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Show Statt Forctd to Fight NOTICE that th attorney genersl'a office I preparing litigation In a last ditch fight to save state-owned farm land about to be sold for tsars bringi Into shsrp focus lone practice of th (tat In th past as money lender In th a been re of prudent statutes to secure th public Interest. In drpartmental reports over many year th deficiency was apparent. Th report of th investigation commute of Utah governmental unit have gnn Into th matter In minutest detail. Legislator have proposed change In th law and from Urn to tlm tinkering amendment have been enacted. It la doubtful even now tinder th measure passed by th last session If th whole situation I cleared up, (till more doubtful If they afford a means of reaching back to ancient transaction to that Immense losse to th ttat may be averted. Th present situation arise out of th serving serv-ing of nolle by counties that they will tell tttta-owned farm at Mty tti sale to recover taxes delinquent prior to th ttat land board lien. Th stat hold lien on about 700 farma, taken over a security for loan. Ftartng that If a third party obtain tax till in the farms the ttste ms lose Its Interest In th land. Injunction ar to b bought In 17 countie to ttop th talc and quiet titl In th ttat. Th attorney general'! ofice cite a derision of th supreme court of Idsho which ruled that when tut takes titl all prior lien ar wiped out and that counlia have no recourse. Whichever wsy th court decide, a public lot will be Involved countie will lot tax du them If the tut' contentions ar upheld, or. If tho countie gain their point, moneys du th land board will be loot Th moneys Involved, aa th report of th committee of nin point out, belong to th school children of th state, th ona having been mad from ttat achool funds. The Investigating committee' report contained con-tained a cogent paragraph which covert th whole tituttion In few words. It said, Th banking bank-ing law governing the federal reeerve banks, th federal land bank, and th Utah bank and trust companies , . . (ahow) that they all hav a deficit policy directing th accounting and management of acquired real estste . . . neither th Utah ttat land board nor th Utah legitlstur ha faced th problem aqua rely." All of this, o( course, pertain to predecessor land boards. Th new land board aa set up by the last legislature and regulated by It enact-inenta enact-inenta cannot com In for any censure for th mistake of th past. Th situation which haa now arisen, nevrrtrisiaas, dasrrvas th tarn comment com-ment Secretary George A. rither tntd In kit letter to Governor Blood In referring to th llquidstlon of th Centrtl Utah and th Plut reclamation projecta it Is, again, "mut testimony testi-mony of th utter futility of th state' engaging In reclamation projects," or, In this Instance, In th farm loan business, unlet airtight raw adequately ade-quately protect th permanent school fundi. |