ANNUAL MEETING. 16 



fossils, maps, sketches, etc., as may be collected and made by direction 

 of said Board, wbicb room shall be placed under the control of said 

 Board. 



(2625) May Borrow and Mortgage. 1. The State Board of Agricul- 

 ture is hereby authorized and empowered to borrow the sum of sixty 

 thousand dollars, at a rate of interest not exceeding six per cent, per 

 annum, and for security of the payment of said sum, to mortgage its 

 property in Marion County known as the State Fair grounds, and to apply 

 the sum so borrowed to the payment of a like sum heretofore borrowed 

 of one J. A. Hambleton, and to take up and destroy all notes, bonds and 

 mortgages given therefor. And the said Board shall have power to issue 

 bonds to the above named amount of sixty thousand dollars, and to make 

 the said bonds payable ten years after date, but redeemable at tlie 

 pleasure of said Board, on sixty days' notice after five years from date. 



(2620) Deed of Trust Postponed. 2. To enable the said State Board 

 of Agriculture to borrow said money, and to execute a satisfactory mort- 

 gage therefore, F. A. "W. Davis, to whom said Boafd has heretofore exe- 

 cuted a trust deed, to secure a repayment by said Board to the State of 

 the sum of twenty-five thousand dollars, appropriated to the use of said 

 Board by an act approved March 10, 1877, in section one, item five of 

 said act, is hereby authorized and required to release, satisfy and cancel 

 said deed, and reconvey to said Board the interest described therein. And 

 in lieu of such deed, the said Board shall execute a new deed of trust 

 to said Davis, or, if the Governor and Attorney General so advise, to the 

 Auditor of State; which new deed of trust shall be a lien on said State 

 Fair grounds next after the mortgage provided for in the preceding 

 section. 



(2627) Debt Prohibited. 4. Said Board is hereby prohibited from 

 borrowing money, or creating or contracting any further liability or debt, 

 on the faith or credit of said property or any other property, or in any- 

 wise further incumbering the same with any lien or charge, except as 

 heretofore in this act provided. 



(2628) Vacancies, How Filled. 1. Whenever a vacancy in the office 

 of the Secretary, Treasurer or Superintendent of the State Board of Agri 

 culture shall occur by death, resignation or otherwise, the same shall bo 

 filled by appointment by the Pesident of said State Board of Agricultiu'c, 

 which appointee shall hold said office until some reguhn- meeting of the 

 State Board of Agriculture. 



