Court : US Supreme Court
Decided on : May-19-1890
..... part thereof, granted to the state of new york by the act of congress entitled 'an act page 136 u. s. 156 donating public lands to the several states and territories which may provide colleges for the benefit of agriculture and the mechanic arts,' approved july 2, 1862," "which right to said 'income, revenue, and avails' was granted, and, for a valuable ..... from the gross receipts on sales the original cost of thirty cents per acre, the cost and expenses attending the location, management, and sale of said lands, the taxes assessed and paid on the same by the party of the second part, and the interest at the rate of seven percent per annum on the several amounts actually ..... profits arising from such sales into the treasury of this state; and, until the same shall be so sold, and the net profits so paid, he will pay all taxes which may be assessed thereon, and preserve and maintain a title thereto unimpaired, to which the liens created by said mortgages shall attach. and, if any event shall .....
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