The Alaska citizen., 1916-08-14
REGULATIONS OF
 SALES AT NEW
 RAILROAD TOWN
ONE.THlRD OF PURCHASE PRICE MUST BE PAID DOWN.
 BALANCE ON TIME.

more and more people are becoming interested And from all sides are heard inquiries relative to the con ditions which will be imposed by the government on those who pur chase lots, in the matter of paying for the same. It is therefore deemed advisable at this time to print the regulations governing the sale of lots, although they have ap peared in these columns before, and they are as follows:
 The unreserved lots will be of fered at public outcry to the high est bidder at such time and place, and after such publication of notice, if any, as the Secretary of the In terior may direct, and he may ap point or detail some suitable per son as Superintendent of the Sale to supervise the same, and may fix his compensation and require iillll lO bifc DoLlu
 Under the supervision oI the Sec retary of the Interior, the Superin- tendent of the Sale will be, and he is hereby authorized to make all ap- praisements of lots and at any time to reappraise any lot which in his judgment is not appraised at the proper amount, or to fix mini mum price for any lot below which 1t may not be sold and he may re- ject any and all bids for any lot and at anytime suspend, adjourn, or postpone the sale of any lot or lots to such time and place as he may deem proper.
 Bids may be made either in per nor at any time or place other than the time and place when the lots are offered for sale hereunder, and any person may purchase any num- Der of lots for which he is the high est bidder Bidders will not be re- Qu4red to show any qualifications as to age, citizenship, or otherwise. If any successful bidder fails to make the payment and file the ap- plication and other papers at the time and in the manner hereinafter required, the lot awarded to him may be reoffered for sale, and his right thereto will be forfeited. Moth ing herein will prevent the trans fer by deed of the interests secured by the purchase and the partial payment for the lot, but the as signee will acquire no greater right than that of the original purchaser, and the final entry and patent will issue to the original purchaser when all payments are made.
 No lot will be sold for less than $2600 and no bid exceeding that amount will be accepted unless made in multiples of five dollars, the minimum of s25O0 on each lot sold for less than s75.0O must be paid in cash within the time hereinafter specified, and If the price bid is $75.00 or more, one third of the bid price must be paid in cash within said specified time; the re- mainder of the purchase price will be divided into five equal annual installments, payable in one, two, three, four, and five years, respect ively, from the date of the registers certificate of sale, and no final cer- tificate of entry will be issued until the expiration of said five years and until payment has been made in full for the lot. and no patent will be Issued thereon during satd period The successful bidder will be given by the Superintendent of Sale memorandum certificate for Identification purposes, showing name and address of bidder, lot, and amount of bid, and the bidder must file 1t with the Superintendent of Sale before the close of the next succeeding sale day, or the next business day if bid is accepted on last sale day, together with his ap- plication to purchase the lot prop erly filled, signed and acknowledged before any officer authorized to ad- minister oaths and using an official seal, and accompanied by the cash payment required by these regula, tions, all on forms attached hereto, respectively, and hereby approved and made a part of these regulations.
 "The Superintendent of Sale will issue a memorandum receipt to the bidder for the money paid, describ- ing the lot purchased, and he will as soon thereafter as possible de- posit with the receiver of the proper local land office the money receiv- ed, and file with It's officers the papers, deposited with him by said bidder, together with his certifi- cate as to successful bidder There upon, If no objection appears. the register will issue his certificate of sale in duplicate and transmit the duplicate copy to said bidder, If it be deemed advisable, the Commissioner of the General Land