New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1916-11-10

After the application IS received b,
the State Land Office, an examina
ton OF the land is made for the pur
pose OF determining the accuracy 0
the appraisement, and also for thu
further purpose of asc~ertainint
whether the sale of the land so Sc
lected will interfere with the sale o.
the balance of the tract, providing
there is any such balance. II every
thing is satisfactory, notice is Their
given by publication that this lane
will be sold at public auction, as re.
quired by law.
This notice must be published
for ten successive weeks in
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
course, it is understood that others
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 is
required, on the day OF such purchase.
to pay tour per cent per annum
interest, n year in advance, on all
deferred payments on the land, and
one-tcnth OF the purchase price. II
another than the original applicant
Tor the land should be the purchaser,
then the money deposited with the
state Land Once to cover expenses
OF sale, will be returned to the orig
inal applicant for the land and the
actual purchaser VIII be required to
pay such expenses of sale, including
publication OF notice etc.
If he prefers to do so the purchaser
may pay all cash for the land at the
time ne buys 1t, 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 mo between hlmscli
and the Commissioned OF PuOilC
Lands. the terms Of which require an
ANNUAL payment OF ~onc-thrtieth
l-3U) OF tie balance due on the pur-
chase price of the land, and one
years interest in advance, on all
M pay hlAItos at ~ ihAI VI
tour per cen per annum, payable OIL
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
Nallments OF equal amounts anu 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
men on the land. the purchaser pay
on his equity therein, and on al
Improvements placed on the land
1t is not necessary to live on state
and IN order to secure title to IT,
as 1t may be purchased either as an
investment and lett idle for any
,ength OF time, Or it may be bough,
for a home and improved, or used
Tor grazing purposes, whichever IN
purchaser desires.
The least amount of acreage thai
may be purchased is forty acres, o.
a fractional lot which sometimes o
tdillN 81 lNliN SO Aidh l'it !
but there is no limit to the large>'
amount that any one may purchase
He is al liberty to buy as man>
acres as he can pay Tor.
Lands lying east Of the line be
tween ranges eighteen and ninetecr
east OF the New MeNiGo Principa
Meridian, canro be sold Cor les
than five dollars an acre and land
lying west OF lat Inc cannot BE-
sold for less nan three dollars al
Lands which are, or may becom
susceptible TO irrigation under any
Emitted States Government Rcclama
ton project cannot be sold for les
than twenty-five doiIus an acre.
State school lands, Nnich inClrd
sections ,. 10, y and 30 in each town
snip, cannot be sold for less thar
dollars an ACRE unless they ar,
contiguous to other state lands, il
ease they may be sold tor tht
,ame price obtained for such stat,
lands adjoining them.
CThTr ANTS