Examples of Indian moneys in a sentence
Ascertainment of heirs of deceased allottees; settlement of estates; sale of lands; deposit of Indian moneys.
Pursuant to Section 61(2) of the Indian Act, interest on Indian moneys held in the Consolidated Revenue Fund is allowed at a rate fixed from time to time by the Governor-in-Council.
There are three categories of Indian moneys administered by AANDC: Indian band funds, Indian savings accounts, and Indian estate accounts.
Deposits in bank by disbursing agentsAny United States Indian agent, superintend- ent, or other disbursing agent of the Indian Service may deposit Indian moneys, individual or tribal, coming into his hands as custodian, in such national bank or banks as he may select: Provided, That the bank or banks so selected by him shall first execute to said disbursing agent a bond, with approved surety, in such an amount as will properly safeguard the funds to be depos- ited.
I am of the opinion that in selecting the floating rate methodology of the Indian moneys formula, there was no breach of the fiduciary duty owed by the Crown to the bands.
The section, when read as a whole, mandates that Indian moneys are only to be “expended” for the “use and benefit” of the bands.
Indian moneys, proceeds of labor, agencies, schools, and so forth.
During the month prior to the expiration date of the registration, the Clerk’s Office will mail a renewal notice with the amount(s) due.
As early as 1915, Congress reported that “[t]he Government itself owes many millions of dollars for Indian moneys which it has converted to its own use,” and that the Individual Indian Trust (“IIM Trust”) is a broken trust, riddled with “fraud, corruption and institutional incompetence almost beyond the possibility of comprehension.”2However, the government’s fraud and abuse of individual Indians did not stop.
In his opinion, the provisions of the Indian Act did not prohibit investment by the Crown and did not require that Indian moneys remain in the CRF indefinitely.