17 Wis. 537 | Wis. | 1863
By the Court,
The commissioners of the school and university lands, in 1849, sold and conveyed to the defendant Oram a tract of land, taking back a bond and mortgage for the purchase money. This bond and mortgage is sought to be foreclosed in this suit. The objection is taken that the respondent cannot maintain the suit because the commissioners had no authority to sell and assign to him these instruments. And whether they had that power is the main question in the case.
By chap. 123, Laws of 1859, the legislature authorized the commissioners to sell and transfer any note and mortgage giv
A motion for a rebearing was granted at tbe January term, 1863, and tbe following opinion, affirming tbe judgment of tbe circuit court, was filed at tbe June term of tbe same year.
By the Court,
A rebearing was granted in tbis cause, upon tbe ground that tbe complaint contains no averment tbat tbe plaintiff was a subsequent purchaser or incum-brancer of tbe mortgaged estate at tbe time of the transfer of tbe mortgage from tbe state to him. As was observed in tbe former opinion, tbe act authorizes tbe commissioners to make tbe transfer to “ any person who may have become tbe purchaser of such real estate, subsequent to such mortgage to tbe state, or who may have acquired any lien upon tbe same by mortgage, judgment or otherwise. A careful investigation of tbe point has satisfied us tbat there was no error in tbe former decision, and tbat tbe judgment of tbe circuit court must still be -affirmed. Tbe act fully entrusts tbe commissioners with authority, upon application made for an assignment, to investigate and determine tbe sufficiency of such application, and whether tbe applicant belongs to tbe class of persons named in tbe act, and is entitled to tbe benefits of its provisions. Tbe commissioners are bound, by tbe very nature of tbe duties imposed, to inquire into and ascertain, both in point of law and fact, whether tbe applicant is a purchaser subsequent to tbe mortgage, or an incumbrancer by mortgage, judgment or otherwise. They must decide tbe law and facts arising upon tbe application. But tbe act, furthermore, declares tbat they “ shall require such evidence as they think proper, of tbe interest in tbe premises of tbe person making application for such assignment, and shall make and prescribe such rules and regulations in relation thereto as they may think proper to protect tbe interest of tbe state, of tbe mortgagor and assignee.” Tbis express provision effectually removes all
This case cannot be distinguished in principle from the many in which it has been held that a grant from the public raises a presumption that all prerequisites have been complied with; that a warrant is evidence of the existence of an entry, &c. Polk’s Lessee vs. Wendell, 5 Wheat, 293; Bagnall vs. Broderick, 13 Peters, 448; Wray vs. Doe, supra.
Upon the other question, whether the mortgage in suit is to be treated as given for a “ loan made by the state,” which the counsel for the appellants took occasion also to re-argue? we have little to add to the remarks contained in the former
Judgment affirmed.