Laurel outlook., 1949-08-17
NOTICES
NOTICE OF SALE OF MORT
GAGE LANDS OWNED BY
THE STATE OF MONTANA
IN YELLOWSTONE COUNTY.
Office of the Commissioner OF
State Lands and Investments
Helena, Montana
July 20, 1949


NOTICE is HEREBY GIVEN
that the Commissioner of State
Lands and Investments of the
State of Montana will receive
sealed bids up to 200 o'clock
2. NJ, Friday, September 9, l949,
at the office of the Commission
er, State Capitol, Helena, Mon
tana, for the sale of the herein
after described mortgage lands
owned by the State of Montana
in Yellowstone County. All bids
should be addressed to the Com
missioner, enclosed in a sealed
envelope marked bids on Mort
gage Lands" and accompanied
by a certified check for the I'M
tial 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 il 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 high
est bid made by any other bidder.
Description of Land
The NEA, EKNWA, Ma
SEA, SEASEA of Section
10, Township 8 North, Range
80 East, M. p. NJ. contain
ing $50 acres, more or less,
N@,-A1 81 O1 Q00 m
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.
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 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 $500, then he shall
pay such additional sum a. is
necessary to reduce the balance
to an even multiple of $500.
He may at his option pay a larg-
err 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 purchas-
err must in addition to making
the other payments, make settle
.ent with the owner of the i'm
provements on the land as pro-
vided by law.
The 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 20 annual
installments.
All sales are made subject to
the approval and confirmation of
the State Board of Land Com
nissioners and no sale shall be
deemed completed until after
such approval and the issue Of
he certificate of purchase.
The State reserves all miner
lis in the land sold excepting
hat the purchaser of mortgage
ands shall be entitled to receive
| royalty of six and one-fourth
'6A) per cent of all gas and
Ill produced from such mortgage
ands as provided by Section
.805.65, r. C. M. 1885. The
State will have a lien on the
:rop on all lands sold for Install
nents on principal and interest
m the unpaid balance of the
purchase price. The lands will
e sold subject to all rights-of-
way and other easements and all
eservations, including Federal
excavations, obtained in the land
,rior to the date of sale.
In the case of lands under
ease the purchaser shall be
.iven possession by the State on
Iarch 1st next succeeding the '
ate of sale and not before, un-
ess the lease expires prior to
hat date, except through special
,greement between the purchaser
nd the lessee. ,
If no bids are received for the
and advertised and the land is &,
!ot sold on the day set for the
ale, it may be sold by the Com
Missioner at private sale at any
ime within two years from the ,
ate fixed for the sale under
revious notice, to any qualified i;
erson who will pay the apprais- !
d price and make the required !
initial payment.
w. P. PILGERAM, Commits
sioner of State Lands and {
Investments of the State of !
Montana.