ANNUAL MEETING. 9 



erected by the State, if a suitable one can be found, and, if not, hire 

 one suitable for the deposit and safekeeping of sueli minerals, soils, ores, 

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

 of said Board, which i-oom shall be placed under the control of said 

 Board. 



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

 tm-e is hereby authorized and empowered to borrow tlie 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 desti'oy 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 the 

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



(2G2G) Deed of Trust Postponed. 2. To enable the said State Board 

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

 gage therefor, F. A. W. Davis, to whom said Board has heretofore 

 executed a trust deed, to seci:re a repayment by said Board to the State 

 of the sum of twenty-iive thousand dollars, appropriated to the use of 

 said Board by an act approved Marcli 10, 1877, in section one, item five, 

 of said act, is liereby authorized and required to I'elease, 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. 



(2027) Debt Prohibited. 4. Said Board is liereby prohibited from 

 borrowing money, or creating or contracting any furthfer 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 

 hei-etofore 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 

 Agriculture shall occur by death, resignation or otherwise, the same shall 

 be filled by appointment by the President of said State Board of Agri- 

 culture, which appointee shall hold said office until some regular meeting 

 of the State Board of Agriculture. 



