United States Statutes at Large/Volume 4/22nd Congress/2nd Session/Chapter 83
Chap. LXXXIII.—An Act supplementary to an act, entitled “An act concerning a seminary of learning in the territory of Arkansas,” approved the second of March, eighteen hundred and twenty-seven.
Act of March 2, 1827, ch. 53.
Governor to select twenty sections, and to sell the same for cash.Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the governor of the territory of Arkansas shall select twenty of the sections of public land reserved by the act, entitled “An act concerning a seminary of learning in the territory of Arkansas,” approved the second of March, eighteen hundred and twenty-seven; and, after advertising and proclaiming them for sale in the several newspapers printed in Arkansas, and such other papers as he may deem expedient, he shall proceed to sell the same for cash, at some notorious place in Little Rock, to be designated in said advertisement, to the highest bidder.
Quantities and price.
Certificates of purchase, &c.Sec. 2. And be it further enacted, That the said governor shall proclaim and sell the same in quantities not exceeding one half section, nor shall any sale be made for a price less than one dollar and twenty-five cents per acre. It shall be the duty of the governor to give to the purchaser a certificate of his purchase; and he shall also make a return to the register and receiver of the land office at Little Rock, of the quantity sold, the number of the section, range, township, and such other description of the land as he may deem necessary, the price for which each parcel sold, and to whom sold; and he shall also communicate to the legislature of the territory of Arkansas a duplicate of the same, upon which a patent shall issue to the purchasers as in other cases of sales of public lands.
Application of proceeds, &c.Sec. 3. And be it further enacted, That the money arising from the sales of the said twenty sections, or such portions of them as may be sold from time to time, after paying the reasonable expenses incurred in making the selections of the two townships under the before-recited act, and the expenses of selling the same under this act, shall be applied to the erection of suitable buildings for a seminary of learning at such place as may be designated, and under such terms and conditions as may be prescribed by the legislature of Arkansas.
Proceeds to be paid into the office of the treasurer of the territory.
1827, ch. 53.Sec. 4. And be it further enacted, That it shall be the duty of the governor of said territory to pay the net proceeds of said sales into the office of the treasurer of said territory, who shall be responsible for the same as other public moneys; and who shall not pay out the whole, or any part thereof, for any other objects or purposes than such as are provided for by the act of the second of March, eighteen hundred and twenty-seven, to which this is a supplement, and by this act, and in obedience to the laws of the legislature of said territory, made to carry into effect the provisions of this act, and the said recited act.
Governor to lease remainder of lands.Sec. 5. And be it further enacted, That the governor of the said territory shall be authorized to lease, for a term not exceeding five years, at any one time, the remainder of the two townships granted by the said act, and to apply the proceeds arising therefrom to the purposes aforesaid; and he shall render, once in two years, an account of the same to the legislature of said territory, and pay over the money to the treasurer of said territory.
Approved, March 2, 1833.