The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1869-04-15
(OFFICIdL.l
Acts Passed by the State Legislator,

(OFFICIAL]
Acts Passed by the State Legislature.
An Act to prouide for the appointment of n
Land Commissioner, and to define his
po,uers and duties.
SECTION l. BE ii enacted by The Senate and
House of Representatives. of The State Of South
Carolina, moao met and sitting in General As
senably, and by The authority Of Me same, That
the Advisory Board hereinafter created is
hereby authorized and required to appoint
suitable person to be known as the Land
commissioner of the State of South Caro-
lima; said Commissioner, before entering
upon the duties of his Office, shall execute
to tie people of the State OF. South Caro-
lima written undertaking, with good and
sufhclent surety, 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
filed in the Office of the Secretary of State.
His salary shall be at the rate of two thou
sand dollars per annum while on duty.
SEC Q. 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 sub
scribe the oath prescribed in the thirtieth
Section of Article II of the Constitution,
which oath shall be filed in the Office Of the
Secretary of State
Sec. 3. That the Governor Comptroller
General, State Treasurer, Secretary of State
and Attorney General are hereby declared
to be an Advisory Board to the Land Com
missioner; and said Commissioner shall, in
all the duties imposed upon him by the pro-
visions of this Act, be governed by their in
structions 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 por-
ton OF the State, improved or unimproved,
at such price as the said Advisory Board
may determine, not to exceed in the aggre-
gate 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 Commissioner bonds of this State
in the sum of two hundred thousand dol
lars, with coupons attached if in the
opinions of the said Advisory Board SO
much be necessary, bearing six Per cent in
terest, the principal payable in twenty
years, ut the financial agency of this State
in the city of New York. the bonds to be
signed by the, Governor, countersigned 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 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
Commissioner shall be sub divided into Sec
tions containing not less than twenty five
nor more than Que hundred acres, to be
sold to actual settlers, subject to the condi-
tion that one-haif thereof shall be placed
under cultivation within five years from the
date of such purchase, and that the pur-
chaser shall annually pay interest at the
rate of six per cent. per annum upon any
moneys remaining unpaid, and also all
taxes imposed thereon by the authority of
the Uunited States or of this State, and, in
addition thereto, shall, in every year after
the third from tho date of said purchase,
pay one-ffth of the principal The titles
to said land shall remain in the State until
the amount of said purchase shall be paid,
principal and interest; but certificate of
such purchase shall be assigpable 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 one-fourth cash, and the
! balance to be paid in equal annual install
ments of one-fonrth the amount of purchase
each year: Procided, That no person shall
be entitled to purchase, in his own name or
| for his own use, more than one hundred
| acres.
Sec. 7. It shall be the duty of the said
Land Commissioner to deposit with the
Treasurer of the State all r'oneys 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 of the State issued
for tho purchase of said lands; and to in
vest in bonds of this State all moneys re-
ceived by the said Land Commissioner in
payment for said lands as principal; said
State bonds to be deposited with the Trea-
surer of the State, to constitute sinking
fund for the final payment and redemption
OF oil stocks or bonds issued by the State