Chapter 3537. To amend section ten of an act of Congress approved June twenty-first, eighteen hundred and ninety-eight, to make certain grants of land to the Territory of New Mexico, and for other purposes
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CHAP. 3537.— An Act To amend section ten of an act of Congress approved June twenty-first, eighteen hundred and ninety-eight, to make certain grants of land to the Territory of New Mexico, and for other purposes. June 25, 1906. [[H. R. 18600](/us/bill/59/hr/18600).] [[Public, No. 289](/us/pl/59/289).] *Be it enacted by the Senate, and House of Representatives of the United States of America in Congress assembled*, Public lands. Land grants to New Mexico. Vol. 30, p. 486, amended.
That section ten of an Act of Congress approved June twenty-first, eighteen hundred and ninety--eight, to make certain grants of land to the Territory of New Mexico, and for other purposes, be amended to read as follows: " “Sec. 10. That the lands reserved for university purposes, includingEducational lands.Leasing allowed. all saline lands, and sections sixteen and thirty-six, reserved for public schools, may be leased under such laws and regulations as may be hereafter prescribed by the legislative assembly of said Territory; but until the meeting of the next legislature of said Territory theBoard designated. governor, 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 leases.
And it shall be unlawful to cut, remove, or appropriateRestrictions. in 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, exceptLarger areas. when in the opinion of the Secretary of the Interior the leasing of a larger area is deemed advisable, 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 ofUse of proceeds. such leases in excess of actual expenses necessarily incurred in conection 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.
The remainder of the lands grantedSales of other lands. 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 here after prescribed by the legislative assembly of said Territory; and461 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 oneLimitations. quarter section of land shall be sold to any one person, corporation, or association of persons, and no sale of said lands or any portion thereof shall be made for less than one dollar and twenty-live cents per acre; and all money received 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 grants of lands are made : *Provided*, That such legislative assembly*Proviso*.Leases permitted. 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 lands that may be leased only; but all leases madeApproval by-Secretary of Interior. under the provisions of this Act shall be subject to the approval of the Secretary 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. ” " Approved, June 25, 1906.