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U.S. Code as of:
01/19/04
Section 908. Deposits by railroad companies for costs of surveying and conveying unsurveyed lands granted
To enable the Secretary of the Interior to complete the
adjustment of land grants made by Congress to aid in the
construction of railroads, and to subject the lands granted to
taxation by States, Territories, and municipal authorities, any
railroad corporation required by law to pay the costs of surveying,
selecting, or conveying any lands granted to such company or
corporation, or for its use and benefit, by any Act of Congress, is
required, within ninety days from demand by the Secretary of the
Interior, to deposit in a proper United States depository to the
credit of the United States a sum sufficient to pay the cost of
surveying, selecting, and conveying any of the unsurveyed lands
granted to such company, or for its use and benefit, under any Act
of Congress: Provided further, That the Secretary of the Interior
shall determine and specify in the notice or demand to such company
the amount of the required deposit, and may, in his discretion,
demand a sum sufficient to cover the cost of the survey, selection,
and conveyance of the entire area granted to any company, or for
its use and benefit, then unsurveyed, or for such townships or
fractional townships as he may prescribe and designate in the
notice or demand to such company, as aforesaid: And provided
further, That the amount deposited shall, subject to the rules and
regulations of the Department of the Interior, under the direction
of the Secretary of the Interior or such officer as he may
designate, be disbursed for the surveying, including office and
field work, selection, and conveyance of the lands granted and
designated in the notice of the Secretary of the Interior, as
aforesaid: And provided further, That in the event the money
deposited by any railroad corporation under the provisions of
sections 908 to 911 of this title shall exceed the cost of said
surveys, the said excess thereof shall be repaid to the corporation
so depositing the same, or to its assigns.
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