The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1869-04-29
Aets Of the geeislatatt'e'.

20. -L.z 70 y. - a.il z
Ar. Act to Provide for the Appointment oi
3. Land Commissioner; and to Define his
Powers and Duty.
SECTION l. Be it enacted By the Senate
and House of Representatives of the State
of South Carolina, no,o met and sitting IN
General Assembly, and By the authority o.
the same, That the Advisory Board here.
matter created is hereby authorized and
required to appoint a suitable person to
be known as the Land Commissioners OF
the State of South Carolina; said Commits
sioner, before entering upon the duties OF
his Office, shall execute to the people OF
the State of South Carolina written un-
dertaking, WITH good and sufficient sure
ty, in the penal sum Of twenty thousand
dollars, 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 Secretary Of
State. His salary shall be at the rate Of
two thousand dollars per annum while on
duty. -.
SEC. 2. That said Land Commissioners
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
thirtietb Section of Article II, of the Con-
stitution, which oath shall be filed in the
Office of che Secretary of State.
Sec 8. That the Governor, Comptrol-
ler-General, State Treasurer. Secretary of
State and Attorney y-General are hereby
declared to be an Advisory Beard to the
Land Commissioners, and said Commis
sfoner shall, in all the duties imposed
upon him by the provisions of this Act,
be governed by theirinstruetions and ad-
vice. = ::sS.I =
SEC. 4. That it shall DE, ,thesduty of the
said Land Commissioner,to purchase, or
cause to be purchased, any lands in any
portion of the State, improved or unlm-
proved, atsuch price as the said Advisory
Board may determine, not to exceed In
the aggregate amount, lin any 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 Commissioner bonds of this
State in the sum of two hundred thou
sand dollars, with coupons attached, if in
the opinion of the said Advisory Board
SO much be necessary, bearing six per
cent. interest, the principal payable in
twenty years, at the financial agency of
this State in the city Of New York, the
bonds to be signed by the Comptroller
General, and the coupons to be signed by
the Treasurer of the State; the faith and
credit of the State is hereby pledged to
ahe payment of the principal and interest
of said bonds; and ahslifi oient amount of
taxes is hereby levied to pay the interest
accruing on said bonds annually.
SEC. 6. All lands purchased by said
Land Commissioner shall be sub-divided
into sections containing 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
Eve wears from the date of such purchase.
snd 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 Vr
of this State, and, in addition thereto,
shall, in every year after the third from
the date of said purchase, pay one-ffth
of the principal. The titles 20 said land
shall remain in the State until the amount
of said purchase shall be paid, principal
and interest; but certificate of such Pur-
chase shall be assignable at three years
from date thereof: Provided, That in ev-
ery case when a person purchases more
than one section Of fifty acres, they shall
pay on such excess onetourth cash, ana
the balance to be paid in equal annual IN,
stalments 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.
SEC. 7. 1t shall be- the duty OF the SAID
Land Commissioner to deposit with the
Treasurer of the State all moneys collee-
ted bv 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 OF
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 depos-
tied with tAe 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 purchase
of said lands; the interest accruing on the
bonds of the said sinking fund shall be
applied to the pay ment of the interest
unon the stocks or bonds of the Stats is
sued for the purchase of lands.
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
=, "A 49, cold land Commissioner