§ 156. Deposit of funds from sales of lands and property of Five Civilized Tribes

Statutory text

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.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1911
Pub. L. 61–210 § 17 · 36 Stat. 352
Enacted · 25 U.S.C. § 156
(Mar. 3, 1911, ch. 210, § 17, 36 Stat. 1070.)
Source evidence
Code source credit
(Mar. 3, 1911, ch. 210, § 17, 36 Stat. 1070.)

0 of 1 references resolved to an enrolled provision · 1 partial

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.

Credits

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