43 U.S.C. § 565 — Terms of sale of town lots; installments of price

submitted 116 years ago by ch. 284 to r/title-43-PUBLIC-LANDS · 59 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Interior Secretary may require town-lot buyers to pay at once or in up to five yearly installments. Deferred payments carry six-percent annual interest.

For town lots sold under sections 562 and 563, the Secretary of the Interior may require full payment at the sale or annual installments of no more than five years. Deferred payments must bear interest at 6 percent per year.

the actual law source: uscode.house.gov ↗public domain

In the sale of town lots under the provisions of sections 562 and 563 of this title the Secretary of the Interior may, in his discretion, require payments for such town lots in full at time of sale or in annual installments, not exceeding five, with interest at the rate of 6 per centum per annum on deferred payments.

Source credit: (June 11, 1910, ch. 284, § 2, 36 Stat. 466.)

history & why it existsrecord from the source credit

1910Enacted · Act of June 11, 1910, ch. 284 · 36 Stat. 466

A history note hasn’t been published yet. The record shows enactment by ch. 284 on 1910-06-11.

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