The Western news. [volume] (Libby, Mont.) 1933-current, 1947-04-03

LANDS OWNED BY THE STATE
OF MONTANA IN LINCOLN
COUNTY
Office of the Commissioners Of Stat
Lands and Investments
Helena, Montana
March 20, 1947
NOTICE is HEREBY GIVEN thai
the Commissioner of State Land:
and Investments for the State OF
Montana will receive sealed bids
up to 200 o'clock P. NJ, Friday
May q 1947, 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 &C
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. AT
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
E15NE14, of Section 8; VIZ
NW14, NlzSWA, SEASWH,
W12SEA, Section 9, Township
IS North, Range 26 West, M. P.
M, containing $50 acres, more
or less, appraised at $1,640.00.
TERMS AND CONDITIONS
l OF SALE
The sale will be held under the
provisions of Chapter 1855 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
ci 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 null
tiple of $500 He may at his OPP
ton gay 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
TIE entire balance of the pur-
chase price draws interest at the
rate of 5 per cent per annum and
will be payable on the amortization
plan in 90 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
0leted until after such approval and
he issue of the certificate of pur-
,hase.
The State reserves all minerals
n the land sold excepting that the
purchaser of mortgage lands shall
)e entitled to receive a royalty of
TX and one-fourth (6A) per cent
i all gas and oil produced from
UGH mortgage lands as provided
~ Section 180565, 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
and all reservations, in
luding Federal reservations, OBJ
aimed in the land prior to the date
f sale.
In the case of lands under lease
he purchaser shall be given pos
ession by the State on March l
ext succeeding the date of sale and
OF before, unless the lease expires
rior to that date, except through
oecial agreement between the pur
haser and the lessee.
If no bids are received for the
md advertised and the land is not
Did on the day set for the sale, it
lay be sold by the Commissioner
private sale at any time within
NO years from the date fixed for
he sale under previous notice, to
ny qualified person who will pay
lie appraised price and make the
squired initial payments.
]. w. WALKER, Commissioner
of State Lands and investments
of the State of Montana.