[Transcript of agreement between lenders and the Provisional Government of Texas, January 12, 1836] Page: 4 of 9
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The saic 1cm ore or holders of said scrip shall be bound to rake
their selection of lands within six nonths after the Cover .incut of
exas shall nave officially rjiven notice in the public paners of Ncn-
Orleans, that their lands have boon surveyed and plats furnished, which
surveys, f;c. shall be conducted and land offices opened, as near as
practicable on the sane principles as those of the United ^tqtes; af-
ter the expiration of whicn tern of six months, said lenders orholders
of scrip shall lost their ri^ht of priority f selection of lands, but
not their ri^ht to malic such selection, if they thinly proper to do ^o*
and, in case the said lenders of holders of scrip should determine to
continue said Loan, at the rate of eirht per cent, per annum ar. afore-
said, they shall not nave the rirht to require the repayment of said
Loan, at aaaxnatcrofrBi a shorter period than five years from tho
tine they shall notify the Government of Texas or its Arentc in the
City of Hew-Orlcans, of such oloctioni ant! in caso o-wh t'.ctiand should
not bo nac.".o by the said lenders, tho Toxinn Covernnont shall nevcrthc-
loss have tho ri-ht to pay up said Loan a the end of said five years,
and if not punctually pa d, ine same rate of interest shall c paid
until final cnu of said Loanf it bein well understood, however
that the overnncnt of Texas shall not have the right of extending
sdid Loan without the consent of the lenders.
t o t,rant or sale of lands shall bo nude by the Government of Tex-
as, from and after they day of tho date hereof, which shall ;ot con-
tain a full reservation of priority for tho locations to be uadc under
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[Transcript of agreement between lenders and the Provisional Government of Texas, January 12, 1836], text, January 12, 1836; (texashistory.unt.edu/ark:/67531/metapth216969/m1/4/: accessed November 12, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting The Dolph Briscoe Center for American History.