Repository: UIHistories Project: Board of Trustees Minutes - 1884 [PAGE 225]

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To the Trustees of the Illinois Industrial University: GENTLEMEN—Your committee, appointed to conduct the sale of lands in Gage county, Nebraska, belonging to the University, beg leave to report progress as follows: Agreeably to your instructions they appraised the lands and advertised them for sale. The prices fixed for the lands with the terms and methods of sale were published in a printed circular of which a copy is herewith appended. The sale was widely advertised in leading papers itti Gage county, and elsewhere in Nebraska, in Kansas, Missouri, Iowa and Illinois. A large amount of inquiry has been elicited, all of which has been duly answered. In accordance with the terms advertised your committee has opened proposals and awarded sales as follows: To Albert Hubka, of Crab Orchard, Nebraska: The NW. 3£ sec. 12, T. 3, E. 8, 160 acres, at $15.05. To James T. Applegate. of Macomb, Illinois: The NW. XA sec. 4, T. 2, R. 8,146.60 acres; NE. 34 sec. 30, T. 3, R. 8,160 acres; SW. 34 sec. 30, T. 3, R. 8,153.65 acres, at$15.30. On all of these sales a deposit of 10 per cent, has been made and placed in the hands of the Treasurer, but the time is yet too brief for the contracts to be perfected. Your committee is encouraged by these sales to believe that the plan of sale adopted is feasible, and will prove advantageous to the University. Since the lands were put upon the market the season has been particularly unfavorable for such buyers as wish to visit the lands and judge for themselves as to their location and value. Very many have expressed their intention to do so, and in the opening spring more offers may be expected. Your committee has expended thus far: For printing $31 50 For advertising 47 60 For postage and incidentals 5 00 $84 10 Respectfully submitted,

S. H. PEABODY, CHAS. BENNETT,

UEBANA, I I I . , March 11,1884.

UNIVEESITY LANDS FOE SALE.

Committee.

The lands belonging to the Illinois Industrial University, situate in Gage county, Nebraska, amounting in all to 9,340 acres, more or less, are hereby offered for sale by regularly numbered quarter sections according to the subdivisions and surveys of the United States Land Office, in quantities to suit purchasers, on the terms and in the manner specified as follows: * Terms—One fourth of the price, cash; the remaining three-fourths deferred to such time as the purchaser may desire, not more than ten years, reckoned from the first day of January next preceding the day of sale; interest on deferred payments payable annually on the first day of January of each year, at eight per cent, per annum. The price of any quarter section to be not less than that set forth in the following list. The buyer must pay all taxes becoming due after the date of the purchase. Minimum Prices—The prices of the following numbered lands to be not less than fifteen dollars ($15.00) per acre: In Township 3, Range 7, the south half of Sec. 35. In Township 3, Range 8, west half Sec. 31. In Township 5, Range 8, west half Sec. 35. The prices of the following numbered lands to be not less than fourteen dollars ($14.00) per acre: In Township 2, Range 8, all of Sec. 5, west half of Sec. 6. In Township 3, Range 8, SE. 34 Sec. 12; south half of Sec. 15; SE. M Sec. 30; south half See. 34. The prices of the following numbered lands to be not less than twelve dollars and fifty cents ($12.50) per acre: In township 2, Range 8, all of Sec. 3; east half of Sec. 6; north half of Sec. 10. In Township 3, Range 8, SW. 34 Sec. 12; all of Sec. 13; south half of Sec. 14; all of Sec. 24; all of Sec. 26; all of Sec. 27; east half of Sec. 35; north half of Sec. 34. In Township 5, Range 8, east half of Sec. 35. The prices of the following numbered lands to be not less than ten dollars ($10) per acre: In Township 2, Range 8, south half of Sec. 2, north half of Sec. 11.