Chapter 689. To confirm the right, title, and interest of the Peoples Investment Company (incorporated), of the State of Louisiana, in certain lands
446 words·~2 min read·
/statutes-at-large/vol-44/chapter-689-25305310·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CHAP. 689.— An Act To confirm the right, title, and interest of the Peoples Investment Company (incorporated), of the State of Louisiana, in certain lands.June 25, 1926.[[S. 3200](/us/bill/69/s/3200).][[Private, No. 223](/us/pvtl/69/223).] *Be it exacted by the Senate and House of Representatives of the United States of America in Congress assembled*,Peoples Investment Company.Title to certain lands in Louisiana confirmed to. That the Peoples Investment Company (Incorporated), a corporation organized under the laws of the State of Louisiana, be, and it is hereby, confirmed in all the right, title, and interest now held or possessed by the United States in and to the following lands, now in its occupation, to wit:
Lots 3 and 4 and the southwest quarter of the southwest quarter of section 1, township 19 north, range 3 east, Louisiana meridian, *Provisos*.United States interest only.Louisiana: *Provided*, That this Act shall only be construed to vest in the said Peoples Investment Company (Incorporated) the right, title, and interest in said lands now held and possessed by the United States, and shall not be construed in any way to impair the bona fide rights, interests, or claims acquired by any other person under adverse grants, concessions, or purchases made prior to the passage of this Act.
Sec. 2. Patent to issue.That a patent be, and the same is hereby, directed to be issued to the said Peoples Investment Company (Incorporated) for the lands described in this Act upon payment of $1.25 per acre: *Provisos*.Condition.*Provided*, That the purchase money be paid to the Register of the United States district land office in Baton Rouge within ninety days Oil and gas deposits reserved.after the passage of this Act: *Provided further*, That if the said lands are not shown to be nonmineral, by the Peoples Investment Company, to the satisfaction of the Secretary of the Interior, before the purchase authorized by this Act is consummated, the patent herein directed to be issued shall contain a reservation to the United States of all oil and gas deposits in the land, together with the right of the United States, its permittees or lessees, to enter upon, prospect for, mine, and remove such deposits in the manner prescribed by law; and in that event the said company shall have a preference right to a permit to prospect said land for oil or gas Vol, 41, p. 441,pursuant to section 13 of the Act entitled “An Act to promote the1621 mining of coal, phosphate, oil, oil shale, gas, and sodium on the public domain,” approved February 25, 1920, which it may exercise by application for such permit within sixty days from date of consummation of the purchase authorized by this Act.
Approved, June 25, 1926.