The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-05-15
$4,000 ACRES STATELAND
FOR SALE, JUNE AND JULY
State Auditor S. G. Iyerson Announces That State Land
Sales Will Be Held in Eighteen Counties
During June and July.


bid for them they must have
their money there to be paid on
the day of the sale.
If a party bids in land and re-
fuses to make payments; in other
words, if be makes a straw bid,
the state auditor may refuse to
accept any further bids from
that party, and debar him from
bidding upon any tract or par
ticipating further in the sale.
The state proposes that there
shall be a square deal. Lands
are sold IN 4O-acre tracts where
requested. Not more than 100
acres can be put up and auctioned
off at a time. The state employs
no agents and pays no commits
sions. The state is unable to
furnish for distribution detailed
descriptions of the tracts offered
or map showing the land.
By calling at the state audi
tors office at the capitol, St.
Paul, access may be had to the
reports of the appraisers who
have examined the lands. The
state employs no one to show the
lands; the prospective purchaser
must look them up on his own
account.
Lists Of lands offered will be
furnished upon application.
Fifteen per cent of the purchase
price and interest on the unpaid
balance Of the purchase money
from the date of the sale to June
1, following must be paid at the
time of the sale; the balance can
run for forty years on interest
at 4 per cent per annum payable
annually in advance on June 1
each year, provided the princi.
pal remains unpaid for ten years.
If the principal is paid in full
before the expiration of ten
years, the rate Of interest to be
paid is 5 per cent. The princi-
pal can be paid at any time-all
at once or in partial payments,
at the pleasure of the purchaser,
subject to the before mentioned
provisions as to the rate of inter-
est. The state issues certificates
of purchase to the purchaser of
state lands, which are assignable
and should be recorded in the
county. IT,.
Not more than 32O acres can be
sold or contracted to be sold
to any one purchaser.
Within five years of the date of
sale, the purchaser or his as
signs must perform at least one
of the following requirements:
!! III Fence at least 25 per cent of
said tract for pasture and con-
vert such portion into pasture
land, or III Cultivate at least 5
per cent of said tract; or [3] build
house and actually reside upon
said tract for a period~of twelve
| months. ~
All paym ents of principal or
interest must be made to the
county treasurer of the county
in which the land is situated.
No lands can be sold at private
sale. The state reserves the
mineral on all it's lands.
LIBERAL1TY OF STATES TERMS.
The liberality of the states
terms of sale may be best ex-
planned perhaps by illustration.
If a purchaser bought 40 acres
alta state sale held upon June 1,
1907, at S6 per acre, his down
pay ment would be Is per cent of
the purchase price $24O, or $36,
and interest upon the balance of
the purchase price, $40, from
June 1, 1902, to June /, 1908, at
the rate of 4 per cent per annum,
amounting to 1886, making a
total down payment of $44.56.
Then all the purchaser would be
required to pay for 40 years
would be the annual interest
amounting to $8. 16 and the taxes.
Bearing in mind he must,clear
and cultivate at least two acres,
! or make slight improvements as
above indicated,
! The land to be sold in Beltrami