New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1916-08-11

to pay all cost OF advertising n ex-
pense OF holding sale. The amount of
cost varies, depending upon the
charges made by local newspapers.
and the distance from the State Cap
ital TO the county seat of the county
in which the lands are located, which
makes a variation in travelling expen-
ses incident to such sale.
Again, If a number of sales are
made, the total expense of advertk-
ing and holding sale is divided among
all the purchasers. Individual sales
cost about >seventy-five dollars, but
where a number of sales are effected
at the same time the expense is often
reduced to five or ten dollars each.
After the application is received by
the State Land Office, an examina-
ton of the land is made for the pur-
pose of determining the accuracy or
the appraisement, and also for the
further purpose of ascertaining
whether the sale of the land SO Sc
lected will interfere with the sale of
the balance of the tract, providing
there is any such balance. If every.
thing is satisfactory, notice is then
given by publication that this land
will be sold at public auction, as're-
This notice must be published
for ten successive weeks in
one newspaper nearest to the land.
and in another one at the state CAPT.
tai for the same length of time, and
must contain a full description of the
land, as given in the application to
purchase. together with the day, hour
and place Of such public auction. OF
besides the applicant may bid on this
land at the time of sale, and in all
cases it will be sold to the highest
bidder. The purchaser of the land 10
required. on the day of such purchase.
to pay four per cent per annur
interest, one year in advance, On all
deferred payments on the land, and
one-tenth of the purchase price. Ii
another than the original applicant
for the land should be the purchaser.
then the money deposited with the
State Land Office to cover expenses
of sale, will be returned to the orig
inal applicant for the land and the
actual purchaser will be required to
pay such expenses of sale, including
publication Of notice etc.
If he prefers to do SO the purchaser
may pay ali cash for the land at the
time he buys it, or at any later date.
and thus secure his deed without
further delay; or he may take pos
session OF the land under a contract
of sale entered into between himself
and the Commissioner of Public
Lands. the terms of which require an
annual payment of one-thirtieth
0-30) of the balance due on the pur-
chase price of the land, and one
years interest in advance, on all
deferred payments, at the rate ot
four per cent per annum, payable on
the first day of October of each and
every year until the whole sum is
paid, thus giving the purchaser thirty
years in which to complete his pay
ments, by simply paying yearly in
sallments of equal amounts and the
interest on all unpaid sums. When
he has completed these payments in
full he will receive a deed from the
state conveying an absolutely clear
title to the land.
During the years pending final pay
ment on the land. the purchaser pays
taxes on his equity therein, and on all
Improvements placed on the land.
1t is not necessary to live on state
land in order to cur title to it.
as it may be purchased either as an
length OF time, or it may be bought
for a home and improved, or used
for grazing purposes, whichever the
purchaser desires.
The least amount of acreage that
may be purchased is forty acres, or
a fractional lot which sometimes con-
a little less than forty acres.
but there is no limit to the largest
amount hat any one may purchase,
is at liberty to buy as many
acres as he can pay for.
Lands lying east of the line be-
tween ranges eighteen and nineteen
east of the New Mexico Principal
Meridian, cannot be sold for less
five dollars an acre, and lands
lying west of that line cannot be
sold for less than three dollars an
acre.
Lands which are, or may become
susceptible to irrigation under any
United States Government Reclama-
ton project. cannot be sold for less
than twenty-five dollars an acre.
State school lands, which incluAs
sections 2, 10, 81 and SO in each town
cannot he sold for less thar
en- dollars an acre unless they ara
contiguous to other state lands, in
which case they may be sold for the
price obtained for such state
ands adjoining them.
LEASING STATE LANDS.
State lands are subject to lease icr
or agricultural purposes.
I~razing lands are leased for five
,cnts an acre, per annum, and agri-
.~ultural lands for from ten to twenty
an acre yearly, according to
ne location. quality and condition of
he lands. These rates, however, are
ubject to change, but not during the
life of the lease.
Leases are made for five years,
ubject to sale of the land at any
ime during that period, possession
o be given on the first day of Oc-
ober following the date of such sale.
In order to secure state lands for
the same preliminary proceed
re is necessary as required in max
ng selection of lands for purchase.
he applicant must first make his Sc
ection, have it surveyed and apprais-