The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1946-06-27

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Hardin, Montana,
Attorney for Plaintiff.
Pub. June g. 49, TO- 27
NOTICE OF SALE OF MORT
GAGE LANDS OWNED BY THE
STATE OF MONTANA IN BIG
HORN COUNTY
Office of Commissioner of State
Lands and Investments
Helena, Montana
June 81, 1916
NOTICE Is HEREBY GIVEN
that the Commissioner of State
Lands and Investments for the
State of Montana will receive
sealed bids up to 200 o'clock
p. NJ, Tuesday, August 6. 1916,
at the office of the Commission
er, State Capitol, Helena, Mon
tana, for the sale of the here
matter d described mortgage
lands owned by the State of
Montana in Big Horn County.
All bids should be addressed to
the Commissioner, enclosed in a
sealed envelope marked Bids
on Mortgage Lands" and &C
companied by a certified check
for the initial payment and fees
as hereinafter explained. All
bids will he opened on the date
and at the hour above given and
all bidders and other interested
persons are invited to be pres
ent if they so desire. After the
bids have been opened and the
highest bid has been determined
the lessee shall be granted the
preference right to purchase
the land at the highest bid
made by any other bidder.
Description of Land
The EkWh, of Section IL;
Lots / and 2, of Section 10:
Township 2 South, Range 80
East, M. M, containing 244.80
acres, more or less, appraised
at $2,617.60.
Terms and Conditions of Sale
The sale will he held under
the provisions of Chapter 1865 of
the Political Code, R. c.. M
1885, and all acts amendatory
thereof. No Land shall be sold
for less than the appraised
price.
Every bidder upon the land
shall accompany his bid with q
certified check for not less than
20 per cent of the total adver-
tised and appraised price as
shown above. The purchaser is
required to pay in cash on the
date of sale not less than 20
per cent of the total purchase
price, and in case the balance
on the purchase. price is not an
exact multiple of $3.50 10, then he
shall pay such additional sum
as is necessary to reduce the
balance to an even multiple of
$25. 90. He may at his option pay
a larger portion of the purchase
price. He is also required to pay
the sum of $500 as a fee for the
deed or each certificate to be
issued to him.
The entire balance of the
purchase price draws interest
at the rate of 5 per cent PEI
annum and will be payable oil
the amortization plan in 20 an
nual installments.
All sales are made subject to
the approval and confirmation
of the State Board Of Land
Commissioners and no sale shall
be deemed completed until aft
er such approval and the issue
of the certificate of purchase.
The State reserves all miner
ais in the land sold excepting
that the purchaser of mortgage
lands shall be entitled to re-
ceive a royalty of six and one
fourth (6A) per cent of all gas
and oil produced from such
mortgage lands as provided by
Section 1805.6 IS, R. G. M. 1885
The State will have a lien on
the crop on all lands sold for
installments on principal and
interest on the unpaid balance
of the purchase price. The lands
will be sold subject to all right
of-way and other easements
and all reservations, including
Federal reservations, obtained
I'm the land prior to the date
of sale.
In the case of lands under
lease the purchaser shall be
given possession by the State
on March l next succeeding the
date of sale and not before, un-
less the lease expires prior to
that date, except through spe-
cial agreement between the pur-
chaser and the lessee.
If no bids are received for the
land advertised and the land is
not sold on the day set for the
sale, it may be sold by the Com
missioner at private sale at any
time within two years from the
date fixed for the sale under
previous notice, to any qualified
person who will pay the ap-
praised price and make the re-
quired initial payment.
J. W. WALKER,
Commissioner of State Lands
and Investments of the State of
Montana.