County Treasurer to give Bond.

Duplicate receipts to be made.

payment, whether for principal, interest or penalty, or either, and the amount of each, the number of the certificate on which the same was paid, and the name of the original purchaser of the land, and the fund to which the same belongs, which receipt shall be countersigned by the clerk of said county, and when so given and countersigned, shall have the same force and effect as if given by the State Treasurer.

(2436.) SEC. 5. Before any County Treasurer shall receive moneys authorized to be paid to him by the preceding section, he shall execute and give to the State a bond, with good and sufficient sureties, in an amount to be fixed by the Commissioner of the State Land Office, not less than double the sum liable to come into his hands by virtue of this act, which bond shall be conditioned for the honest and faithfal discharge of all trusts and responsibilities imposed by this act; the sureties to be approved by the Judge of Probate and Register . of Deeds of their respective counties.

(2437.) SEC. 6. That the said County Treasurer shall, in each and every case, issue duplicate receipts for all moneys One to be de- received by him under the provisions of this act, one of which County Clerk. he shall, without delay, deposit with the County Clerk.

posited with

Duty of County

Clerk with re

(2438.) SEC. 7. The County Clerk, on receiving any such spect thereto. duplicate receipts, shall note on the back of each the date of receiving the same, and shall also enter, in a book to be procured by him at the expense of the county, the amount for which each of such receipts was given, and whether the same was for principal, interest or penalty, or either, specifying the amount of each, the number of the certificate on which the same was paid, the name of the person to whom the same was issued, the name of the fund to which the money belonged, and the date of each receipt; and on the first Monday in each and every month, the said clerk shall carefully enclose and forward all such duplicate receipts to the Commissioner of the State Land Office, as he shall direct.

Commissioner of
Land Office to

with blank Bond.

(2439.) SEC. 8. The Commissioner of the State Land Office furnish Treasurer shall, on or before the first day of February, transmit to each County Treasurer to whom moneys may be paid under this act, a blank bond, with the penal sum fixed as provided by the fifth section of this aet, which bond the said Treasurer shall execute and procure to be approved as hereinbefore provided, and return the same without unnecessary delay to the said Commissioner, who shall file and carefully preserve the same in his office.

Moneys due, etc.,

"Commissioner to

with instructions

(2440.) SEC. 9. On or before the first day of March, in each statement of and every year, the Commissioner shall cause to be made out, to be sent by and shall transmit to such County Treasurers as have filed County Treasurer their bonds with him, properly executed and approved, a and blanks. statement showing the classes of lands sold in that county, the number of the certificate of purchase, the name of the person to whom each certificate was issued, and the amount of both principal and interest due on each, on the first day of March; and the said Commissioner shall also transmit such directions and instructions, and blanks, as shall enable the said County. Treasurers to carry out the provisions of this act.

to pay over

Treasurer.

(2441.) SEC. 10. All moneys received by the County Treas- County Treasurer urers under the provisions of this act, shall be held at all times Moneys to State subject to the order and direction of the State Treasurer, for the benefit of the funds to which such moneys respectively belong; and on the first day of May in each year, and at such other times as he may be required so to do by the said State Treasurer, each County Treasurer shall pay over to the State Treasurer all moneys he may have received on account of such funds.

County Treasurer

Moneys.

(2442.) SEC. 11. The several County Treasurers who receive Compensation of money under the provisions of this act, are hereby authorized for receiving to charge each person to whom they may give a receipt, or of whom they may receive money, two per cent. on the amount they may receive from each person, which shall be in full for all services rendered under this act.

ments repealed.

(2443.) SEC. 12. Act No. 217, approved March 31st, 1849, Certain enactentitled, "An Act to Provide for the Removal of the State Land Office to the Seat of Government," and Section three of act No. 214. approved April 1st, 1850, entitled, 'An Act to Amend an 1849, p. 268. Act to Provide for the Removal of the State Land Office to the 1850, p. 216. Seat of Government, and to revive certain laws relative to the

same," are hereby repealed.

This act shall take immediate effect, except the ninth section thereof.

Chapter Sixty of Revised Statutes of 1846.

UNIVERSITY AND SCHOOL LANDS.

University and

be first offered at

public auction.

Minimum price of (2444.) SECTION 1. The minimum price of the unsold and School Lands: to unimproved University Lands shall be twelve dollars per acre, and the minimum price of the unsold and unimproved School Lands shall be four dollars per acre; but no such lands shallbe otherwise sold until they shall once have been offered for sale at public auction, and no such lands shall be sold for less 1844, p. 82, etc. than the aforesaid prices respectively, nor shall any Treasury Notes or Warrants be received for University Lands hereafter forfeited to the State.

Terms of pay

ment.

Certificate of purchase, what to contain.

Ibid.

When twenty per cent. of principal

(2445.) SEC. 2. The terms of payment on the sale of University and School Lands shall be twenty-five per centum of the purchase money, to be paid at the time of the purchase, the balance of the principal at any time thereafter, at the option of the purchaser, with interest at the rate of seven per cent. per annum on the unpaid balance, payable on the first day of March, or within sixty days thereafter, in each and every year, at such place or places as shall be specified in the certificate of purchase. (a)

(2446.) SEC. 3. At the time of the sale of any such lands, the Commissioner shall make out and deliver to the purchaser or purchasers thereof a certificate, in which the said Commissioner shall, in the name of the People of this State, certify the description of land sold, the quantity thereof, and the price per acre, the consideration paid and to be paid therefor, and the time and terms of payment.

(2447.) SEC. 4. The said certificate shall further set forth, that in case of the non-payment of the interest due, by the first day of March, or within sixty days thereafter, in each and every year, by the purchaser or purchasers, or by any person claiming under him or them, then the said certificate shall, from the time of such failure, be utterly void and of no effect, and the said Commissioner may take possession thereof, and resell the same as is hereinafter provided. (a)

(2448.) SEC. 5. Any purchaser of University or School paid, purchaser Lands, his heirs or assigns, who shall have paid on or before of principal at the first day of March, one thousand eight hundred and forty

(a) (a) As Amended by Act 30, of 1847. Laws of 1847, p. 39. See Sec. 2448.