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01/09/2007 09:32 FAX 651 223 4987 <br />01/09/2007 09:11 FAX 6512971235 <br />JENSEN BELL CONVERSE a002 /008 <br />ATTY GENERAL 21005 /009 <br />EDUCATION - School board limitations tayeout�anding bond sftet:tbe <br />M.B. 195:::. 0 524.O5, Clause (1); 125.06, Subd. 21. <br />Deaaaber 6, 1954. <br />Mr. L. P. Bioshola <br />loeehiohing count Attorney <br />;Carnations' falls, Minnesota <br />Dear Mr. Mamboing <br />Tour letter of *ember id addressed to the Attorney Gen- <br />a r <br />•n. itatss these <br />3'ACTBs <br />*The County Board of lineation for Unorganised <br />Territories of Enoch/thing County issued a bond on <br />Oct, in 1933 cad maturing Oct. 1 1939 in tks <br />amount of One Hundred Dollars (4100,00 ) and is st!.0 <br />**titaa/lag, <br />"iamb fir the pant of bonds were Aepasited <br />with %hi XflflaationaliW►ts Hank of tkii •City tore <br />the boasts sere payable until 1944, and partu*rt to <br />astios''ef the Cansty School Board, the noney.nas <br />trawaferred to the G*aeral Tvnd, all of the bonds <br />hatin*•bnea paid except this one, <br />vine bend ban bran presented for payaent.n <br />fen ask this <br />QUESTION: <br />May the County Board of Education pay this bondTR <br />maw <br />Our answer is limited to the fasts you have submitted at <br />anew your question in the negative. <br />'Osier those facts, any action which had adorned to the <br />holder of the bond was barred nix years from the data of maturity <br />3 <br />