Okla. Stat. tit. 64, § 64-1040

A. The Commissioners of the Land Office shall dispose of, sell

and convey, subject to the limitations, exceptions, conditions,

rules, regulations and instructions, provided by law, except where

the land is embraced in any reservation specifically reserved from

sale for any special purpose, all the following enumerated and

described school and public lands of this state:

1. All lands owned by this state, reserved, granted, and taken

in lieu of sections numbered sixteen, thirty-six, thirteen and

thirty-three and known as indemnity lands. When the lands as

described in this paragraph or any part of the lands are sold and

conveyed, the proceeds derived therefrom shall be prorated among the

several funds as their interest may appear, and used as provided by

law;

2. All lands embraced in sections numbered thirty-three in that

part of the state formerly known as Oklahoma Territory, and granted

to the state for charitable and penal institutions and public

buildings. All the money derived from the sale of any or all of the

lands described in this paragraph shall be apportioned and disposed

of as may be provided by law; and

3. All lands granted to this state by the United States under

and by virtue of Section 12 of the Enabling Act for the following

purposes, namely:

a. for the benefit of the Oklahoma University, two

hundred fifty thousand (250,000) acres,

b. for the benefit of Oklahoma State University, two

hundred fifty thousand (250,000) acres,

c. for the benefit of the University Preparatory School,

one hundred fifty thousand (150,000) acres,

d. for the benefit of Langston University, one hundred

thousand (100,000) acres, and

e. for the benefit of the normal schools now established

or which may be established, three hundred thousand

(300,000) acres. All money derived from the sale of

Oklahoma Statutes - Title 64. Public Lands Page 47

any of the lands described in this paragraph shall be

invested for the state in trust, and interest thereon

shall be used exclusively and as above apportioned in

the support and maintenance of the schools.

B. If any tract, part or parcel of any of the land enumerated

and described in this section, was or shall be returned to the

Commissioners of the Land Office by a board of appraisers, including

those tracts of land embraced in sections numbered thirteen, sixteen

and thirty-six, and otherwise herein reserved from sale, that are

now platted and occupied and leased directly from the State of

Oklahoma for townsite purposes, as being more valuable for townsite

than for agricultural purposes, then the tract, part or parcel of

the land shall be reserved by the Commissioners of the Land Office

from sale and disposed of subject to the conditions of this title.

R.L. 1910, § 7144. Amended by Laws 1998, c. 246, § 28, eff. Nov. 1,

1998; Laws 2010, c. 41, § 30, emerg. eff. April 2, 2010. Renumbered

from § 181 of this title by Laws 2010, c. 41, § 92, emerg. eff.

April 2, 2010.