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"... as aforesaid, there shall be assigned not more than forty acres of such lands, and the person to whom it was to be assigned shall be protected in the use and enjoyment of the land for the term of three years, at an annual rent not exceeding six per centum upon the value of such land, as it was appraised by the State authorities in the year eighteen hundred and sixty, for the purpose of taxation; and in case no such appraisal can be found, then the rental shall be based upon the estimated value of the land in said year, to be ascertained in such manner as the Commissioner may by regulation, prescribe.  At the end of said term, or at any time during said term, the occupant of any parcels so assigned may purchase the lands, and receive such title thereto as the United States can convey, upon paying therefor the value of the land as ascertained and fixed, for the purpose of determining the annual rent aforesaid."

II.  All land or other property within the several insurrectionary states, viz:  Virginia, North Carolina, South Carolina, Georgia, Florida, Alabama, Mississippi, Kentucky, Tennessee, Missouri, Arkansas, Louisiana, and Texas, to which the United States have or shall have acquired title by confiscation or sale, or otherwise during the late rebellion, and all abandoned lands or other abandoned property in those states become so by the construction of Sec. 2 of Act approved July 2, 1864, viz: "Property real or personal shall be regarded as abandoned when the lawful owner thereof

Transcription Notes:
in these old letters, to indicate that a statement is quoted, they'd put the quotation marks at the beginning of every line. Since we no longer do that, and since we don't hit [enter] at the end of each written line when transcribing, only did quotation marks at beginning and end. Since the beginning of this quote is on previous page, started with ".. per centum. a proportion in relation to a whole (which is usually the amount per hundred) synonyms: pct, percent, percentage.