The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1868-03-10
The Reconstrnction Convention.
~ FoRry-FIBTH DAY.

The session OF the Convention on
fSatuiday, saysthe SCharleston Ne,rs,
was occupied chiefly in patching and
repairing thetwork already done.
Some discussion ensped upon an
amendment to the miscellaneous pro-
visiona of the Constitution, securing
to married women their rights of
property, and the section being
amended, passed to its third reading.
The following ordinances were adopt
ed: BsN~4-, - ~ .,st -. ~ 40, ..
An Ordinance TO Create q Bon,W Of
Land Commissioners.
StCr1oN 1. 1t shall be the dutylof
the General Assembly to provide for
the establishment of o Board, to be
known and designated as Commits.
sioners of Public Lands, of Which
Board the Comptroller General of
the State shall be member, and to
define the powers and duties of said
Board, and fix the compensation of
the members thereof, and to provide
for the current expenses thereof.
SEQ. 2. The Commissioners of
Public Lands shall have authority,
under regulations provided by law, to
purchase at public sales, or other
wise, improved and unimproved real
estate within this State, which, in the
Judgment of such Commissioners,
shall be suitable for the purpose in
tended by the fourth section of this
article: Prouided, That the aggregate
amount of purchase in any fiscal
year shall not exceed the par value of
the public stock of this State created
and appropriated by the General
Assembly for the purposes contem-
plated in the fourth section of this
article for such fiscal year: And pro-
Uided also, That the rate at which any
such purchase shall be made shall not
exceed seventy-five per cent. of the
value of the land so purchased, in
Guiding the improvements thereon;
such valuation to be ascertained in
the manner hereinafter provided for
by law. ~.
SEQ. 3. The General Assembly
shall have authority to issue to said
Commissioners public stock of this
State to such amount as it may deem
expedient; which stock, or the pro-
ceeds thereof, the Commissioners
shall have authority to apply in pay
ment of all purchases made in &C.
cordance with the second section of
this article: Propided, That such
public stock shall not be negotiated
at O rate less than the PAR value
thereof.
Sec. 4. The said Commissioners
shall have authority, under such re.
gulations as shall be established by
the General Assembly, to cause the
said lands to be surveyed and laid off
into suitable tracts, to be sold to
actual settlers, subject to the condi-
tion that one-half thereof shall be
placed under cultivation within three
years from the date of any such pur-
chase; and that the purchaser thereof
shall annually pay interest upon the
amount of such purchase money re-
naming unpaid, at the rate of seven
per cent. per annum, and also all
taxes imposed thereon by or under
the United States or of this State;
and, in addition thereto, shall, in
every year after the third from the,
date of said purchase, pay such pro-
portion of the principal Of said pur-
chase as shall be required by the
General Assembly. The titles to
said lands shall remain in the State
until the amount of said purchase
shall be paid, principal and interest.
But certificate of such purchase
shall be issued to the purchaser,
which, subject to the condition of
said purchase, shall be assignable
after three years from the date
thereof.
SEC. 5. All lands purchased by
said Commissioners, or the proceeds
of the sales thereof, shall be and
remain pledged for the redemption of
the public stock issued under section
third of this article. But the Gene
raj Assembly shall have authority,
subject to such lien and pledge, to
make upon the faith and credit of
said fund fnrthar issnea of n1lhlic