486 FIFTY-FIFTH CONGRESS. Sess. II. UH. 489. 1898. - public lands of the United States within the limits of the said Territory of New Mexico. _ `mpoi-sm. ‘ SEO. 9. That said commission shall proceed, upon the passage of this Act, to select said lands, for each purpose as hereinbefore designated, in legal subdivisions, of not less than one-quarter section, and shall report to the Secretary of the Interior such selectwns, designating in such report the purpose for which such bodies of land as selected are to be respectively used as provided above in this Act. Lease of eel-min Sec. 10. That the lands reserved for university purposes, including “‘“"’· all saline lands, and sections sixteen and thirty-six reserved for public schools, may be leased under such laws and regulations as may be . hereaiter prescribed by the legislative assembly of said Territory , but until the meeting of the next legislature of said Territory the gov- -b0ardt0l¤¤¤€.¢i¢· ernor, secretary of the Territory, and the solicitor-general shall constitute a board for the leasing of said lands; and all necessary expenses and costs incurred in the leasing, management, and protection of said lands and leases may be paid out of the proceeds derived from such —¤=¤¤·ic¢i<>¤¤,¤¤¢- leases. And it shall be unlawful to cut, remove, or appropriate i11 any way any timber growing upon the lands leased under the provisions of this Act, and not more than one section of land shall be leased to any one person, corporation, or association of persons, and no lease shall be made for a longer period than five years, and all leases shall terminate on the admission of said Territory as a State; and all money received on account of such leases in excess of actual expenses necessarily incurred in connection with the execution thereof shall be placed to the credit of separate funds for the use of said institutions, and shall be paid out only as directed by the legislative assembly of said Territory, and for the purposes indicated herein. Sale of lands- The remainder of the lands granted by this Act, except those lands which may be leased only as above provided, may be sold under such laws and regulations as may be hereafter prescribed by the legislative assembly of said Territory; and all such necessary costs and expenses
- as may be incurred in the management, protection, and sale of said
lands may be paid out of the proceeds derived from such sales; and not more than one-quarter section of land shall be sold to any one person, corporation, or association of persons, and no sale of said lands or any —1>ri¤¤.¤r¤- portion thereof shall be made for less than one dollar and twenty-five cents per acre; and all money receiyed on account of such sales, after deducting the actual expenses necessarily incurred in connection with the execution thereof, shall be placed to the credit of separate funds created for the respective purposes named in this Act, and shall be used only as the legislative assembly of said Territory may direct, and only for the use of the institutions or purposes for which the respective ,f;$j·;,.€um__,m, grants of lands are made: Providetl, That such legislative assembly gsiumém. may provide for leasing all or any part of the lands granted in this Act on the same terms and under the same limitations prescribed above as ° to the glands that may be leased only, but all leases made under the
- j;r;j=}p· ggjjw l¤- provisions of this Act shall be subject to the approval of the Secretary
-mm¤}.Llim,e£·». of the Interior, and all investments made or securities purchased with the proceeds of sales or leases of lands provided for by this Act shall be subject to like approval by the Secretary of the Interior. H’;·fg’$';’8lf’*““"“ f'"` SEV, U- Tl1H-I there is hereby appropriated from the unexpended funds in the Treasury of the United States ten thousand dollars, or so much thereof as may be necessary, to be expended under the direction of the Secretary of the Interior, for the purpose of paying the expenses of the selection and segregation of said respective bodies of land, including such compensation to said commission as the Secretary of the Interior may deem proper. Repeal. Sec. 12. That all acts and parts of acts in conflict with the provisions of this Act, whether passed by the legislative assembly of said Territory or by Congress, are hereby repealed. Approved, June 2l, 1898.
