1997 Minnesota Statutes

     92.04 Minimum price of certain state lands. 

    Lands selected for state institutions under an act of the 
 legislature entitled "An act to appropriate swamp lands to 
 certain educational and charitable institutions and for the 
 purpose of creating a state prison," approved February 13, 1865, 
 and lands known as state capitol lands, must be appraised and 
 sold as school lands are sold.  The price of lands belonging to 
 the state by virtue of the Congressional acts in this section 
 and section 92.03 must be at least $5 an acre, including the 
 value of timber reproduction.  The terms of payment and 
 conditions of sale must be the same as now provided by law.  
 When state lands have been benefited by and assessments paid for 
 drainage, the drainage improvements must be considered by the 
 state land examiner in making appraisals.  When the drained 
 lands are sold, the principal and interest paid on it must be 
 credited by the director to the proper fund to which the land 
 belongs.  

    HIST: (6266) RL s 2409; 1907 c 366 s 1; 1909 c 118 s 1; 1963 c 
 202 s 3; 1985 c 265 art 3 s 1