Chapter CCXCVIII. to amend an Act entitled “An Act to authorize the Sale of certain public Property,” approved June tenth, eighteen hundred and seventy-two
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CHAP. CCXCVIII.— An Act to amend an Act entitled “An Act to authorize the Sale of certain public Property,” approved June tenth, eighteen hundred and seventy-two.March 3, 1873. *Be it enacted by the Senate and House of Representatives of the United States of America, in Congress assembled,* That1872, ch. 423.*Ante,* p. 380.Secretary of War may withdraw arsenals from auction sale when the highest bid is unsatisfactory. nothing contained in the first section of the act entitled “Au act to authorise the sale of certain public property,” approved June tenth, eighteen hundred and seveutytwo, shall be so construed as to prevent the Secretary of War from withdrawing any of the property from sale in cases where, in his judgment, the highest bid offered is insufficient or unsatisfactory.
Sec. 2. ThatProperty withdrawn may be again offered, and how. any of the said property withdrawn from sale under this act may be again offered, either at public sale or by inviting proposals, after six days’ consecutive notice, fifteen days before the day of sale, in the newspapers mentioned in the act of which this is an amendment. Sec. 3. ThatLand to be appraised and not to be sold for less than two-thirds of appraised value. it shall be the duty of the Secretary of War to appoint a board of three army officers, which board shall appraise each piece or parcel of land, with the buildings thereon, before the same is offered for sale, and no sale shall be made at a price less than two-thirds of the appraised value.
Approved, March 3, 1873.