Chapter 92. Making an additional grant of lands for the support and maintenance of the Agricultural College and School of Mines of the Territory of Alaska, and for other purposes
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Chap. 92: Making an additional grant of lands for the support and maintenance of the Agricultural College and School of Mines of the Territory of Alaska, and for other purposes. 1929-01-21 92 Chapter 45 Stat. 1091 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2025-01-24 70 2 public Chapter 92.— An Act Making an additional grant of lands for the support and maintenance of the Agricultural College and School of Mines of the Territory of Alaska, and for other purposes.
January 21, 1929.[[H. R. 10157](/us/bill/70/hr/10157).][[Public, No. 679](/us/pl/70/679).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,* That in additionAlaska.Agricultural College and School of Mines. to the provision made by the Act of Congress approved March 4, 1915 (Thirty-eighth Statutes at Large, page 1214), for the use and benefit of the Agricultural College and School of Mines, there is hereby granted to the Territory of Alaska, for the exclusive use andAdditional public lands granted to.Vol. 38, p. 1214. benefit of the Agricultural College and School of Mines, one hundred thousand acres of vacant nonmineral surveyed unreserved public1092lands in the Territory of Alaska, to be selected, under the direction and subject to the approval of the Secretary of the Interior, by the Territory, and subject to the following conditions and limitations:
Sec. 2. Territory to have exclusive control. That the college and school provided for in this Act shall forever remain under the exclusive control of the said Territory, and no part of the proceeds arising from the sale or disposal of any lands granted herein shall be used for the support of any sectarian or denominational college or school. Sec. 3. Lands, and proceeds thereof to be held in trust and disposed of only as herein provided. That it is hereby declared that all lands hereby granted to said Territory are hereby expressly transferred and confirmed to the said Territory and shall be by the said Territory held in trust, to be disposed of, in whole or in part, only in the manner herein provided and for the objects specified in the granting provisions, and that the natural products and money proceeds of any of said lands Any other disposition a breach of trust.shall be subject to the same trusts as the lands producing the same.
Disposition of any of said lands or of any money or thing of value directly or indirectly derived therefrom for any object other than that for which such particular lands or the lands from which such money or thing of value shall have been derived or granted or in any manner contrary to the provisions of this Act shall be deemed a breach of trust. Sec. 4. Mortgages, etc., not valid. That no mortgage or other encumbrance of said lands shall be valid in favor of any person for any purpose or under any circumstances Sales or leases, except to highest bidder after specified publication, forbidden.whatsover.
Said lands shall not be sold nor leased, in whole or in part, except to the highest bidder at public auction, notice of which public auction shall first have been duly given by advertisement, which shall set forth the nature, time, and place of the transaction to be had, with full description of the lands to be offered, published once each week for not less than ten successive weeks in a newspaper of general circulation published regularly at the capital and in a newspaper of like circulation which shall then be regularly Sales of timber, etc., subject to same provisions.published nearest to the location of the lands so offered; nor shall any sale or contract for the sale of any timber or other natural product of such lands be made, save at the place, in the manner, and after the notice thus provided for sales and leases of the lands *Proviso*.Leases on terms for five years, without advertisement allowed.themselves: *Provided*, That nothing herein contained shall prevent said Territory from leasing any of said lands referred to in this section for a term of five years or less without such advertisement herein required.
Sec. 5. Appraisal at true value, and no disposal at less than as so ascertained. That all lands, leasehold, timber, and other products of the land before being offered shall be appraised at their true value, and no sale or other disposal thereof shall be made for a consideration less than the value so ascertained, nor, in case of the sale of the land, Minimum price for the land.less than a minimum price of $5 per acre; nor upon credit unless accompanied by ample security, and the legal title shall not be deemed to have passed until the consideration shall have been paid.
Sec. 6. Fund established and receipts to be deposited in Territorial treasury. That a fund shall be established in the Territorial treasury to carry out the purposes of this Act, and whenever any money shall be in any manner derived from any of the land granted same shall Investment in interest-bearing securities.be deposited in the Territorial treasury in the fund. The Territorial treasurer shall keep all such money invested in safe interest-bearing securities, which securities shall be approved by the governor Bond required.and the secretary of state of the Territory, and shall at all times be under a good and sufficient bond or bonds conditioned for the faithful performance of his duties in regard thereto, as defined Income exclusively for the college.by this Act and the laws of the Territory not in conflict herewith.
The income from said fund may and shall be used exclusively for the purposes of such Agricultural College and School of Mines: *Proviso*.Application thereof for building, etc., forbidden.*Provided*, That no portion of said income shall be applied, directly or indirectly, under any pretense whatever, to the purchase, erection, preservation, or repair of any building or buildings. 1093 Sec. 7. That every sale, lease, conveyance, or contract of or concerningSales, etc., not in conformity herewith null and void. any of the lands hereby granted or confirmed or the use thereof of the natural products thereof, not made in substantial conformity with the provisions of this Act, shall be null and void.
It shall be the duty of the Attorney General of the United States toAttorney General to enforce in Federal courts necessary proceedings relative to application of lands, etc. prosecute in the name of the United States and in its courts such proceedings at law or in equity as may from time to time be necessary and appropriate to enforce the provisions hereof relative to the application and disposition of the said lands and the products thereof and the funds derived therefrom. Approved, January 21, 1929.
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Chapter 92
Making an additional grant of lands for the support and maintenance of the Agricultural College and School of Mines of the Territory of Alaska, and for other purposes
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