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An Act to render the lands and property owned by the Real Estate Bank more productive, and to protect them from trespassers. 1856-1857 107 (1856)

handle is hein.slavery/ssactsar0130 and id is 1 raw text is: 107 AN ACT to rendcr the lands and property owned by the Real Estate Bank more productive, and to protect them from trespassers. SECTION SECTION 1. Occupants to pay rent for use of any 8. Penalty for the failure to act of any buildings or cleared lands owned by sheriff, or any person appointed ap- the R. E. Bank. Mode of ascertain- praiscr, as required by this act. ing the amount of such rent. 4. Mode of proceeding against trespassers 2. Mode of proving the occupancy and upon the property of the H. E. Bank. use by any person of any buildings 5. Rigbt of the bank to redeem any of its or lands owned by the bank, and lands which may be sold for taxes. their liability to pay rent therefor. 6. Laws repugnant to this act repealed. SECTION 1. Be it enacted by the General Assembly of the State of Arkansas, That each and every person who shall hereafter occupy or cause to be occupied, any of the lands or town lots owned by the Real Estate Bank of the State of Arkansas, without leasing or renting the same from the receiver in chancery of the assets of said bank, shall be liable to pay to said bank rent for all such lands, at the rate of two dollars per acre per annum, for the cleared land, and an annual rent for all buildings on such lands, at the rate of ten per cent. on the value of such buildings, which value may be ascertained by three disinterested and respectable householders, who may be.summoned and sworn by the sheriff of the county, to make and subscribe, under oath, a statement of the true value of such buildings, whenever any such sheriff shall be requested by the receiver in chancery, or the attorney of said bank; and the sheriff shall make return of such valuation to the receiver of said bank, and the sheriff shall be entitled to three dollars and his mileage fees for his trouble; and the appraisers shall each be entitled to the same amount allowed the sheriff; and the said fees shall be paid by the bank. SEC. 2. That the said appraisers.shall state in their apprais- ment, the name and residence of the person or persons who may occupy, or whose slaves or hired persons may occupy or use such buildings, and if any of such lands, owned by the bank, be culti- vated by any person or persons, the receiver in chancery of said bank, or the attorney of the bank may require of the sheriff of the county an examination of such improved lands, and a state- ment made and subscribed before him, under oath, by three dis- interested and respectable householders of the county, stating the quantity of such land so cultivated, and by whom, or for whose benefit, and the sheriff and the appraisers shall be entitled to like compensation, to be paid by the bank as in' the case referred to in the preceding section of this act; and the sheriff, after attest- ing such statement and valuation, shall return the same to the said receiver; and any statement so made under this act shall be evidence in all courts of the facts stated therein, and upon any such statement or statements, so made, the'said bank shall be entitled to receive rents at the rates designated in this act, and such rents shall be a lien in preference to all other demands upon the products of such land, so owned by the bank, and upon the personal property of the occupants of the buildings, or cultivators

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