27TH-SPECIAL NOTES IN REGARD TO PERMANENT SCHOOL FUND IN CERTAIN COUNTIES. ADAIR COUNTY. The report from this County in 1861, made the amount of Permanent Fund,.... The report of June, 1863, makes amount,....$5,685.96 purchasers from their contracts,. . . . . . Amount of notes canceled by release of mortgagors from liability, Leaves a balance unaccounted for of.... 266.65 66.67 $6,019.28 $6,071.95 52.67-$6,071.95 The Clerk reports no losses sustained, and no danger of losses at present, and that the releases on contract and mortgage notes were given by the County Board of Supervisors at the request of the parties, the lands reverting to the School Fund. ADAMS COUNTY. This report does not show how this increase came, being merely a statement of amounts in contract and mortgage notes, and cash on hand June 1, 1863. The Clerk reports no losses, and that the fund can be safely loaned. APPANOOSE COUNTY. This report runs from January 5th, 1863, to June 1st, 1863, and does not explain the $225.80 decrease of the fund. BENTON COUNTY. The report from this County states as follows: The whole amount of School Fund was ascertained by a commitmittee of investigation, appointed by the Board of Supervisors for that purpose, to have been as follows: Proceeds of Land Sales,.... The present amount is as follows: $40,554.35 2,598.70 43,153.05 248.00 1,177.50 36.30 2,699.98 $ 43,153.05 VINTON, Sept. 22, 1863. JAS. CHAPIN, Loss on notes insufficiently secured, taken by Am't liquidated by sales to County, (notes). Total available and unavailable,..... Of the $248 lost to the fund, $225 was a part of a $500 note taken by Hunt, and a mortgage taken on 160 acres of land in Sac County, and as the personal sureties were worthless, the Board of Supervisors compromised the matter by taking a new note for $275, with mortgage on land in Benton county, and gave up the $500 note and $23 accrued interest, in consequence of the mortgaged premises not bringing the amount of principal loaned. [The report of the Commisssioners to examine the transactions of the several State officers, made June 1, 1858, states the amount of 5 per cent. fund distributed to Benton county at $2,648.70, while this report makes it $2,598.70-a difference of $50.] BREMER COUNTY. The Clerk reports that "the loss to the School Fund by insufficient security will reach to about $1500, which is now known to be unavailable." CLINTON COUNTY. This report shows as follows: STATEMENT OF PERMANENT SCHOOL FUnd. Jan. 7, 1861, Amount received on sale of 16th section, Deduct Am't paid A. R. Bissell, salary, 1859,.... June 1, 1863, Contract notes on hand,... $6,731 44 $18,726 31 26,529 66 5,667 99 31 00 $50,954 96 184 15 $50,770 81 *In Jan. '61 Report, this item was $425. We have since secured $200. May secure the balance-but doubtful. Allison's bail is worthless; Graham's bail has never been pushed, and they consider themselves exempt, by limitation. If necessary I will forward list of lands purchased on account of School Fund. There will be a slight loss on these purchases, but I think not much. DALLAS COUNTY. The Clerk reports "The Permanent Fund has a judgment against W. O. Ferguson for $100, considered good. Judgment on E. Williams $56, considered good, and judgment against W. A. West for $140, not collectable." DELAWARE COUNTY This report makes the following showing: Statement of School Fund notes canceled by the sale of the mortgaged premises to the State of Iowa, for the use of the School Fund. Statement showing changes in amount of Permanent School fund since 5th January, 1861. Total Fund 5th January, 1861, Amount arising from sale of 16th Section, .. Am't of notes canceled as above, $1550 00 fund, from sale on execution, $31,942 29 2,888 00 446 42 $35,276 71 158 50 1,708 50 Leaving present fund including notes, judg ments and cash at this date, May 18, 1863,. $33,568 21 DES MOINES COUNTY. This report states that notes to the amount of $2026.42 principal have been prosecuted to judgment, and that in addition thereto a note of $300, has been liquidated by purchase of the land mortgaged, which accounts for the decrease in the available fund. FAYETTE COUNTY. Of the fund in this County the report shows that $306 were canceled on forfeiture of contract, and $500 by foreclosure of mortgage, the land in each case reverting to the School Fund. This accounts for the $806 decrease. HAMILTON COUNTY. The Clerk says: "There has been a loss as interest on two Mortgages to the School Fund which have been foreclosed and the lands sold, the sum of $981 24." |