Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1869-04-22
AN ACT


fore entering upon the duties of his Office, shall exc
cute to the people of the State Of South Carolina
a written undertaking, with good and sufficient
surety, in the penal sum oftwenty thousand dol
lars, for the faithful discharge of the duties Of his
Office; said undertaking to be approved by the
Advisory Board, and fled in the Office Of the Sec.
retary Of State His salary shall be at the rate OF
two thousand dollars per nnnum while on duty.
SEC. 2 That said Land Commissioner shall hold
his Office at the pleasure of the Advisory Board,
and, before entering upon the duties of his Office,
shall take and subscribe the oath prescribed in the
thirtieth Section of Article II Of the Constitution
which oath shall be filed in the Office of the Seere-
tary of State
SEC. 8. That the Governor, Comptroller Gener-
al, Secretary Of State and Attorney General are
hereby declared to be an Advisory Board to the
Land Commissioner; and said Commissioner shall,
in all the duties imposed upon him by the provi-
sions of this Act be governed by their instructions
and advice.
SEC. 4. That it shall be the duty of the said
Land Commissioner to purchase, or cause to be
purchased, any lands in any portion Of the State,
improved or unimproved, at such price as the said
Advisory Board may determine, not to exceed in
the aggregate amount, in any one fiscal year, the
par value of the public stock of this State created
by the General Assembly for this purpose
SEC. S. The Treasurer Of the State is hereby
authorized and directed to issue to the Land Com
missioner bonds of this State in the sum OF two
hundred thousand dollars with coupons attached,
if in the opinions of the said Advisory Board 80
much be necessary, bearing six per cent interest,
the principal payable in twenty years, at the nan-
cal agency of this State in the city Of New York,
the bonds to be signed by the Governor, counter
signed by the Comptroller General, and the cou-
pons to be signed by the Treasurer Of the State; 3;
the faith and credit of the State is hereby pledged
to the payment of the principal and interest OF said
bonds; and sufficient amount of taxes is hereby
levied to pay the interest accruing on said bonds
annually.
SEC. 6. All land purchased by said Land Com
missioner shall be ub-divided into sections con-
tanning not less than twenty-five nor more than one
hundred acres to be sold to actual Settlers subject
to the condition that one.half thereof shall be
placed under cultivation within five years from the
date of such purchase, and that the purchaser
shall annually pay interest at the rate of six per
cent. per annum upon any moneys remaining un-
paid, and also all taxes imposed thereon by the
authority of 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 one
fifth of the principal The titles to said land shall
remain in the State until the amount of said pur-
chase shall be paid, principal and interest; but a
certificate of such purchase shall be assgnable at
three years from date thereof: Provided, That in
every case when person purchases more than one
section of fifty acres, they shall pay on such excess
onefourth cash, and the balance to be paid in equal
annual instaments of one-fourth the amount Of
purchase each year: Provided, That no person
shall be entitled to purchase, in his own name or
for his own use, more than one hundred acres.
SEe T. 1t shall be the duty of the said Land
Commissioner to deposit with the Treasurer ofthe
State all moneys collected by him as interest due
upon the sale of said lands which shall be used by
the Treasurer of the State in the payment Of the
interest on the stocks and bonds the State issued
for the purchase of said lands; and to invest in
bonds of this State all moneys received by the said
Land Commissioner in payment for said lands as
principal; said State bonds to be deposited with
the Treasurer of the State, to constitute sinking
fund for the final payment and redemption of all
stocks or bonds issued by the State for the pur-
chase of said lands; the interest accr1ing on the
bonds of the said sinking fund shall be applied to
the payment of the interest upon the stocks or
bonds of the State issued for the purchase oflands
SEC. 8. The books and records Of the Office Of
the said Land Commissioner shall at all times be
subject to the inspection of the Advisory Board,
or any member thereof; and the said Land Com
missioner shall annually make detailed report of
the transactions Of his Office to the General Assem-
bly,.
Sec 9. The said Land Commissioner in addi-
ton to the compensation hereinbefore prescribed,
shall receive such fees as the Advisory Board may
prescribe, not to exceed in the aggregate for each
title the sum of ten dollars, the cost Of all other
papers included. Said fees, also mileage and per
diem, of the Land Commissioner shall be paid out
of the contingent fund of the State to be paid by
the Treasurer on the certificate of the Advisory
Board. And the Land Commissioner shall be al
lowed such clerical assistance as may be authorized
by the Advisory Board, which shall be paid in the
same manner.
Sec. 10. The said Land Commissioner shall not
purchase from or sell to the State any land neither
shall he engage in specuations in lands, either on
his own account or as agent for other persons or
corporations and, upon conviction thereof, for
every such offence shall be fined and imprisoned,
at the discretion of the Court.
SEc II. All Acts or parts of Acts, inconsistent
with this Act are hereby repealed.
In the Senate House, the twenty-fourth day Of
March, in the year Of our Lord one thousand
eight hundred and sixty-nine.
AN ACT
TO PROVIDE FOR THE CONVERSION OF STATE Sc
CURT1Es.
SECTION l. Be it enacted By the Senate and
House of Representatives Of the State Of South
Carolina asoo met and sitting Il, General ASSENT
bly,, and By the authority of the same, That the
lState Treasurer is hereby authorized, on the ap-