The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1908-08-04

lends No person can buy more than
, quarer section Of land
No person except lessee. can by
any Of this land IS he is already the
'wner of 2 duarler section ogland any
yhcrc in the United States: Provided
hai alter the year 1914 The aipoan of
and that one person can buy IS in
reased to half segiiOn.s and after
ne year 1919 tie amount that onp peit
on can buy is increased TO ncf ex-
eedlng one whole section, the idea
ei0e THAT The good land viii be culled
iut IN puauer section tracts In the
'rsi few years and that the unsold
and viii be Of the poor character and
q class of which The one hundred and
XIV acre farmer would not care to
buy
There IS aso provision for the
protection OF the state. that where
and Is more valuable for town lot
purposes than it is for farming ptr-
oses thati5 shall be plated and sold
is town lots. Also where the land is
saluable for oil or mineral purposes
hat these valuable lands shall be .s-
served and sold for the benefit Of Tho
state funds
Apprsisement and Sale.
The land must first be appraised by
> board OF appraisers who live outside
N lha county wherein the land IS To-
ated mat they are appralsng aud
'wo al tfe three appraisers must he
actual farmers If there is a lessee
ipon thc land his improvements shall
He appraised separately from the land
tself
No land shall he sold for less than
be full appraised vame
The lands saall be sold at public
mction at the door of the coart house
a the cnunty where the land Is %
'aied, except town lots, which shall be
old on the land itself
The cash payment shall be of the
alue of the improvements. If any.
md five per cent of the purchase price
II the land with a minimum Of fifty
iollars TO the quarter section. The
emainder Of The purchase money is
liyided into forty equal annual pay
nebts. bearing five per cent interest.
'royided that at any time after five
ears, the purchaser may Equidate his
ieterred payments with interest TO
late
i~N~ifN GAftAiNV DAyiHNs
I'm order that land sharks may not
BY the Use of dummies. acquire q large
rea of this land the purchaser has
limitations and restrictions against re-
'eiling as YOU will see in reading the
lending bill
-axation.
All this public land Is subject TO tax
itioG as soon as the contract OF sale
g lat- 81,
Proceeds Of Sale,
The next question that is raised by
hose who oppose the sale Of these
an@s, Is that other states have sold
heir public lands, and then dissipated
he proceeds 50 that no permanent
urd was kept by the state. This
rgunent in order to look good to the
'eader must deceive the reader by
uniting 70 state the fact that the con
titution OF Oklahoma was more far
lighted than the constitution OF those
tates that lost their money as our
constitution provides that in all cases
ghere the proceeds of sale OF these
Iifferent classes OF land is to con-
titute a permanent fund. that the
rincipal Of such fund shall never be
diminished. and The constitution pro-
ides for ihe kinds Of securities that
his money may be invested i'm, and
hat ! iu any wear there is a single
olar N th's principal lost thai the
a'e fr n thc taxes of the next year
fali frrl9cc the loss, SO as TO keep
he iuil principal amount forever
'uhiio Buildings
IS 20 The porion of This fund only
.hich apples 70 public buildings. the
ecessary investment in public build.
l9s viii be made as needed by tho
iltqrent parts OF the state, but tho
ornament fund for common schools
nd other educational purposes can
e invested only as provided in sec
ion six, article eleven OF the consti-
lli0n, namely: First mortgages
pon good and improved farm lands
lthin the state, (and IN no case shall
lore than fifty per cenhlm of the
aasonabe valuation OF the lands,
dthout improvements, be loaned on
ny tractl or in Oklahoma state
ords Oklahoma county bonds. Ok
lhoma school district bonds, or
'nlted States bonds
SO reader You see that the Okla
Continues on page g.,