Show instructions TO treasurers TREASUR ERS the state board of land commission f today issued the following letter 0 01 instructions to courty treasurer treasur arp which is transmitted with plate sod aud abstracted state board land commissioners Commissio salt lake city utah june 1896 dear sir bit we send fend you abstract of university lands already sold old and pertaining to go the flame you are required to receive the annual payments and interest on these theae lands and receipt for the same in manner provided by law and at the abe end ead of each bioti month remit to go the state treasurer all such euch moneys money Is it if me annual payment daymen la Is not made when due add interest at tile rate of 3 per cent per annum on such delinquent annual payment if there arlees any doubt as am to abe amount due forward the pur chasero certificate to this thia office with statement and correct I 1 figures will be forward forwarded td loyous to you at boce keep your jour account oi 01 money received on the abstract sent gent entering in proper column an dual oal payment under principal paid under 1 merest interest paid datt of payment ut ill and sign your name on maws flame line liae under proper columns please acknowledge receipt on university landa sold eold one tenth ol 01 the pu purchase price and interest for one year at eight per cent on principal was waa paid at the a mo ate of efale sale the balance of principal is ie payable in equal annual payments the purchaser holds bolus a certificate which will show the number of years abe same had to run rud at abe be expiration of each year from date ot of purchase the munuel payment of principal also aleo interest Intire ot lu in ati varice for one year at 8 hermn per amper am pm no on all deterred must he be maje made to the county treasurer of the county where the land is situated nun payment of soy any principal or interest when due and for six months thereafter hereafter forfeits fortella fort elta all payments phy mente previously made and the lands jande will be naola part payments pay mento cannot be watie maae to apply on oil payments past due at each eh annual payment the purchaser or his assigns to ie r required quiren to present hie bis certificate of PU purchase and add have the payment endorsed aberson by th county treasurer who will issue a bupt calam oa and forward same to the county clerk clark upon full payment the bount treasurer treasure will send the original tl floate to the state board and a patent will be issued to the person entitled thereto AN EXAMPLE PLIC interest Int Is computed as aa follows on uni university hersity bands already sold eold john smith salt lake city university land 40 acres 6 years time date of purchase january let 1895 price 6 5 per acre whole pal go first pay payment ent cash 1 io 10 of whole principal prie cipal 20 00 balance wo oo 00 one year interest 8 per centhay able in advance 1440 total payment at date of sale 20 2 0 00 14 40 34 40 second payment july anly let 1896 amount of principal due jan lot 1896 X of balance 45 00 to pay I 1 year interest in advance on bal 10 1080 80 added interest in case delinquent to july lot 1896 2 23 2 68 58 00 |