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The School Lands are part of the Ohio Lands, comprising land grants in Ohio from the United States federal government for public schools. According to the Official Ohio Lands Book, "by 1920, 73,155,075 acres of public land had been given by the federal government to the public land states in support of public schooling."
The Land Act of 1820 (ch. 51, 3 Stat. 566 ), enacted April 24, 1820, is the United States federal law that ended the ability to purchase the United States' public domain lands on a credit or installment system over four years, as previously established. The new law became effective July 1, 1820 and required full payment at the time of purchase ...
Many associates of the company held army bounty warrants, which they could exchange for federal land, totaling 142,900 acres (578 km 2). Later in 1792, the Ohio Company purchased another 214,285 acres (867.18 km 2) in Morgan, Hocking, Vinton and Athens counties, using these bounties, with the 1/3 discount for bad lands, as in the first purchase.
The minimum price of $2.00 an acre was unchanged from the Land Act of 1796, in which the price was doubled from that set by the Land Ordinance of 1785. Once the United States Congress enacted the Land Act of 1804 it directly dealt with land in states like Ohio and Indiana. The Act allowed Ohioans to purchase land via credit.
The Seven Ranges Terminus. The Seven Ranges (also known as the Old Seven Ranges) was a land tract in eastern Ohio that was the first tract to be surveyed in what became the Public Land Survey System. The tract is 42 miles (68 km) across the northern edge, 91 miles (146 km) on the western edge, with the south and east sides along the Ohio River.
Symmes gathered a syndicate, known as the Miami Company, to buy the land. The original contract was for 1,000,000 acres (4,000 km 2), but the company couldn't afford to pay for the land, and paid for and received only 311,686 acres (1,261.35 km 2) in the southwest portion of the original tract. The land was 66 + 2 ⁄ 3 ¢ per acre. Location
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