Show LAND BOARD BILLS INCREASE DUTIES I LAND BOARD MEASURES 1 S. S B B. B Fowles Eliminates Fowles-Eliminates r ight rIght of ot land board to lo invest In reservoir reservoir reser voir warrants prohibits board from overdrawing reserve fund lund up t to I prohibits state auditor from Irom I i inspecting and approving bonds which board proposes to purchase before he issues warrants on land I board funds and empowers board to tc pay necessary costs of maintenance on state slate owned property such uch as purchase pur chase of at water rig rights ts repair of buildings buildings build ings fences etc S. S B. B Fowles Requires Fowles-Requires Requires state treasurer to establish State Stat Lands Maintenance Fund und up to 20 per cent nt of ot all aU receipts receipts' to him from land board and land board to lo expend any portion of ot the 20 per cent which may be necessary r for lor expense of ot the department t. t Hereafter land board appropriations will not be included inthe in inthe the he appropriations bill s S. S B. B 99 Empowers Empowers land board x ard to sell at appraised value orlease or orease orlease lease ease all lands lends acquired through foreclosure tore lore closure proceedings provided the mortgage debtor is given the first right to purchase or lease the land which preference right must be exercised exercised exercised ex ex- ex- ex within 30 days provides that the interest rate on deferred payments pay ments if it purchase is made on time basis shall be 4 per cent instead o ol of th the present 6 p per r cent s S. S B. B R Royle Royle le Authorizes s lone land I board to convey mineral rights alon along with title t to farms farms' taken taker under m mort mortgage rt rt- gage f foreclosure or by deed when whet land and Is sold Under the old law the board Doard was required to lo reserve th the mineral rights when the land was va sold Thus mortgage debtors debtors- who repurchased repurchaSed re re- purchased their lands would be deprived deprived de of mineral rights S. S B. B 2 12 Bosone Authorize Bosone Authorizes 5 land board to issue prospecting permits per mits on state owned lands to encourage age development of mining Old law laM permitted board only to lease its min rota mineral min eral holdings holdings- Under new law rules rula and rc regulations for issuing prospecting prospect ing permits will be drawn drown by the board |