The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-11-07

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
lngs: and whereas hundreds and
thousands more will lose their homes
unless adequate relief is given; there
| tore, In order to prevent the utter
ruin and destruction Of agriculture.
, commerce and industry and the coll
lapse of civil government and in orr
der TO maintain the integrity Of fam
| iiles and their homes, and the public
heaIth, welfare and morals of the peo-
pie or this State, a partial morator-
lum for 4 period of three wears is
hereby declared on all existing in
uebtedness at the time that this act
due by individuals to the state. coun-
ty, or other political subdivisions. eX-
cept that the benefits Of this act shall
not extend to corporations. nor shall
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-
ticlng 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 1t shall be unlawful
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 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
such judgment debtor or other debtor
pays one per cent interest upon such
| judgment debt or other debt annual-
| ~ from the date that this act takes
effect. provided further that in case
such interest is not paid before 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
| period or three years, and the debtor
shall be entitled to redeem for q 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-
! err with one per cent interest annual.
ly on the amount that such property
|
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 tine state shall not
| foreclose or cancel any land contract
| during the period that this morator-
ium is in force, and that in all cases
where the state has heretofore fore
is still the owner of the land that
| then the same shall be reinstated up
on the application of the original pur-
CHASER, or any person claiming
through him. upon the payment OF
one per cent interest Of the amount
due within one year from the date
! that this act takes effect, and the
! purchaser or anyone claiming through
| such purchaser shall have a period Of
| three years within which to comply
with the terms and conditions OF such
contract. provided however. that the
purchaser or those claiming through
him. pay future taxes and one per
act takes effect.
! Sect. 5. That no county shall Vs.
sue deed upon any tax certificate
now outstanding for a period Of three
effect provided that the debtor or the
person claiming an interest In the
real estate sold for taxes pays one
per cent interest annually on the
dmouHt tHdl SuCn property was or IL
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. and in all cases where
heretofore a tax deed has been issued
to the county. and the county is still
the owner Of the real estate. then the
former owner. or any person inter-
ested in such real estate, shall have
the period during which this mora tor
tum Is In effect to repurchase Such
lands upon application, provided such
purchaser pays one per cent interest
annually Of the amount Of taxes due.
together with future taxes: such ap-
within one year from the date that
4 this act takes effect.
Ser. 6. That nothing in this act
n shall be construed as preventing any
) closing his mortgage or lien, or az