount that such prop
| erty 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
protection 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
still the owner of the real estate.
then the OWNER, or any person inter
| ested in such real estate, shall have
the period during which this mora
forum is in effect to repurchase SUCH
| lands upon application provided such
purchaser within one year pays enc 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 ef-
feet.
Sec s. That nothing in this act
shall be construed as preventing any
MORTGAGE or lien holder from fore
closing his mortgage or lien, or as
preventing any creditor from obtain
ing a judgment against a debtor. in
accordance with the provisions of
law, nor shall it be construed to. ex-
tend the time within which 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
now fixed by law.
Sec. Z. That any person or per.
sons wishing to take advantage OF
this act to redeem real estate from a
mortgage foreclosure or Judgment
execution sale or from a tax certifi-
cate or tax deed, or from the fore
closure or cancella ton of a 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
sure or Judgment execution sale or
| from the, issuance of any such tax
certificate or tax deed, or from the
| foreclosure or cancellation of any
land contract by the state, subsequent
to the passage of this act
Sec. 8. That we, the people OF the
State of North Dakota, do hereby de-
clare that self-preservation is stu the
| first law of nature and that this act
lis 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 1. and 208 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.
OUTLINING CROP MORTGAGES
Submitted by initiative petitions:
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 a. 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. =. That all mortgages on
growing and unharvested crops are
abolished, and that any and all mort
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.