New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1918-05-17

; c. u; W. So stNN' gp' 81" w w.
II S-c.ions ?, "a; NEM, Sec. 2S; T. - N
r, IS w, Al Of S~c'ions 2 a.; EH Sc
8; Al Of s,.'ions 10 z, H. % "a, 20
"cs'.sl acr"s, "r"frrr"1 to as s~chcdul: "A
lands in form of contract printed b low
Tn" 'i~bor on this lHnl is es'ima' \ a
3'n,N0 0O feet board measure. No bid or
the land will be accepted for less thar
e3.1S per acre.
Tie timber on tn" following dcscrib,d
lands estimated at 40 600 600 feet boar
measure, will be Offered for sale ,tog".h
Of timber $50 ono ono feet b,ard moasur"
No bid on the timber will be accepted
for i.ss than SIS per 1900 fee. b',r
R Il w, All Of Sections. Il. 9; T. =
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$ ". 81 Sc. a; All Of Sections
scc'ions 2. 4 10 70 II %, "a. 26: %; NJ;
S S,s T. s ,s . 81; T.; II "R ~ ,i R; IS IN W rfr:
contract printed below.
Zach biid-r vil b" REQUIRED - r"h
ri a sGpara." bid on the timber and
"a a S'P S; r b. b., p, E,n ''" oft wv
9"v m bidder for both the land and
tn 'imb"r will b" considered tn hin
est bid.
anyone DESIRING 70 bi1 ~ust b -
~ NJ If pNGtt With tho am m c c ! m =
IN ' his sal '"'i h. sum ms of A rs ooo.oo 'f IN
cash or certified EXCHANGE IF tn cha--
acter set forth in paragraph ten Of til"
~ro successful b''icr will BE- required
to execute thu fol, wing contract n or
b fore October LIST, ! Is.
CONTRACT
THIS AGREEMENT made and cn'e- '
in > in duplicate this .................. day
of 1918, by an
between the State of New Mexico. ac in i,
missioner Of Public Lands thereunto duly
authorized party. Of the first part and
hereinafter called the COMMISSIONS and
party of the second part. and hereinafter
WITNEssETH:
/. That for and in consideration OF the
Dollars, cash in hand, being ten per en-
OF the total purchase price of the Ian Is
(n2t including the TIMBER described in
Schedule "a" attached hereto, comprising
per acre, but at a price Of not less than
Three Dollars and Fifteen Cents (S3 1)
per acre, and in further consideration OF.
the agreement to pay the remaining nine y
go per cent of the said purchase price
with interest at the rate OF four @ p
cent on all deferred payments in advance
in the + lowing described manner:
a. Interest at four G) per c. m p r an
mum TO be paid at the date of the delivery
Of this contract, upon the unpaid ninety
per cent of the purchase price of the
lands, up to and including December 5lst,
1918.
b.. On January lst, 1919, interest to be
lng December 3lst, on the said unpaid
money.
c. On January LIST. 1920, one.twentieth
be paid and also interest at the said
upon the remaining unpaid purchase
price.
d. In like manner thereafter on January
lst of each year until the total purchase
price shall have been paid, the payment
IF one twentieth u-2U OF ninety 900 per
cent Of the said purchase price, together
With interest on the unpaid portions Of
he same at tour ~ per cent per an.
All payments on the purchase price of
ands or timber herein provided for, and
interest. thereon remaining due and un.
laid, shall bear interest at the rate of
me d per cent per month and the Pur-
:haser shall be considered to be in de.
ault OF this contract upoa failure to pay
ny or all of the sums due for lands Or
imber or interest thereon under the terms
hereof, after thirty days notice of same
" registered mail; but no notice of month.
y payments for timber, as provided for
n Paragraph Five () hereof. shall be
iven or required.
AND IN FURTHER CONSIDERATION of
he covenants, agreements and conditions
creinafter set out to be kept and per.
by the Purchaser, the Commission.
: agrees to convey by a good and SUI,
nnds described in Schedule A attached
ereto, when paid for in full as herein
rovided.
he rate of not less than Two Dollars
nd Fifteen Cents (2.l0 per thousand feet
GARD measure for all timber of Western
elbow Pine and other species standing and
rowing on the said Lands. the amount
I stumpage of such timber to be as
as hereinafter provided.
;. Not less than ninety (9O) days be.
,re the Purchaser shall desire to COM
fence cutting the timber upon any of the
lnds covered by this contract, it shall
i've the Commissioner notice OF its in
ention, together with a legal description
the section from which it wishes to
1rh pntice the Ton, mi cSippey Sha11 c,,c
cruise to be made of the designated
Irds, by a timber cruiser appointed by
i'm. who shall make his cruise and es-
mates strictly according. to the terms
ereof. The amount of timber shown to
2 on the lands by these cruises (subject
the conditions hereinafter recited) shall
. the basis Tor payment for the timber
'vered by this contract. The time of
otice povided for herein, however, may
changed when necessary and by agree.
ent of the parties.
The Commissioner agrees to appoint an
tpeIsnnrea wh bnd sbn %1p'I be com satisfactory
uise the timber. covered by this con.
act. towards whose compensation the
will pay to the State Seventy
i've Dollars ,G75.N per month. Such
De within or adjacent to the lands and
mber covered by this contract.
4. The unit area for cruising shall be
lie or more sections at any one cruis-
g. The cruiser on the completion OF
~ cruise shall submit his estimate of
e amount Of the standing live timber
the area designated to be cruised. All
rber with green tops shall be deemed
be live timber. Such estimate shall
so made as to show separately the
nount Of standing live timber estimated
be on each forty (4U acres or each
lctional sub. division of any section. His
ftunafe eha11 r.. h,eal 1~ a.. C,~:l--.
'cimal c Rule. or such other Log Scale
lie as may be adopted from time to
ne by the United States Forestry De-
rtment in this district but no allow
ce for defective timber shall be made
the cruiser in his estimates and such
Innate report shall be filed with the