Biennial Report of the Trustees, President and Other Officers


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58 페이지 - cents per acre, to which said State may be entitled under the provisions of this Act, land scrip to the amount in acres for the deficiency of its distributive share; said scrip to be sold by said State, and the proceeds thereof applied to the uses and purposes prescribed in this Act,
58 페이지 - yielding not less than five per centum upon the par value of said stocks; and that the moneys so invested shall constitute a perpetual fund, the capital of which shall remain forever undiminished (except so far as may be provided in
59 페이지 - 6. No State, while in a condition of rebellion or insurrection against the Government of the United States, shall be entitled to the benefit of this Act. SEC. 6. And be it further enacted, That land scrip issued under the provisions of this Act shall not be subject to location until after the first day of January, one
58 페이지 - apportioned to the several States in sections, or subdivisions of sections not less than one-quarter of a section ; and whenever there are public lands in a State subject to sale at private entry at one dollar and twenty five cents per acre, the quantity to which said
59 페이지 - of said fund, nor interest thereon, shall be applied directly or indirectly, under any pretense whatever, to the purchase, erection, preservation or repair of- any building or buildings. 3. Any State
58 페이지 - cents per acre, the quantity to which said State shall be entitled shall be selected from such lands within the limits of such State ; and the Secretary of the Interior is hereby directed to issue to each of the States in which there
59 페이지 - When lands shall be selected from those which have been raised to double the minimum price, in consequence of railroad grants, they shall be computed to the States at the maximum price, and the number of acres proportionally diminished.
58 페이지 - of this Act), and the interest of which shall be inviolably appropriated by each State which may take and claim the benefit of this Act, to the endowment,
60 페이지 - thousand eight hundred and sixty-three. SEC. 7. And be it further enacted, That the land officers shall receive the same fees for locating land scrip issued under the provisions of this Act as are now allowed for the location of military bounty land warrants under existing laws; Provided,
58 페이지 - cents or less per acre ; And provided further. That not more than one million acres shall be located by such assignees in any one of the States; and

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