Sec. 11.
In the sale of lands, the principal value of which consists in the timber, the commissioner of the state land office shall require the payment of the entire amount of purchase money at the time of purchase, or such portion of the same, above 1/4, as he may deem for the best interest of the state.
History: 1863, Act 140, Imd. Eff. Mar. 18, 1863 ;-- CL 1871, 3937 ;-- How. 5378 ;-- CL 1897, 1444 ;-- CL 1915, 658 ;-- CL 1929, 5822 ;-- CL 1948, 322.181
Structure Michigan Compiled Laws
Act 140 of 1863 - Agricultural College Lands (322.171 - 322.181)
Section 322.171 - Agricultural College Lands; Control and Management.
Section 322.172 - College Lands; Description, Title.
Section 322.173 - College Lands; Sale, Minimum Price, Terms, Forfeiture.
Section 322.174 - College Lands; Proceeds of Sale, Disposition.
Section 322.176 - College Lands; Certificates of Purchase, Effect, Recording.
Section 322.177 - College Lands; Patents, Issuance.
Section 322.178 - College Lands; Proceeds of Sale; Deposit; Interest; Use.
Section 322.180 - College Lands; Examining Agents; Expenses; Payment.