The St. Cloud journal. [volume] (St. Cloud, Minn.) 1866-1876, 1870-03-10
THE LAND AID 1QND ,pILL,

-, O. L
THE LAND A'0 epFD ls'1I: [
Copy = tn. Law a. :P.;.,.-sp,,,.,
n''isae.1. Nay.
A Bin tera Set 70 dl,pos, Of the five hun
dred thousand acres Of internal improve
msnt lsnls. e.
Be- It Enacted By Tie Legislature Of the Stat.
Of Ainnesots:
&c., l. Eve hundred Thousand
acres Of land which the State has ,e-
eeivsd or which it shall hereafter re-
oelve under tho eighth section of the
act Of Congress, approved Sept 4th,
lA1, and the proceeds thereof, are
hereby set apart Is q, separate fund to
Do denominated the estate Internal
improvement FUND.-" and said lands
shall be disposed Of only in the man.
ner following:
Sec. 2. The Commissioner of the |
State Land Office shall cause a notice to |
b be published in two daily newspapers !
in st. Paul, and in a daily newspaper |
in each Of the cities OF Chicago, Mil.
waukee, New York, Boston, Hartford
and Philadelphia, containing general
description Of the location aud charac-
ter of said lands, and that the same
shall be offered At public auction at
the Capitol in the city o; St. Paul, ona
Tuesday, the 9th day. Of December,
1870, and on the following days until
they shall all have been offered.
Sec. 3. If on or before tho day ap-
pointed in such notice, there shall DO de-
posted With said commissioner, not less
than two thousand Minnesota State
Railroad Bonds, Nth all tho unpaid
coupons attacked, With written CON-
tract on the part Of the owners thereof,
agreeing to purchase said lands under
this act to tho extent Of tho bonds 80
Deposited, and in case Of failure to Dur
chase said lands, authorizing the said
commissioner to .selsee and, etapart for
aid depository, from the land. remain
! ing unsold IN amount 81 said lands &C.
naming unsold; which .tzthe; minimum
, price shall equal thst amount saio Of said
bonds 70 ,depes;tsd; ,witk< tho interest
thereon; then md in that case said
commissioner shall proceed on tho day
named in said notice, aud following
! days, At bis Office, to offer at public
. sale tho said lands in tracts of 100 acres
Or smaller Government subdivisions
t and sell the same to tho highest bidder
. but in no case for less than eight dol
6 lam and seventy cents (ss.70) per acre
0 After al Of said lands shall have bee,
II 70 offered at public sale, if any renal,
/ unsold, said commissioner is authorize,
to sell '.id remaining land4s a.: i At privat
~ sale, on the terms herein stated, at sal
X: minimum price Of eight dollars an
10 seventy cents ($8.7o per acre, with i,
% terest on said price from the; commence
10 ment of said public sale. 1f;the holt
At en- or owners Of tho bonds, judgmen
or claims 50 deposited with the oommi
IL sioner, do not purchase land At .sai
n public sale to the amount Of said depo
!. its, and do not, within thirty days ,
I'll ter 'hs CLOSE Of s.id public sale, con
,safipg md purchase Ct private sale to Il
40 amount Of such deposit, or to the 9
e tent Of the said lands remaining uusol
81 then and in that case, said commissio
=. or shall select and set apart for .aid d
w. positors respectively ftem the Ian
y. remaining uaasold, an amount there
:! "e!cn' a. 4elo mlnamum; price, sh
.,a ea QY theg slpm9ount Of said bonds, jud
!: uents and claims so deposited, vi
w tho interest thereon, and shall isa
~ certificate. therefor to said parties
!, spsetive!y, ap 81, shall retain as p.ym.
! rt' the said bonds; judgments and olai
10; 50 deposited, the same as if said part
e :; thbaa pa'HF e| at public Or priv
I! SIS IS Il payment; :; # sai3 lind.
The such s.le,. the Comnisasioner shall ,
ON n osive lawful money: Of 9be = nit
R beg Est.tes. Minaneassot. State Railro
Bonds, viit6 Ill UP Unpaid f' coupons alta
The ed, and the Judgment, legally transfer,
to to the estate of Mcdonald l. Grahs
it and Flu, Grinda!l 4 Keepers, menti
, y ed and referred to in chapter l52,
'iR1 page s9s Of the Special Laws of 49,
i yith tho accrued interest there
70 Provided, hn'eever, That no ihtsr
!i.s 'h B! ! b computed or allowed on
] y, :; interest o. coupons Of said bonds
t = e|.i1ness, ard provided further til at
bA innatared coupons If said bonds ST
,,t be surrendered wifh thu ebohds. ~
i = Sec. S. All Minnesota State R.
H. rod bonds received in payment
're- said lands shs>l' be cancelled By.
ID, State Treasurer, and never again b.
:,es issued: ~ S'~ Is .s>
AL SEQ. s: The Commissioner Il" Il
! ip:t execute md deliver to each par,ch,a;
il !. Ssr6kestt5; t dsssiiBine the lands ? !,
)o0 chased 81 hin; and stating that
-: holder and lis heirs, assigns and
nj ,visees shalf be entitled to receive
IS deed of sid lands upon demand, to