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![handle is hein.slavery/ssactsfl0181 and id is 1 raw text is: School Fund Cur. 311-342 103
CIvAPTrM 341.-[No. 30.] 1850.
AN ACT requiring to be pnid into tih School Fund money derived from tle
sale of Slaves under the Act of November 22, 1820.
SECTION 1. Be it enacled by the Senate and House of Reprexen-
tufives of the State of Florida in General Assembly convened, Thiat Slavc.,; i cer-
hereafter when any slave or slaves shall he taken up under an or. tWin CiI A. to
der friom the Circuit'Court, in accordance wvith the provisions of|,ibeing to
the act approved November 22, 1829, said slave or slaves shall be School fund.
considered as belonging to the Common School Fund ; and all .the
money derived from the sale of said slave or slaves, after the pay.
inent of the necessary expenses, shall be paid into the Treasury of
the State as belonging to the principal or said Fund, ard be invested
in the same maner as other moneys of said Fund are required to
be invested.
[Paq.,cd tho Sennte, December 20, 1950, Pn.sqed the ioour of RTeprcsenia-
tivem, January i, 1851. Approved by the Governor, January 11, 1851.]
CHAlTn 312.-[No. 31.)
A*X ACT providing for the investment, of a portion of the Seminary and Coin-
moni School Fund.
SaCTION 1. Be it enac ted by the Senate and House of leprcsent.
atives nf the State of Florida in General Assembly coi',ened, ''hat
such sum or sums as may he required for the purposes of the State Inve.tment of
Government, not exceeding in all twenty-five thousand dollarq, ofh0l Foud.
tie moneys belonging to the principal of' the Seminary or Common
School Fund, shall be and tih same is or are hereby required to be
borrowed by the State of Florida, and the same shall b# placed with
and constitute a part of the general fund for the support of State
Government, upon interest at the rate ot seven per cent. per anain,
to be paid annually, upca the twentieth day of July in each year,
the said principal so borrowed to be refunded at tile pleasure of the
General Assembly of this State.
Siwe. 2. Be itfiti'thcr enacted, That it shall be the duty of the
Governor of this State to execute a bond or h)nds, payable to the Tond - condi
Treasurer of the State and to his successors in office, for the said tiols of.
sum of twenty-five thousand dollars, to be countersigned by the
C.omptroller of Public Accounts, conditioned to pay the principal and
interest of said loan in the manner provided in thu foregoing section,
which bond or bonds shall be deposited for safe-keeping in til office
of the Treasurer of this State, and upon the same being so deposited,
the said Treasurer shall translbr tile amount or amounts borrowed, to
tie account of the General fiund, to be used INL other moneys be-
longing to that fund, and paid out in the same inatmer and for the
same purposes.](ViewImageLocal?handle=hein.slavery/ssactsfl0181&div=1&collection=&method=preview&ext=.png&size=3)