A Section Of Land

The local school district having jurisdiction and control of the land may use sixteenth section land as a site for school buildings without paying fair market rental.

A section of land. Land description diagram author. By division a section contains 640 acres. Section 1231 property is real or depreciable business property held for more than one year.

Section 1231 property is a type of property defined by section 1231 of the u s. It set up a standardized system whereby settlers could purchase title to farmland in the undeveloped west. However all other persons and entities including federal state and local governments must pay fair market rental for the use of sixteenth section land.

The lands of the united states are surveyed into parcels of six hundred and forty acres. The secretary of state serves as supervisory trustee overseeing management and leasing of more than 640 000 acres of 16th section public school trust lands by 101 local school districts. An acre is 43 560 square feet.

Congress at the time did not have the power to raise revenue by direct taxation so land sales provided an important revenue stream. The land ordinance of 1785 was adopted by the united states congress of the confederation on may 20 1785. Public room land status plat land office public land township tract.

Each such parcel is called a section. Section united states land surveying history. The secretary of state and mississippi forestry commission work cooperatively with the local school districts to manage their timber lands.

A six mile by six mile square divided into 36 one square mile sections the one square mile section 16 is located near the center of the township. For states surveyed under the federal rectangular system survey townships and civil townships usually have the same boundaries but there are many exceptions. For example a township is 36 sections in a 6 by 6 square.