Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1913-04-13

situated In this state may be acquired
land held hy aliens. whether resident
or resident under the rcstric-
tions, terms ANA conditions herein set
forth, hut not otherwise
(a) Any alien may hereafter oc-
quire hv purchase or otherWi Use tcx-
Cepting hy devise or descent. which
ARE hereinafter provided TORI any
right. title ur interest In or To any real
property situated IN this state and
may hold the same for the period of
one year. after the date of SO acquir-
ing such title. right cor interest but
period of one year, all real property So
held hy such alien, shall be subject
To escheat To the state ct California
and proceedings for such purposes
shall Dee taken as hereinafter provided.
subdivision tbl relates to proper
ty acquired by devise or descent or
provides that It may be held for
period of one year after the date of
final distribution. when it shall be-
come subject To escheat to the state.
as in subdivision N)
Section three of the act provides
the same limitations for corporations.
whether formed under the provisions
Of the laws of California or of any
other state or country "a majority of
the ISSUED and outstanding capital
stock of which shall be owned or be
held hy any alien or aliens"
Section four relates 10 contracts
land leases. and reads as follows
"No contract. agreement or lease
whereby real property or any inter
est therein is hereafter let leased or
rented for a longer period than three
years shall he made 10 any alien or
to any corporation of the class de-
scrihod I'm section three OF this act.
and no renewal or extension Of any
such contract. lease or agreement
shall he made extending said period
of three years
Section five provides that an alien
or am alien corporation hereafter ae-
duirine. owning or holding real prop
erty' In the state of California. IN
contravention to the expressed pro-
visions of the act may convey the
same no any time before the com
mencement OF escheat proceedings
Property may be conveyed TO an
other alien or alien corporation TO be
held for period not exceeding one
year Il Is provided that "if any such
conveyance shall be made with the
intent on for the purpose Of evading
the provisions Of this act. such CON
vcyance shall render the property
thereby conveyed subject to escheat
TO the state Of California for the
benefit Of the state school funds"
The property rights conveyed
through citizenship are defined In
section six as follows
Nothing I'm this act shall apply 70
any real property acquired. owned or
held hy any alien who shall have de-
clared his intention of becoming a
citizen of the United states. accord
ing 10 law. or who shall have become
a citizen Of the United States. or to
any real property acquired. owned or
held hy any corporation, the owners
of the majority stock of which shall
have declared their intention Of he
lcaing cit'zcnr of shc United states.
according to law. or who shall have
become citizens
An absolute guarantee of treaty
rights to every subject of a f0reign
power is contained i'm section seven,
which reads as follows
THE provisions of this act shall not
impair or destroy any right secured
to any alien under the provisions of
any existing treaty between the Unit
ed states and the country Of which
such alien shall he a citizen or sub
ject"
The remainder of the bin defines
the procedure to be affected i'm bring
ing action in the name Of the state Of
California declaring property held in
violation of the act TO be subject to
esoheat.
As an additional safeguard to the
constitutionalitv Of the act. the fol-
lowing paragraph has been appended
section il-lf any section SEN
tenee clause or phrase of this act is
for any reason held to be nconstitu-
tional such decision shall not affect
the validity of the remaining portions
of the act"
The bill contains nothing that can
be construed as grounds for confisca-
tion or cseheat Of any property held
prior to the time the law goes into
effect