The Western news. [volume] (Libby, Mont.) 1933-current, 1947-03-27


c. F. Jewell and family
T. ]. Jewell and family
Mr.. and Mrs. F. H. Keller
NOTICE OF SALE OF MORTGAGE
LANDS OWNED BY THE STATE
OF MONTANA IN LINCOLN
COUNTY
Office of the Commissioner Of State
Lands and Investments
Helena, Montana
March 20, 1947
NOTICE IS, HEREBY GIVEN that
the Commissioner of State Lands
and Investments for the State of
Montana will receive sealed bids
I'D to 200 o'clock p M Friday
May 2, l947, at the office of the
Commissioner State Capitol, Hell
ena, Montana, for the sale OF the
hereinafter described mortgage lands
owned by the State Of Montana in
Lincoln County. All bids should be
addressed to the COMMISSIONER. en-
closed in a sealed envelope marked
"Bids on Mortgage Lands and ac-
companied by a icertified check for
the initial payment and fees as here
matter explained. .AllYbids will be
opened on the date and at the hour
above given apd-sall. bidders and
other interested persons are invited
70 be present if they so desire. AT
ter the bids have been opened and
the highest bid has been determined
the lessee shall be granted the pre-
ference right 10 pErShasei the land
at the highest bid made by any
other bidder. IVY "y'
Description Of Land
E1sNEA, of Section 8; WIZ
NWN, N1hSWH4, SEA SWIz,
W1sSE4 Section 8, Township
IS North, Range 26, West, M. RI
M, containing 800 acres, more
or less, appraised at $l,640.00.
TERMS AND CONDITIONS ,t1,
OF SALE ~ -
The sale will be held under the
provisions of Chapter 1855 OF the
Political Code, R. c. M. 1895, and
all acts amendatogy thereof. No
land shall be sold for less than the
appraised price.
& Every bidder upon the land shall
accompany his bid with a certified
check for not less than 20 per cent
= Of the total advertised and appraised
price as shown above, The pur-
chaser 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 pur-
chase price is not an exact multiple
of $500, then he shall pay such
additional sum as is necessary to
reduce the balance to an even mul
tiple of $500 He may at his OPP
q rf
purchase price. He is also required
the deed or each certificate to be
issued to- him. Every purchaser
must in addition to making the
other payments, make settlement
with the owner of the improvements
on the land as provided by law.
The entire balance of the pur-
chase price draws interest at the
rate of per cent per annum and
will be payable on the amortization
plan in 90 annual installments.
All sales are made subject to the
approval and confirmation of the
State Board of Land Commissioners
and no sale shall be deemed com
pleted until after such approval and
the issue of the certificate of pur-
chase
The State reserves all minerals
in the land sold excepting that the
purchaser of mortgage lands shall
be entitled to receive a royalty of
six and one-fourth (6A) per cent
of all gas and oil produced from
such mortgage lands as provided
by Section l805.65, r. c. M. 1885.
The State will have a lien on the
crop on all lands sold for Install
ments and principal and interest on
the unpaid balance Of the purchase
price. The lands will be sold sub
ject to all rights-of-way and other
easements and all reservations, in
Guiding Federal reservations, OBJ
tanned in the land prior to the date
of sale.
In the case of lands under lease
the purchaser shall be given pos
session by the State on March
next succeeding the date of sale and
not before, unless the lease expires
prior to that date, except through
special 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 Commissioner
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 appraised price and make the |
required initial payments.
J. w. WALKER, Commissioner
of State Lands and Investments
of the State of Montana
Publications: 81 ~
March 9th, April 3rd, 10th.
n VIII