The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1909-07-06
COLLEGE LANDS ON MARKET
SELL TO HIGHEST BIDDERS

1 surface ~ ~ per cent or more. and
less than 30 ~ per cent. hat is
tnlablc. productive and suitablr for
farming purposes. are dcuominatcd
as grazing land and may be- sold In
tracts not exceeding one section on
Gio acres. An lands having less
than IT, ~ per cent ot it's surface
tillablc are 10 be classcd ass noun
famous land. or barren. and may be-
sold In tracts not exceeding two sec.
tious. or l.2SO acres. as the commits
sion deem best All the land of
higher percentage than the grazlns
land is classcd as agricultural and
Individual sales are limited To 100
acres.
While thus limiting individual pur-
chascs, there is nothing TO prevent
all members of ones family from
also getting lGO acres apiece. How
ever with view of preventing the
land from going In large bodies to in
diNiduals, the purchaser is required to
make affidavit that the land is for
his or her own use and benefit. and
neither directly or indirectly for use
or benefit of any other persons, firm.
association or corporation. other.
wise sale will not be- ratified Add.
ed to this If the buyer makes the re-
quircd affidavit he or she is prohib-
tied from transferring any of rho
land SO bought, from the state within
five years to any one holdil& rs
much as 100 acres of other land
Aliens who are not citizens of the
United States are barred by terms Of
the state constitution.
The land is to be sold a, public
auction on long time payments. Sales
will occur at the door of the court
wherein the county court is held"
according To terms of sales act. which
means the county seal, or court town.
will only include such lands as are
situated within the county, and only
one county sale is 10 be- held week.
The school land commissioners win
provide the auctionccr and rules gov.
cning sales
Each bidder is required to dcposu
with the commissioner of the land
office or his authorized agent. bc.
fore making bid. at lcas; 10 per
cent OF the value Of the lcsscc's
improvements. No other deposit is
required II tract is occupied by
4, lessee ne shall have a prefer.
cucc right 10 buy lGu acres of il. IL
Of less acreage, as much as ne holds,
but n order 10 exercise his prefer
cucc right is required 10 pay the
highest figure bid on the tract To H.
lustrato II a lessee bids $40 per acre
for his lease holding and an outsider
should raise him to SO per acre the
lessee I'm order 20 get the property
will have to pay $l5 per acre.
After The bidding is done and an
INDEPENDENT bidder J., high, the les
sec exercises his preference right and
desiring TO take the land under the II.
mrratiou given. must Immediately
make i, known or lose his opportuu.
ity ON thc other hand. IL mo- bid is
made the lessee les given tho addi-
tloual right of taking tho land az the
stu.s appraised value. Iu event the
lcssrr does mo-, become purchaser
of 'ho land ho is given time TO gath.
"d AN Of his growing crops
should the lessee fail 90 meet IN,
highest hid then the other person
90 whom the tract is knocked down"
is required 20 pay TO the lessee the
appraised value of an improvements.
The improvements consist OF houses,
fencing, trees, buildings. wells. etc
In addition to the fun value of the
improvements the buyer is rcquircu
10 pay ~ the state al least per
| cent of me figure bid. except where
the land sells for less than 81 l,o0l
, N which event the cash payment
!, must b" $40. Tho state allows forty
: years time u o per cent per anuum
4 20 Nquidatc the remainder. but after
, five years time the buyer may, az The
: time ~ any interest payment, pay
r any or all OF the deferred payments
4 Residence upon the land is nor a
Y requirement, but II tract ne umm
I proved the buyer is required 10 estab
lish and maintain valuable and last
ing improvements upon il. Thu,
means something more than a fence
. or a crib. If the tract be classed a.
grazing land such requirement must