Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1890-01-24

lands as shall not have been specially sub
divided shall be offered in tracts of one
quarter section. and those so Subdivided in
the smallest di visions.
SEC. II. Said sale shall take place only
between The hours of 10 O'clock a.. H., and
5 O'Clock p. NJ, but it may be adjourned
from day to day, or over Sunday or any
legal holiday. All tracts Of lands adver-
tised for sale shall be sold or offered for
sale in the order in which they occur in
the advertisement for sale.
SEC. 10. Each tract of land shall be sold
upon the following terms, to-wit: The
purchaser shall pay one-tifth of che price
in cash at the time OF sale, and the remain
ing four-fifths as follows: One fifth in five
years, one fifth in ten years, one-ifth in
fifteen years, and one. fifth in twenty years,
with interest at 8 per cent, payable an
under lease at the time OF purchase, when
such leases expire September 1st follow.
ing, shall be entitled to possession on said
September 1st, subject to the right of the
lessee to remove his crops from said land.
Purchasers of land not leased shall have
and confirmation of said sale by the board
of university and school lands.
SEC. 10. Within five days after such sale
shall have been concluded. the county
board OF appraisers shall certify to the
state auditor a list of the land sold as pro-
vided in the preceding sections with the
chaser of each tract. And The hoard nf mi
versitv and school lands shall annrove and
confirm the sale of such said tracts, as mon
examination of such certified lists and
such further information II inveStiga-
ton as shall be deemed necessary, shall be
the law and without fraud or collusion.
SEC. 20. The board of university and
school lands shall return to the cunntv
| board of apuraisrr, a certified list of the
lands SO sold. the sale Of which shall have
been aunruvrd as aforesaid and a dmnIicate
| lisl also TO the trrnsurrr, Of the rrsurrtivn
counties The colntv hnards of annrdisrrs
shall thu re,nnn in Writiny mniifv thp mr.
chasers OF said lands r,snectiyeiv of The
| appmya| of said sale NV said board of mi
vrrsity and schUi lands.
SEC. q. Within ten DAYS ftcrsuch Motif.
cation to the purchasers Of lands the ale Of
| which has been approved as aforesald,the re-
sppctive nurchnsrrs Of said lands shall nav
to the treasurrrs Of the respective coun,
ties the ANIMAL iutcrn,I on thn drfrrrrd
Oavments as nroviIrd in this act and shall
exscut,. contracts for the purchase of their
respective tracts in the form prescribed by
the board of university and school lands.
which contract shall be filed with the sec,
as they hrcome dine. and ali the ANIMAL in
tprcst on such deferred payments. Shall he
paid to the county trpasurers of the re-
supctiye counties in Which such lands SO
sold are situated. The county trrasurerS
of their resnectivc counties Shall nav to the
| state treasurer the money received 6v them
as payments of the purchase price Of said
lands. which said money hall by said state
treasurer be credited to the permanent
school fund of the state. They shall also
nav TO said state treasurer he a,nount re-.
crived AS interest on said deferred nav
ments of purchase price of said school
lands. which amount Shall be credited by
the state treasurer to thr account of the in.
terest and income of fine nermanpnt school
fund.
SEC, 90, When the lands sold under the
provisions of this act Shall have been fully
bald for. both purchase price and interest,