corporation on business as such village, in the corporate name assumed by it, such attempted formation and organization of such village, under the name assumed, in each and every such case is hereby legalized and declared a valid and effectual formation, organization and incorporation of such village, under the assumed name, from and after the time of the actual filing, as aforesaid, of such petition, copy of notice of election and certificate of inspectors of election, notwithstanding the omission of any matter or thing by law prescribed to be observed in the organization or incorporation of such village, and notwithstanding any defect in such petition, notice of election or certificates of inspectors of election. And any and all conveyances of property, real or per- Acts of such sonal, in good faith and lawful form, made to or by any declared such village under the corporate name so assumed, and valid. any ordinances, resolutions or by-laws adopted, or taxes levied by such village, are hereby legalized and declared as valid and effectual as if such village had been originally in all things duly and legally incorporated. Provided, that nothing in this act shall be construed to Provided. legalize or validate the attempted incorporation of any village which embraced or attempted to embrace within its territory any tract or tracts of lands not lying so near or in such close proximity to the platted portion of said village as to be suburban in character and to have some unity of interest with such platted portion thereof in the maintenance of a village government. Provided, further, that nothing herein shall affect any action or proceeding now pending. SEC. 2. This act shall take effect and be in force from and after its passage. Approved March 24, 1897. CHAPTER 73. An act to legalize the act of county commissioners in purchasing land and building sheriff's residence thereon in certain cases, and authorizing them to maintain the same. Be it enacted by the Legislature of the state of Minnesota: SECTION 1. That all acts and proceedings of any board of county commissioners, wherein such board of commissioners shall have purchased land for the purpose of constructing a sheriff's residence thereon, and wherein such board of county commissioners shall have built or caused to have been built and maintained a sheriff's residence separate and apart from the common jail of such county, are hereby legalized and declared valid, and the board of county commissioners of any county in this state in which a sheriff's residence has heretofore been built by the county separate and apart from the common jail therein are hereby authorized and empowered to continue to keep, operate and maintain the same in behalf of such county, to the same extent and in like manner as in counties wherein the sheriff's residence is maintained in connection with the common jail of such county. SEC. 2. This act shall take effect and be in force from and after its passage. Approved March 24, 1897. H. F.No. 633. Savings banks. Amendment. Investment of deposits. CHAPTER 74. An act to amend section twenty-eight of chapter one hundred and nine of the general laws of the State of Minnesota for the year eighteen hundred and seventynine, being an act entitled "An act to conform all savings banks or institutions for savings to uniformity of powers, rights and liabilities, and to provide for the organization of savings banks, for their supervision, and for the more efficient protection of depositors in such institutions," approved March eleventh, eighteen hundred and seventy-nine, and the several acts amendatory of such sections. Be it enacted by the Legislature of the state of Minne sota: SECTION 1. That section twenty-eight of chapter one hundred and nine of the general laws of the state of Minnesota for the year (1879), said chapter being an act entitled "An act to conform all savings banks or institutions for savings to uniformity of powers, rights and liabilities, and to provide for the organization of savings banks, for their supervision, and for the more efficient protection of depositors in such institutions, as said section has been since amended and now reads, be, and the same is hereby further amended so that it shall hereafter read as follows, to-wit: Sec. 28. It shall be the duty of the trustees of any such corporation, as soon as practicable, to invest the moneys deposited with them in the securities named in the twenty-sixth section of this act, except that for the 15 % of de available purpose of meeting current expenses and payments in excess of receipts, there may be kept an available fund May retain of not exceeding fifteen per centum of the whole amount posits as of deposits with such corporation, and the same may ands. be kept on hand or may be deposited in banks and trust companies in the state of Minnesota, organized under its laws or under the laws of the United States; and in trust companies and banks in the City of New York, in the state of New York, and in the City of Chicago, in the state of Illinois, duly organized under the laws of the state within which such cities are respectively situated, or of the United States; but the sum so deposited in any one bank or trust company shall not exceed ten per centum of the paid-up capital and surplus of such bank or trust company, or such available fund, or any part thereof, may be loaned upon pledge of the securities, or any of them, named in subdivisions one, two, three, four and five of section twenty-six, but not in excess of ninety per centum of the cash market value of such securities so pledged, nor in excess of the par value thereof; and should any of the securities so held in pledge depreciate in value, after making any loan thereon, it shall be the duty of the trustees to require the immediate payment of such loan or of a part thereof, or additional security therefor, so that the amount loaned shall at no time exceed ninety per centum of the market value of the securities pledged for the same. And whenever any bank, banking association or trust ereditor of company, indebted to any savings bank organized or insolvent doing business under this act, becomes insolvent, the debt of such savings bank against such bank, banking association or trust company shall be paid before that of any other creditors, except only the United States and the state of Minnesota. SEC. 2. This act shall take effect and be in force from and after its passage. Approved March 26, 1897. Preferred banks. CHAPTER 75. H. F. No. 40. educational An act to amend chapter 110 of the general laws of Taxation for 1893, providing for taxation for educational purposes. purposes. Be it enacted by the Legislature of the state of Minne sota: SECTION 1. That chapter 110 of the general laws of the state of Minnesota for the year 1893, providing for Amendment. Twenty-three hundredths mill tax for maintenance of University of Minnesota. Annual appropriation to cease. taxation for educational purposes, be and the same is hereby amended so as to read as follows: Section 1. Section eighty-four (84) of chapter thirtysix (36) of the general statutes of one thousand eight hundred and seventy-eight (1878), as amended by section three (3) of chapter forty-one (41) of the general laws of one thousand eight hundred and eighty-seven (1887), is hereby amended by striking out all of the said section after the words and figures "section 84," down to the words "the county commissioners," where they appear first in the said section, and inserting in lieu thereof the following: There shall be levied annually upon the taxable property of the state a tax of one and twenty-three hundredths (1.23) mills, to be known as the "state school tax," which shall be collected as other taxes are collected, of which the proceeds of one mill shall be added to the general school fund, which together shall be known as the "current school fund," to be apportioned as herein before provided, and the proceeds of twentythree-hundredths mills shall be for the support and maintenance of the University of Minnesota, and shall be added to the general university fund and be payable to the order of the board of regents. Sec. 2. From and after the expiration of the fiscal year ending July 31, 1894, the annual appropriations for the support of the university made by chapter two hundred and forty-seven (247) of the general laws of one thousand eight hundred and eighty-seven (1887), and by the seventeenth (17th) item of section one (1) of chapter two hundred and eighty-seven (287) of the general laws of one thousand eight hundred and eightyine (1889) shall cease and determine. SEC. 2. This act shall take effect and be in force from and after its passage. Approved March 26, 1897. Register of deeds may CHAPTER 76. An act providing for the recording in the office of the record certain register of deeds of orders, decrees and judgments of courts of record affecting title to real estate or any interest therein and prescribing the effect of such record. documents affecting title to real estate. Be it enacted by the Legislature of the state of Minnesota: SECTION 1. A certified copy of any order, decree or judgment of any court of record of the state of Minnesota, affecting title to real estate or any interest therein, when duly certified by the proper custodian of such record to be a true and correct copy thereof, may be recorded in the office of the register of deeds in any county of this state wherein such real estate or any part thereof described or referred to in such order, decree or judgment is situated, and as to all lands situated in any county or counties wherein such certified copy has been recorded, the record of such certified copy shall be taken and deemed notice of the contents thereof to all parties interested and shall be received in evidence in any cause or proceeding as prima facie evidence of such original order, decree or judgment. SEC. 2. This act shall take effect and be in force from and after its passage. Approved March 26, 1897. CHAPTER 77. H. F. No. 176. An act to legalize conveyances made by husband and Legalizing wife by separate deeds of the same real estate. conveyances by husband and wife by separate Be it enacted by the Legislature of the state of Minne- deeds. sota: SECTION 1. That in all cases when a married man has heretofore conveyed real estate belonging to him, by deed, deed of assignment or other legal conveyance, legally witnessed, sealed and acknowledged, but not signed by his wife, and his wife has afterward conveyed the same real estate by deed legally witnessed, sealed and acknowledged, but not signed by her husband, to the grantee or assignee named in the husband's deed or to his grantees or assignees, the conveyance shall be as valid and effectual to pass the title to such grantee or assignee as if the conveyance had been made by a single instrument executed by husband and wife. SEC. 2. The provisions of this act shall not affect any action now pending in any court in this state. SEC. 3. This act shall take effect and be in force from and after its passage: Approved March 26, 1897. |