Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1937-05-06
CHAPTER 409-S. F. No. 915
A RILL

FOX AN ACT to amend Laws of
1923, Chapter 225, Section IL, as
amended by Laws Of 1888, Chap
ter 429, Section 9, as amended by
Laws of 1885, Chapter 367, Section
2, and extending the authority of
the conservator to sell lands on
the crop payment plan.
Be it enacted by the Legislature Of
the State of Minnesota:
Section l. That Laws Of 1923,
Chapter 225, Section II, as amend
ed by Laws of 1888, Chapter 429,
Section 9, as amended by Laws Of
1885, Chapter 367, Section 2. be and
the same hereby is amended so as
to read as follows:
Section II. a. The title to all
property taken by the Department
shall run to the State of Minnesota.
b. The property, real, personal and
mixed, acquired by the Department,
shall be sold by the Conservato. at
its fair value at the time of sale,
in such manner and on such terms
as may be provided by the regula-
tons adopted by him. In making
sales of real estate the Conservator
shall have regard for tine state of
the market and shall make sales
thereof in such manner ana at such
times as not to depress unduly the
market for farm lands, and shall,
if in his judgment the best interest
of the State and of the public will
be served thereby, defer such sales
until such time as they may be
made without undue loss to the
State or undue impairments of the
market value of farm lands within
the state. No land shall be sold by
the Conservator for an amount less
than the indebtedness accrued there
on at the time of the acquisition Of
title by the Department, together
with interest thereon at the rate
provided for in the mortgages now
held by the department Of Rural
Credit until sold, less the net income
derived therefrom after such acqui-
sition of title; but If the Conserva-
tor shall determine that sale Of
any such land cannot be made for
viz 4O4k olilOO1lV oNCA uSdlllSV ~
and that further loss to the state
would probably result if it be not
then sold he may sell any such land
for less than said amount upon the
approval of such sale by judge Of
the District Court of Ramsey Coun-
ty, Minnesota, in the same manner
as provided by Section 10A herein
before stated.
If former owner desires to re-
purchase a farm heretofore
mortgaged by him to the State Of
Minnesota and acquired by the
State, either through mortgage fore
closure or by the taking of a deed,
the Conservation is hereby authoriz-
ed to sell said farm for an amount
equal to the reasonable long term
contract of the same, on a crop
payment plan as provided in Section
lob hereinbefore stated, provided
the state is still the owner of said
farm and has not conveyed the
same either by deed or by contract
for deed. In such cases the form
er owner shall make application in
writing to the ConServator for the
purchase of said farm, stating
whether or not he desired to buy
the same on a crop share payment
plan, and after the filing of said ap-
plication the ConServator shall not
consider bids from other prospective
purchasers until he has first dispos-
ed of said application either by ac-
cepting or rejecting the same.
Should the former owner not avail
himself of the crop payment plan
within thirty days after being noti-
fled by registered mail by the Con-
servator regarding the same, then
and in that event the Conservator
is hereby authorized to offer said
farm for sale on a crop payment
plan, as provided in Section lob
hereinbefore stated, with q down
payment of at least fifteen per cent,
to any bona fide farmer who, In his
opinion, is capable Of operating said
farm in a good and husbandlike
manner, for an amount equal to the
reasonable value of the same. No
crop payment contract is assignable,
except in case of death or incapaci-
ty of the vendee, and then 1t may be
assigned only to one or more of the
immediate heirs, providing however,
said heir or heirs are bona fide farm
ers, subject only to the consent Of
the Conservator.
Q. All contracts for Ne sale Of