Sec. [Section]1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That whenever any deed of conveyance has been or hereafter shall be made to any commissioner of school lands or school commissioner of any county, or to any treasurer of any township or agent of any township, by any sheriff, coroner or other officer for any lands which may have been mortgaged to secure the payment of any sum or sums of money loaned out of the school fund belonging to such county or township, and which have been or may hereafter be purchased in the name of such school commissioner, commissioner of school lands, or township treasurer or agent, upon the foreclosure of such mortgage or mortgages, it shall be lawful for such school commissioner, commissioner of school lands, treasurer or agent, or his successor in office, to convey the same, by quit claim deed, to any person or persons who will pay into the school fund of such county or township, the amount for which the same were purchased, with interest thereon: Provided, In his opinion the interest of the school fund would be promoted by so doing; and such deed shall convey to and vest in the person or persons to whom the same is made, his heirs and assigns, all the estate and interest that the said school commissioner, commissioner of school lands, treasurer or agent, and the school fund of such county or town had, have, or could have, by virtue of such mortgage or mortgages, and such sale, by the sheriff, coroner or other officer, in the premises so contained in such deed.

Approved, February 25, 1841.