§ 158. — Investment of proceeds of lands.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC158]
TITLE 25--INDIANS
CHAPTER 4--PERFORMANCE BY UNITED STATES OF OBLIGATIONS TO INDIANS
SUBCHAPTER III--DEPOSIT, CARE, AND INVESTMENT OF INDIAN MONEYS
Sec. 158. Investment of proceeds of lands
The Secretary of the Interior shall invest in a manner which shall
be in his judgment most safe and beneficial for the fund, all moneys
that may be received under treaties containing stipulations for the
payment to the Indians, annually, of interest upon the proceeds of the
lands ceded by them; and he shall make no investment of such moneys, or
of any portion, at a lower rate of interest than 5 per centum per annum.
(R.S. Sec. 2096.)
Codification
R.S. Sec. 2096 derived from act Jan. 9, 1837, ch. 1, Sec. 4, 5 Stat.
135.
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,
Secs. 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.
