United States Statutes at Large/Volume 2/10th Congress/2nd Session/Chapter 26
[Obsolete.]
Chap. XXVI.—An Act to extend the time for making payment for the public lands of the United States.
Act of April 30, 1810, ch. 36.
Further time allowed for completing payments to those who purchased lands.Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That every person who hath heretofore purchased any of the public lands of the United States, at any of the land-offices established for the disposal of the said lands, whether such purchase was made at public or private sale (sales by virtue of a pre-emption right only excepted), and whose lands have not already been actually sold or reverted to the United States, for non-payment of part of the purchase money, and the time for making the last payment on account of such purchase according to former laws, may have expired, or shall expire, on or before the first day of January next, shall be allowed a further term of two years for the payment of the residue of the principal due on account of such purchase; which further term of two years shall be calculated to commence from the expiration of one year from and after the day on which the last payment on account of such purchase should, according to former laws, have become due, and shall be allowed only on the following conditions; that is to Arrears of interest to be paid.say:—First, That all the arrears of interest, on the land purchased, to the end of one year from and after the day on which the last payment on account of such purchase should, according to former laws, have become due, shall have been paid at or before the end of such year. Second,Payment of the residue with interest. That the residue of the sum, due on account of the principal of such purchase, shall be paid with interest thereon, in two equal annual payments, viz. one half of the said residue, with the interest which may then be due thereon, within one year; and the other half of the said residue, with the interest which may then be due thereon, within two years after the expiration of one year from and after the day on which the last payment on account of such purchase should, according to former laws, have become due. And in case of failure in paying either the arrears of interestPenalty on failure to pay arrears of interest, &c. on each of the two instalments of principal, with the accruing interest, at the time and times above mentioned, the tract of land shall be forthwith advertised and offered for sale, in the manner and on the terms and conditions now prescribed for the sale of lands purchased from the United States, and not paid for within the limited time;Act of April 30, 1810, ch. 36. and shall revert, in like manner, to the United States, if the sum due with interest, be not at such sale bidden and paid.
Approved, March 2, 1809.