AN ACT
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AN ACT


To regulate the price and sale y ne
500. 900 acres of land, donated TO me Stdfe
Of Arkansas, for The purpose Of infcrn1
improrcment, and 10 establish Land ~
fee for that purpose


SEC. 1. Be Il enacted by The General
Assembly of the State of Arkansas: lhat
there shall be elected by the General As
sembly ofthe State of Arkansas, every two
wears. at the regular session thereof a Land
Agent, who shall be commissioned by the
Governor for The term of two years. and III
his successor be elected and qualified and
in case of vacancy, the Governor shall fil
said Office by appointment. until The eDh nf
the next session of the General Assembly.


SEC. ,. BE Il further enacted: That ihe
said Agent shall receive a. compensation
for his services the sim Ut ave hundred dol
lars in specie per annum, to be paid ont
ofthe Internal Improvement fund


SEC. , Be a further enae'sf: That the
said Agen; shall enter into bond and secu-
rity TO The State Of Arkansas. in the sum OF
twenty five thousand dollars in specie. and
take an oath TO perform the duties faith
fully.


SEC. 4. BE IL further enactcd: That the
said Agent shall. oPr IA Land Office in the
CIV vi Little Rock, I'm sumo in the
Capitol, in which be shall keep a well
bound set Of books, and correct plais Of all
the lands taken up by the State under the
500 900 acre donation act, donated 20 the
State Of Arkansas for the purpose OF Inter
nal Improvement, and that the Governor he
and he is hereby requested TO turn over u
said Agent all the pats that have been pre-
pared ior the use Of said Land Office. And
the said Agen, shall proceed to advertise
for sale at the CITY Of Little Rock, all the
lands located OF taken up, and now nnsoif
under the 500 0o0 acre donation act ior
the period Of forty days previous to the DAY
of "a z thereof in some public newspaper
printed in this STATE and shall on the day
therein specified offer the same IN ihe high
est bidder 10 the best advantage 70 the Siaie,
being governed by the quantity Of acres.
and the subdivisions herein specified; and
the individual or individuals becoming the
highest bidder or bidders shall be emitted
10 the same; proriicd, that be she or they
bid more than the sum nf one dollar and
twenty-five cents per acre; and that this
section does not deprive any pre- cmptor Of
any privilege contained or hereby given in
the 9th section Of this Act.


SEC. 5. BE If further enacted: That the
said Agent shall proceed to sell any IF The
lands aforesaid, now unsold TO aHy citizen
Of the United States at one dollar and
twenty-five cents per acre, in quantities not
less than forty acres, and not exceeding six
hundred and forty acres, in contiguous
tracts, and according TO the legal subdivi-
sions of the public surveys, and that the
Agent shall deposite quarterly with the
Treasurer Of the State an accoun, Of all
lands sold. AMI to whom sold and a dupli
cate Of the same shall be filed with the Au-
ditor Of public accounts; and he shall pay
over to the Treasurer of the State any
money he may have on hand, arising from,
sales under this Act al the end Of each
quarter, and take from the Treasurer dupli
cate receipts therefor. one of which he shall
file with the Auditor. and the other keep as
a voucher IN his Office; and il shall be the
duty Of the Treasurer quarterly, TO furnish
the Executive with the amount o. notes on
hand, and by whom drawn, and the amoun;
nt monies received and on hand: and that
no land shall be subject to entry al the
price Of one dollar and twenty-five Gems
per acre, which shall not previously have
been offered at public sale to the highest
bidder.


SEC. 6. BE IL further enacted: That the
said Agent is hereby authorised and re-
qnired 10 take the bond Of each individual
tor The land sold payable in five annual in
sfalmenis, bearing interest at the rafc NJ
six per cent. per annIm IN each ins,a niea.
from dare until paid - he : ate NJ Arsnn-
sas fDr The use of internal Improvement.


SEC. z. Be ii ftr-trr cl1-t1i. Tha- INV
sad Agent shall give IN all persons who
shall apply for lands and comp.Y with ,he
acquisitions aforesaid tSo certificates orc
of which said purchaser sha.. .ie wiih IN.
Treasurer Of the State, covenantinr on the
part of the State thai deed in fee simple
VIII be executed to said person % pers1ns.
his, her, or their heirs ani assigns for the
lands 80 located, on the payment Of the
am unit specified in said obligation SO 10 be
givep as aforesaid.


SEC. 8. BE Il further cnd-tcI: That on
the full payment of said obligation, SO as
aforesaid to be given agreeable 70 the tenor
thereof, before the same becomes due. or
when the same is due. or If the full amoun;
be paid ai the time Of entering. the Gov
ernor for the time being for and i'm behalf
of the Stale, shall execute o said person
or persons. his, her, or their heirs or as
signs deed in fee simple to the lands "
located, and for which said obligation was
given


SIC. Q. Be L further en1ctcI: Tha, any
person or persons who are now settled or
have valuable improvements on any of said
lands shall have a pre- cmp,ion on tn, same
until the first Of January. 1916: ProriieI.