Sturgis advertiser. (Sturgis, Dakota [S.D.]) 1887-1???, 1890-03-20

tity to be selecred that the moet valuable lands
may fret be selectei AMI de signated for SALE
SEC. IA. Fof each county there Is hereby
created a board OF appraisa. consisting Of the
| commissioner of .sehool and public lands, the
| state auditor and the superintendent of schools
Of such county, Whenever the board Of school
| lands in any county TO be offered for sale the
| board of appraisal Of such county shall select
| the. quantity required and designate for sale
each tract. Said oard of appraisal shall take
1 care to first select and designate for sale the
/ most valuable lands and shall ascertain all
such lands may be of special and peculiar
value other than agricultural, and cause
the. proper sub iyision Of the same
in order that a. the largest ase price
of the subdiys on of any tract shall be aid
out of the interest and inc ome fund of the class
] Z, which such tract beloi gs, on warrants
| drawn by the state auditor Such lands as
shall not nave been specially subdivid d shall
! be designate in separate tracts of not mora
than eighty q res ch, aud the smallest sub
divisions of those SO subdi .1ded snail sep
arately designated. The board of appraisal
| shsll appraise each separate ira of land SO
| selected and design tied at it's actual value
/ under the terms of sale, except such a. wsre
granted by the aforesaid acts o: ongress of
| Feb. Is, 1881, aud vested by fection IA. OF
aforesaid act OF congress of Feb. %, 1879. Re-
| turns of all appraisals shall be made to the
/ commissioner CT scho and ublic lands De.
/ soriptions of 8 ch the lands SO selected and
/ designated as w4re granted by said acts Of
| cor gress eb. If, 1881 and vested by section IA
| OF said act of congress of Feb %, 1882 shall bo
/ furnished to the govern rby the commissioner
| OF school and public lands, and the gov .rnor
| shall request the secretary of the interior of
the. United States to order the app aisal OF
| such lands and to appoint commits sioaers for
! such purpose.
| SEC 49, Whenever lands situated in any
county shal be selected and designated for
! sac, and the returns of the appraisal thereof
! have been made to the office of the commits
/ soners of school and public lands. or when re-
| turns of the appraisal of lands apprai led under
| the direction OF the secretary of The interior
shall have been procured by the commissioners
| of school a. public lands, such appraised
| land shall be advertised for sale at public auc-
| ton by the publication cnce week for at least
sixty days in a newspaper OF general cireuia-
| tion published In the vicinity of such lands,
| nearest such lands, of notice Of such sale,
containing a des jription stating the number of
the township aud range in which such lands are
| situated, stating the time and place at which
such sale of land will begin. notice OF such
sale shall also be published once a week for at
| least sixty days in newspaper OF general cir
culation published at the seat of government.
SEC. 16. No land shall be sold for less than
the appraised value and in no case for less than
| $40 an acre. The purchaser of lands donated
| for educational and charitable purp except
such as may be and shall be sold for cash. shall
pay one-fourth of tho price in cash and the re-
manning three-fourths as follows: One-fourth
in five years. one-fourth in ten years, one
fourth in fifteen years, with interest thereon at
the rate OF per centum per annum, payable
annually in advance. Upon payment of the in
terest for one full year in advance. the balance
of the purchase price may be paid at any time.
ALI specially subdvIded ,nds may be sold for
cash. Such ltnds as shall not have heen spe-
cially subdiv, shall. be offered ior sale in
tracts of not more than eighty acres, and those
| SO subdived shall be offered in the smallest
subdivision.
SEQ II. All sales shall be conducted through
| the office of the commissioners of SCHOOLS and
| public lands. Under the supervision of the
| said commissioner, the superintendent of
schools of the county in which the lands to be
| sold ara situated, shall at the time appointed
direct the sale of the lands des gnated. Said
lands shall be sold at public auction to the
highest bidder at the front door of the court
house in such county. the at the front door OF
the building in which the office of the register
of deeds of the county is located, and between
the hours of 10 o'clock q. M, and O'Clock p.
m, only. No bid shall be received for less than
the appraised valuation and in no ca for less
than $40 per acre. The superintendent of
schools may adjourn the sale from day to day.
and for good cause may adjourn it for period
of not more than three day 8.
SEC. IS. Whenever q bid is accepted the pur-
chaser must at once deposit with the county
treasurer the amount of the first payment of
| the price named together with the amount of
the interest for one year on the defe rred pay
ments, or if the tract be sold for cash, he must
deposit the full amount of the price named, and
| in either case take the treasurer's receipt for
the money deposited, q copy of which receipt
shall be retained by the treasurer in his ofhce.
The purchaser shall exhibit such receipt to the
| superintendent of schools who shall thereupon
make a complete report of the case to the COM
missioner of school and public lands. No sale
shall operate to convey any right or title to any
lands for sixty days after the date thereof, nor
until the same shall have received the approval
of the governor.
SEC, 10. The commissioner of school and pub
lie lands shall, on receipt of rep. rt that
| tract has been sold, cause to be pre-, ared con-
tract of sale for such tract in duplicate, accord
ing to q form which the board of school and
public lands shall prescribe if the land is to be
paid TO, in installlnents and shall submit the
same to the governor for his approx val. Should
the governor approve the sale, he shall certify
to such approval upon the contract, and the
commissioner of school and publioslands shall
thereupoa execute the same. One copy of said
contract shall be filed in the Office of the said
commissioner and the other shall be forwarded
to the superintendent of schools to be delivered
to the purchaser after the expiration of sixty
q ys from the date of sale Whenever the said
commissioner receives report stating that
tract las been sod for cash, hs shall report
| sIoh sale to the governor Should the governor
spprove the 8 le, the commissioner shall cause
to be prepared a patent for such tract. accord
ing to form which the board of school and
public lands shall pres cribe. which shall be
ecuted in the namo of the state by the governor,
under the great sea of the state and attested
by said commissioner. Such patent shall be
forwarded to the super ntendent of schools
for delivery to the pui chaser after the ex-
piration of sixty days from the date of sale.
Upon the delivery of a contract or
patent to a purchaser as herein provided the
superintendent of schools shall notify the
county treasurer of such delivery. The county
treasurer shall then pay to the state treasurer
the money deposited by said purchaser. Should
the county treasur shall return to the pur
chaser thereof the sum in full deposited for
such !tract, taking such purchasers receipt
therefor on the back of the original receipt
issued to such purchaser.
SEC. q. The county treasurer of each county
shall, on the first day of each month, pay to the
state treasurer all moneys received by him
during the preceding month on acc cunt of leased
or sold lands.
SEC. 81 The state treasurer shall keep dis
tinct and separate account of all moneys
md
each other class of land, aud also keep distinct
and separatelaccounts both of principal and in
terest Of moneys received on account of each
class of lands sold. He shall furnish the com
m ssioner Of shooi and public lands statement
of all money; received on account of each tract
leased or sold.
SEc.22. The income from the leased lands of
each class and the interest on the permanent
fund of that ella shall be assigned by the state
treasurer to @ fund to be known as the interest
and income fund of such class. The principal
OF moneys derived from the sale of each class
of lands granted to the state for educational
and charitable purposes shall be assigned by
the ate treasurer to fund to be known as the
permanent fund of such class.
SEC. %. The commissioner Of school and pub
lie lands shall keep an accurate account of all
mon vs. due or to become due the state on ac-
count of leases and contracts of sale. He shall
supervise the collection of all mo 1eys due as
aforesaid, and shall ON or before the first day
of January OF each year transmit to the treae-
urer OF each county statement Of the sums to
become due during the ensuing year from le:s-
ees and purchasers of lands in such county.
Sec. "a. Each class of lands. when offered for
sa or lease, shall he advertised in separate
notices, and the advertising for each class shall
be pad for at legal rates, on warrants avn by
fund of such class. Every bill for such adver-
tiSiDR shall be verified by the pubisher's affi-