FEDERAL · 25 U.S.C. · Chapter 4

Deposit of funds from sales of lands and property of Five Civilized Tribes

Current through Pub. L. 119-102
Title 25Indians·Ch. 4 — PERFORMANCE BY UNITED STATES OF OBLIGATIONS TO INDIANS·Subch. III
The net receipts from the sales of surplus and unallotted lands and other tribal property belonging to any of the Five Civilized Tribes, after deducting the necessary expense of advertising and sale, may be deposited in national or State banks in the State of Oklahoma in the discretion of the Secretary of the Interior, such depositories to be designated by him under such rules and regulations governing the rate of interest thereon, the time of deposit and withdrawal thereof, and the security therefor, as he may prescribe. The interest accruing on such funds may be used to defray the expense of the per capita payments of such funds.

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25 U.S.C. § 156 (Deposit of funds from sales of lands and property of Five Civilized Tribes) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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Source Credit

History

(Mar. 3, 1911, ch. 210, §17, 36 Stat. 1070.)

Editorial Notes

Executive Documents

Transfer of Functions
For transfer of functions of other officers, employees, and agencies of Department of the Interior, with certain exceptions, to Secretary of the Interior, with power to delegate, see Reorg. Plan No. 3 of 1950, §§1, 2, eff. May 24, 1950, 15 F.R. 3174, 64 Stat. 1262, set out in the Appendix to Title 5, Government Organization and Employees.