The Western news. [volume] (Libby, Mont.) 1933-current, 1947-04-10

NOTICE OF SALE OF MORTGAGE
LANDS OWNED BY THE STATE
OF MONTANA IN LINCOLN
COUNTY
Office of the Commissioner of Stat,
Lands and Investments
Helena, Montana
March 20, 1947
NOTICE rs 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, 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 certified check for
the initial payment and fees as here
matter explained. All bids will be
opened on the date and at the hour
above given and all bidders and
other interested persons are invited
TO be present if they so desire. AZ
ter the bids have been opened and
the highest bid has been determined
the lessee shall be granted the pre-
ference right to purchase the land
at the highest bid made by any
other bidder.
Description Of Land
E1aNEA, of Section 8; WIZ
NW4, N4zSWH, SEASWA,
W1zSEA, Section 8, Township
35 North, Range 20 West, NJ. P.
NJ, containing $50 acres, more
or less, appraised at $1,64O.0O.
TERMS AND CONDITIONS
OF SALE
The sale will be held under the
provisions of Chapter 165 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 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, 4
and in case the balance on the pur- I
chase price is not an exact multiple II
of $500, then he shall pay such |
additional sum as is necessary to 4
reduce the balance to an even muf H
tiple of $500. He may at his OPP
ton 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. 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 5 per cent per annuIn and
will be payable On the amortization
plan in 20 annual installments.
All sales are made subject to the
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
oy Section 1805.65, r, c. M 1885.
The State will have a lien on the
,rop on all lands sold for INSTALL
nents and principal and interest on
he unpaid balance of the purchase
)rice. The lands will be sold sub
ect to all rights-of-way and other
easements and all reservations, in
.luding Federal reservations, OBJ
aimed in the land prior to the date
# sale
In the case of lands under lease
he purchaser shall be given pos
ession by the State on March
lext succeeding the date of sale and
lot before, unless the lease expires
rior to that date, except through
pecial agreement between the pur-
haser and the lessee.
IL no bids~ane received for the
and advertised and the land is not
old on the day set for the sale, it
lay be sold by the Commissioner
t private sale at any time within
wo years from the date fixed for
ne sale under previous notice, to
ny qualified person who will pay
ne appraised price and make the
squired initial payments.
]. w. WALKER, Commissioner
Of State Lands and Investments
Of the State Of Montana.
Iarch 9th, April Ord. 10th.