Chapter CCLX. to amend an Act entitled “An Act to provide for the Redemption and Sale of Lands held by the United States under the several Acts levying direct Taxes, and for other Purposes.”March 3, 1873. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembl
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CHAP. CCLX.— An Act to amend an Act entitled “An Act to provide for the Redemption and Sale of Lands held by the United States under the several Acts levying direct Taxes, and for other Purposes.”March 3, 1873. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,* That1872, ch. 837, §6.*Ante,* p. 332.Moneys from sales or leases of “school farm” lands and bonds purchased therewith to be turned over to the Secretary of the Treasury and invested, &c.1866, ch. 200, §8.Vol. xiv. p. 175. section six of an act entitled “An act to provide for the redemption and sale of lands held by the United States under the several acts levying direct taxes, and for other purposes,” approved June eighth, eighteen hundred and seventy-two, be amended so that it will read as follows:
" “Sec. 6. That all money derived from the sale of school-farm lands under the provisions of section eight of an act entitled ‘An act to continue in force and to amend an act entitled “An act to establish a bureau for the relief of freedmen and refugees and for other purposes,”’ approved July sixteenth, eighteen hundred and sixty-six; and all bonds purchased with the proceeds of such sales, and all moneys derived from the leases of said school-farm lands by the direct-tax commissioners for the district of South Carolina, under the instructions of President Lincoln, dated September sixteenth, eighteen hundred and sixty-three, shall be turned over to the Secretary of the Treasury by the officers of the government, in whose custody said money and bonds may he; and said moneys shall be by said Secretary invested in bonds of the United States, and with said aforenamed bonds shall be by him retained as a fund for the use and support of free public schools in the parishes of Saint Helena and Saint Luke,Interest of such bonds, how to be expended by commissioners.
South Carolina, in equal parts, the interest of which shall annually be expended to increase the efficiency of any free public schools established and sustained in said parishes by authority of said State, if such school shall exist, otherwise at the discretion of the commissioners hereinafter named; and such expenditures shall be made under the direction and control of a special board of three commissioners, who shall be appointed by and act under the direction of the Secretary of the Treasury,Appointment, &c., of commissioners. and removable at his discretion, and shall be duly sworn that they will faithfully discharge their duties as such commissioners, and shall give such good and sufficient bonds therefor as said Secretary shall require, and who shall not receive more than one hundred dollars per year each for their services;Acts of direct-tax commissioners confirmed. also, that the acts of the direct-tax commissioners for the district of South Carolina, heretofore performed in accordance with the instructions of Abraham Lincoln, President of the United States of America, to the direct-tax commissioners for the district of South Carolina, dated September sixteenth, eighteen hundred and sixty-three, and the same are hereby, confirmed, so far as they relate to the renting of the school-farms, so called in the said parishes, and the disbursement of the proceeds thereof.
” " FORTY-SECOND CONGRESS. Sess. III. Ch. 261–264. 1873.601 This act shall be subject to amendment or repeal at the pleasure of Congress. Approved, March 3, 1873.