The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-10-29
The kickoff was slated for 2 D. m.

rency. which caused under consump-
ton and produced starving millions
throughout the nation; and whereas
taxes have been steadily increasing
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
their existence upon aGriculture; and
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 COL
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 a 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 to the state. coun-
~, or other political subdivisions, en-
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-
ficinE his home, lands or farm chat
tells Or sacrificing his goods or chat
tells with which he creates wealth for
living or which are necessary TO
maintain his family.
Sec. 2. That it shall be unla " full
for any sheriff, deputy sheriff or his
agent or any other official of this
state TO levy upon, attach, seize or
sell any personal property of what
ever nature. other than excepted in
Section 1 hereof, under an execution
issued upon Judgment or upon any
other Indebtedness existing at the
time that this act takes effect for a
period Of three years, provided that
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 All 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 a per-
Tod 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-
err with one per cent interest annual.
ly on the amount that such property
was or is sold for; provided further
before the expiration OF any year that
then the protection OF this act shall
cease as to such person.
Sec. I. That the state shall not