United States Statutes at Large/Volume 2/12th Congress/1st Session/Chapter 15
Chap. XV.—An Act directing the terms on which lands sold at public sale, and that revert for failure in payment, shall again be sold.
Land sold and reverting for non-payment not to be sold for less than the price at public sale.Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That no tract or tracts of the reserved sections or other public lands of the United States, that have been or may hereafter be sold at public sale, and which may have, or shall, on account of failure to complete the payment of the purchase money, revert to the United States, shall hereafter be sold at private sale, at a price less than that for which the same tract was sold at public sale.
Approved, January 14, 1812.