The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-06-20

as the Frazier Bill, provided, however.
that the purchaser, or those claimin q
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. b. That no county shall Issue
deed upon any tax certificate now
outstanding for a period Of five years
| from the date that this act takes ef-
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-
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 i'm
ton of any year from the date that
this act takes effect that then the
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
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
mortgagee or lien holder from fore
closing his mortgage or lien. or as
preventing any creditor from obtain
ing Judgment against a debtor, in
accordance with the provisions OF
law. nor shall it be construed to ex-
tend the time within which a subse-
redeem from the foreclosure of a prior
mortgagee or lien holder. but such
subsequent mortgage or lien holder
must redeem within the time limit
no Ssc fixed !; b Tna law any norson Or ner-
sons wishing to take advantage OF
this act to redeem real estate from a
mortgage foreclosure or Judgment
execution sale or from tax certifi-
cate or tax deed. or from the fore
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
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 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 l, and EOS Of the
Constitution.
Sec. 3. 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. l. That the people Of this state
hereby declare that mortgages on
growing and unharvested crops have
become. and are public nuisance and
are n 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
null and void and of no effect. !
Sec. ). That all acts or parts of
acts in conflict herewith are hereby |
repealed.