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Show GREAT LAND OFFICE INCOMERECORDED Oklahoma Commissioners Handle $40,000,000 OKLAHOMA CITY, Okie., Jan. 1 Handling funda agsregAting approximate, ly Urt.ftoo.oort the commissioners of the lend office of Oklahoma are In a class of high finance the! makes presidents of some large bank, and directors of oil companies recede Into obscurity as deal' ers In moneys. The commi!onrs literally lit-erally do a "land office busine." Notes held by the cnrnmliorionera on land sold but not yet paid for, aggregate 2;.aoe.ftOn. lxwinn on public funds secured se-cured by farm lands amount to more than $14,000,000. In sdriition there sr. constantly accruing royalties snd bonuses bonus-es on trscts leaned for oil and gas de- vetopmenl. More than eneooo acres of farming and grastng land are now open for lease and aale. To administer the public lands and funds derived from them is the task of the commissioners of the hind office, more generally known In Oklahoma as the "school land department." The statehood enabling act, under which the atate was created, provided tliat In each township, consisting of thirty-sfg sections, seetions- 1. and shonld b. set aside for school Isnds. aec-thirteen aec-thirteen for the maintenance of state educational edu-cational Institution, and section thirty thre for charitable and penal institution, and public buildings An addilonal grant of land was made for the maintenance of the stste university snd the norms! schools. To serve as a dowry for Indisn -Territory ta ths Laieu at the -time of ststehood, rongr.s. In the enabling act. appropriated (5.0O0,0M te the school fund of the new state. Money given the common school, of the state from the land office during the eighteen months frost snnary l. ti, to June ae, 192" amouale. to tl. 96.1.1$. SI. Kach school district receives an amount proportionate to the number of its pupils pu-pils compared will the total school enumeration of the ittte. furlng the elrhttee months' period ending with the last fiwal yesr, the state ' leased 17.301 acrea for nil and gas development de-velopment and It. receipta from this source aggregated l2.4ol.71S. 22: being ll.44S.7J2. 81 In bnniaen, J7r,.OS.05 In royalties snd IJ7.8!t In rerftsls. Cssh received by the lend effice during thla 1M.80, oomtiating af M.istl separata itema. |