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6-60-101. Acceptance of land grants.

Arkansas Code — all titles (historical 2020) · legal_authorities

6-60-101. Acceptance of land grants.

6-60-101. Acceptance of land grants. (a) The State of Arkansas signifies and declares her assent to the grant of land and land scrip as authorized and contained in the Act of Congress entitled, “An act donating public lands to the several states and territories, which may provide colleges for the benefit of agriculture and the mechanic arts”, approved July 2, 1862, and altogether on the terms and conditions provided in the act, and also to the Act of Congress entitled, “An act to amend the fifth section of an act entitled, ‘An act donating public lands to the several states and territories, which may provide colleges for the benefit of agriculture and the mechanic arts’, approved July 2, 1862, so as to extend the time, within which the provisions of said act shall be accepted, and such colleges established”, approved July 23, 1866. (b) The State of Arkansas shall observe and perform the conditions contained and provided in the enactment, that is to say: (1) The State of Arkansas will replace any portion of the fund provided by section four (4) of the act, or any portion of the interest thereon, which shall by any action or contingency be diminished or lost, so that the capital fund shall remain forever undiminished, and will apply the annual interest thereon regularly, without diminution, to the purposes mentioned in the fourth section 7 U.S.C. § 304, subject only to the exception contained in section five (5) of the Act of Congress approved July 23, 1866; (2) The State of Arkansas, further assenting, agrees that no portion of the fund, nor the interest thereon, shall be applied directly or indirectly, under any pretense whatever, to the purchase, erection, preservation, or repair of any buildings; (3) The State of Arkansas further agrees to provide at least o

Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-60-101

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.

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Stable record: arkansas_code:legal_authorities:6-60-101
Source file: gov.ar.code.title.06.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 3b6b60d3fa657a63e85221eb8a5ae5391b7bce1795f942ecf36893843c1537b8

Source location: content.xml paragraph 33541

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6-60-101. Acceptance of land grants. (a) The State of Arkansas signifies and declares her assent to the grant of land and land scrip as authorized and contained in the Act of Congress entitled, “An act donating public lands to the several states and territories, which may provide colleges for the benefit of agriculture and the mechanic arts”, approved July 2, 1862, and altogether on the terms and conditions provided in the act, and also to the Act of Congress entitled, “An act to amend the fifth section of an act entitled, ‘An act donating public lands to the several states and territories, which may provide colleges for the benefit of agriculture and the mechanic arts’, approved July 2, 1862, so as to extend the time, within which the provisions of said act shall be accepted, and such colleges established”, approved July 23, 1866. (b) The State of Arkansas shall observe and perform the conditions contained and provided in the enactment, that is to say: (1) The State of Arkansas will replace any portion of the fund provided by section four (4) of the act, or any portion of the interest thereon, which shall by any action or contingency be diminished or lost, so that the capital fund shall remain forever undiminished, and will apply the annual interest thereon regularly, without diminution, to the purposes mentioned in the fourth section 7 U.S.C. § 304, subject only to the exception contained in section five (5) of the Act of Congress approved July 23, 1866; (2) The State of Arkansas, further assenting, agrees that no portion of the fund, nor the interest thereon, shall be applied directly or indirectly, under any pretense whatever, to the purchase, erection, preservation, or repair of any buildings; (3) The State of Arkansas further agrees to provide at least one (1) college, as described in section four (4) of the Act of Congress approved July 2, 1862, and in accordance with the act amendatory of that act; and also to pay the United States the amount received of any lands previously sold to which the title of purchasers was valid; (4) The State of Arkansas further agrees that an annual report shall be made regarding the progress of each college in accordance with paragraph four (4) of section five (5) of the Act of Congress.

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 304 — Investment of proceeds of sale of land or scrip

All moneys derived from the sale of lands as provided in [section 302 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section302&num=0&edition=prelim) by the States to which lands are apportioned and from the sales of land scrip provided for in said section shall be invested in bonds of the United States or of the States or some other safe bonds; or the same may be invested by the States having no State bonds, in any manner after the legislatures of such States shall have assented thereto and engaged that such funds shall yield a fair and reasonable rate of return, to be fixed by the State legislatures, and that the principal thereof shall forever remain unimpaired: Provided, That the moneys so invested or loaned shall constitute a perpetual fund, the capital of which shall remain forever undiminished (except so far as may be provided in [section 305 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section305&num=0&edition=prelim)), and the interest of which shall be inviolably appropriated, by each State which may take and claim the benefit of this subchapter, to the endowment, support, and maintenance of at least one college where the leading object shall be, without excluding other scientific and classical studies and including military tactics, to teach such branches of learning as are related to agriculture and the mechanic arts, in such manner as the legislatures of the States may respectively prescribe, in order to promote the liberal and practical education of the industrial classes in the several pursuits and professions in life.

Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 304

Stored review status: release_metadata_unconfirmed. The source passage cites 7 U.S.C. § 304. This identifies an authority to review, not proof of applicability.

Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 304 — Investment of proceeds of sale of land or

Page 369 TITLE 7—AGRICULTURE § 305 ing of such records and information with respect there- to as may be necessary for the proper and efficient ad- ministration of the State unemployment compensation laws and of title V of the Servicemen’s Readjustment Act of 1944, as amended (58 Stat. 295).’’ GRANTS NOT TO EXTEND TO ALASKA Land grant under Alaska Statehood provisions as being in lieu of grant of acreage under sections 301 to 305, 307, 308 of this title (declared not to extend to Alas- ka), see section 6(l) of Pub. L. 85–508, set out as a note preceding section 21 of Title 48, Territories and Insular Possessions. Executive Documents ADMISSION OF ALASKA AS STATE Admission of Alaska into the Union was accom- plished Jan. 3, 1959, on issuance of Proc. No. 3269, Jan. 3, 1959, 24 F.R. 81, 73 Stat. c16, as required by sections 1 and 8(c) of Pub. L. 85–508, July 7, 1958, 72 Stat. 339, set out as notes preceding section 21 of Title 48, Territories and Insular Possessions. § 302. Method of apportionment and selection; issuance of land scrip The land aforesaid, after being surveyed, shall be apportioned to the several States in sections or subdivisions of sections, not less than one- quarter of a section; and whenever there are public lands in a State subject to sale at private entry at $1.25 per acre, the quantity to which said State shall be entitled shall be selected from such lands within the limits of such State, and the Secretary of the Interior is directed to issue to each of the States in which there is not the quantity of public lands subject to sale at private entry at $1.25 per acre, to which said State may be entitled under the provisions of this subchapter, land scrip to the amount in acres for the deficiency of its distributive share; sa

Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 304

Stored review status: historical_2024_not_currentness_verified. The source passage cites 7 U.S.C. § 304. This identifies an authority to review, not proof of applicability.