Approved: November 6, 1883.
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 An act to authorize the Territorial Trca-

 surer to Loan the surplus of the fund

 arising from the sale of part of the

 Seminary Land.

 SEC. l. Be t enacted Jy tic General .4s- 8emby of the Territory ot .8rhanSoe, That it shall be, and it is hereby made, the duty of the Territorial Treasurer, whenever the surplus remaining of the fund arising from the sale of the seminary land, shall be paid into the Treasury, to loan the same out at the highest rate of interest, taking bond, with good security, in double the amount, to him and his successors in office, in trust for the use of the fund that may arise from the sale of the seventy two sections of iand granted Sy Congress for the support ot seminary of learning in Arkansas.

 SEC. ?. fad Dc u .t,Yther enacted, hat the said Treasurer, before he loans out said surplus, shall give notice of the same, bv advertisement, inserted in the ncwspa- pers at Little Rock, four weeks previous in which he shall state the amount to be loaned, and the time he will receive propo- sals for loaning the same, at the highest rate of interest that may be offered, not exceed inc. however, ten per cent. per annum.

 SEc. 3. find be | further enacted, Thai the said surplus shall be loaned out twelve months, and at the end of which, and every twelve months thereafter, the interest ac- cruing thereon shall be added, and the same put again to use in the manner aforesaid and it is further made the duty of the Irea' snrer to make report of his proceedings an .eis act, annually, to the Governor this this act to tasa effect, and be in toree' tfo" and after its passage. zoo.

 Approved: November l6, 1885,