43 U.S.C. § 562 — Appraisal and sale of town lots
submitted 120 years ago by ch. 1631 to r/title-43-PUBLIC-LANDS · 100 words · no verdicts yet
The Interior Secretary must direct appraisal and public-auction sale of the surveyed lots for cash to the highest bidders at no less than appraised value. Unsold lots may later be sold under the Secretary’s regulations for at least that value. Reclamation funds may pay appraisal and sale expenses, and proceeds go into the reclamation fund.
The Interior Secretary must direct appraisal and public-auction sale of the surveyed lots for cash to the highest bidders at no less than appraised value. Unsold lots may later be sold under the Secretary’s regulations for at least that value. Reclamation funds may pay appraisal and sale expenses, and proceeds go into the reclamation fund.
The lots so surveyed shall be appraised under the direction of the Secretary of the Interior and sold under his direction at not less than their appraised value at public auction to the highest bidders, from time to time, for cash, and the lots offered for sale and not disposed of may afterwards be sold at not less than the appraised value under such regulations as the Secretary of the Interior may prescribe. Reclamation funds may be used to defray the necessary expenses of appraisement and sale, and the proceeds of such sales shall be covered into the reclamation fund.
Source credit: (Apr. 16, 1906, ch. 1631, § 2, 34 Stat. 116.)
- 1906Enacted · Act of Apr. 16, 1906, ch. 1631 · 34 Stat. 116
A history note hasn’t been published yet. The record shows enactment by ch. 1631 on 1906-04-16.
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