The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1927-10-27
Mortgage Lands
Township 4 S, Rye. % East
Terms and Conditions of Sale

4, ....--.-............25 1905 S34.37
Terms and Conditions of Sale
The sale will be held under the pro-
visions of Chapter 60 of the Laws
of Montana of 1927. No land shall be
sold for less than the appraised value
and IN no case, except mortgage
lands, for less than $1,000 per acre.
The purchaser is required to pay in
cash on the day of sale not less than
10 per cent of the total purchase
price, and in case the balance on the
purchase price is not an exact null
tlple of $500, then he shall pay such
additional sum as is necessary to re-
duce the balance to an even multiple
OF $500. He may at his option pay
larger portion of the purchase price.
He shall also pay the sum of $500
as fee for each certificate of pur-
chase to be issued to him. The en-
tire balance of the purchase price
shall draw interest at the rate of 5
per cent per annum and will be pay
able on the amortization plan in 80
annual installments in the case of ag-
ricultural and grazing lands and in 20
annual installments in the case of
town and city lots. Under the 49,
year plan each annual installment in
Guiding interest amounts to practical
~ GA per cent on such balance; I'M
der the 2O-year plan each annual in
stallment amounts to little over 8
per cent.
All sales are made subject to the
approval and confirmation of the
State Board of Land Commissioners.
No sale shall be deemed completed I'M
til after such approval and confirma-
ton and the issue of the certificate
of purchase.
The state expressly reserves to it
self all coal, oil, oil shale, gas, phos-
phate, sodium and other mineral de-
posits, except sand, gravel, build
ing stone and brick clay, in the lands
herein described, and the purchaser
-shall acquire no right, title or inter
est in or to any of such deposits. The
state also reserves for itself and it's
lessees the right to enter upon such
lands to prospect for, develop, mine
and remove such deposits and to oc-
cupy and use so much of the surface
of the said lands as may be required
for all purposes reasonably extend
ing to the exploring for, mining and
removal of such deposits therefrom,
but the lessee shall make just pay
ment to the purchaser for all damage
done by reason of such entry upon
the land and the use and occupancy
of the surface thereof.
The State shall have a lien prior
and superior to all other liens ex-
cept liens of threshermen and seed
liens upon all the buildings, struc-
lures, fences and all other improve
ments upon the lands SO sold and
also upon all crops growing upon any
of these lands and also upon such
crops after they have been separated
from the lands for all due and delin-
quent installments of principal and
interest and penalty interest under
the certificate of purchase and also
for all installments becoming due
during the calendar year in which
the crop is harvested.
The lands will be sold subject to
right-of-way easements granted for
railroads, public highways and other
purposes, and no reduction will be
made from the acreage of the lands
over or through which such right-of-
ways have been granted except for
railroad right-of-ways.
Lands located within the boundaries
of federal irrigation projects will be J
sold in conformity with the classifi-
cation of farm units as made by the
United States, and all such lands will |
be liable for their proper share of
the reclamation charges.
Lands located within the limits of
any town or city, or within three
miles OF such limits which have not
been laid off into blocks and lots, will
be sold in alternate lots of not more
than 5 acres each.
A lessee of any State land need not
make a higher bid than others but
shall if bidding an equal amount be
given the preference. If another per-
son than the lessee becomes the pur-
chaser, he must pay to such lessee
the reasonable value of the improve
ments on the land determined as pro-
vided by the statutes.
In the case Of lands under lease
the purchaser shall be given possess
sion by the state on March LIST next
succeeding the date of sale and not
before unless the lease expires prior
TO that date, except through special
agreement between the purchaser and
the lessee. The state will refund to
the lessee any rentals paid bv him !
beyond March 1, 1928. :
|. M. BRANDJORD. 7