Year: 1867


si,Y funds, as they have been derived
from the disposal of common school or
university lands and all such moneys.
and al other moneys derived from fines
assessed for breaches Of the penal laws
of the State, and all fOrfeiiures which
may sccrue from lands and other estates
which shsll escheat 10 the State for want
Of heirs OF kindred entitled to the Inherit
ance, from all lands which have been.
or may hereafter be granted 70 the State
when no special purpose is expressed
in the grant, and all unclaimed fees.
which said other moneys shall belong TO
the common school fund. shall Be, bv The
Governor, Land Commissioner and
Treasurer Of the State invested in United
State or State securities, which shall
bare not less.than six per cent, annual
interest, and all bonds, in which the com
mon school or university funds Of the
State of Nebraska, shall be invested shall
be endorsed across the face thereof, in
red ink: "School Tor university funds
Of the State of Nebraska which en-.
dorsement shall be signed by the Land
Commissioner and said bonds shall not
be sold or otherwise disposed of, except
by order Of the Legislature, in a public
act and they shall, in no wise, be held
as applicable TO, or security for the pay
menI of any Indebtedness Of the State
of Nebraska.


Sec. q. All moneys derived from
inter rest upon notes given in iiue of cash
payments for school or university lands,
and all moneys received as rental for
school or university lands leased shall be
paid into the State treasury to be by the
treasurer accounted for as common school
or university funds as they have been
derived from common school or univers-
ty lands, and such funds shall by the
treasurer Of State be reported to a board
Iconsisling Of the Auditor, Governor and
SecreturY of State, which said board shall
\ proceed, on or before the lst day Of DC.
tober IN each year, to distribute the same
to the several organized counties in the
State according TO the number of children
between five and twenty one years oI
age in each county.


Sec. %. Every county treasurer shall
pay all school or university moneys re.
ceiyed by him, into the State treasury
upon the Isl day of the mont b next after
its receipt and if Convenien. they may
make such payment by bill Of exchange o.
sight draft from some solvent banking
house upon another, and deduct he ex
pense therefor from the whole amour
in his hands to be paid, forwarding will
the draft and voucher for such expense
and if any bank. private banker OF othe
person shall issue any draft or bill Of ex
chance which shall be dishonored on pre-
sentatiOn or maturity be shall, be deem
ed guilty of fraud, and shall, if he d
not in three days make restitution of ID
amount named in such bill or draft, b


SUBJECT to conviction as for oblaininl
, money under false pretences. and uPo
, conviction shall be imprisoned not les
one year for every thousand dollars o
fraction thereof of the amount Of III


bill or draft in question.


Sec %. The Land Commissione
shall annually on the 1st day of Januar
present to the State Superintendent O
Public Instruction a brief statement O
the whole number of acres of school an
university lands, which were possesse


by the State,at the beginning of his tern
of office, or the last lst day Of Januar,
the number of acres acquired since
the number of acres sold and leased
the amount Of principal Of common schoO
and university funds-the receipts frou
interest, and rentals during the year
He shall also report to the Legislatavr
Assembly on the first day after the iw
Houses are organized,a full report Of al
the Operations of his officer giving sue
, detail of every public transaction con
nected herewith, that the Legislator
may have a clear understanding Of ,h


condition the business Of the Office Of th


commissioner.


Sec go. This act shall be in fore
from and after its passage.


Approved June, 24Gh 1867.