LOANING OF SCHOOL FUNDS.
The constitutional rule was suspended--yeas, 67, nays, 2--and Senator Henry's bill [S. 379] concerning the loaning of Common School funds in the Congressional Townships, was read the first and second times by title only, and the third time by sections.
Mr. EDWINS--This is a bill which has reference to borrowing money out of the school funds where the records of any County has been burned, as is the case in my County. We have a very large school fund now on hand unloaned, and we can't loan it from the fact that the Clerk page: 182[View Page 182] does not feel justified in granting the necessary certificate to the applicant. This bill is to enable the Cierk to issue such certificate on the applicant giving a bond to the State that there is no incumbrance on the realty other than that that has been burned. The bill is a deseruing one, and should pass.
The bill passed--yeas 67; nays, 0.
