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The Preemption Act of 1841 permitted "squatters" who were living on federal government-owned land to purchase up to 160 acres (65 ha) for $1.25 per acre ($3.09 per hectare) before the land would be offered for sale to the general public. To qualify under the law, the "squatter" had to be the following:
The claimed homestead could include the same land which they had previously filed a preemption claim (on up to 160 acres at $1.25 per acre, or up to 80 acres of subdivided and surveyed land at $2.50 per acre), and they could expand their current ownership to contiguous adjacent land up to 160 acres total.
He soon began buying thousands of acres of land and eventually accumulated over 45,000 acres of land in Illinois, Iowa, and Tennessee. He used funds from the sale of land to develop the best of his land holdings: 5,000 acres of land in northern McLean County and southern Livingston County.
An Illinois mansion formerly owned by R. Kelly and recovered by one of The Isley Brothers is up for sale. The home is gargantuan, measuring more than 21,000 square-feet atop a 3.7 acre lot.
The village ultimately acquired the property for $20 million in September of that year. In May 2003 the Illinois Department of Natural Resources awarded the Park District a $2 million grant through the Open Land Trust program in order to preserve 5.22 acres of the property. In July 2004 a sales agreement was reached in which the Park District ...
The largest parcel annexed came in 1991 when 500 acres (2.0 km 2) at the northwest corner of Sauk Trail and the Calumet Expressway was finally added to the village. The 500-acre (2.0 km 2) parcel was previously proposed for the GM-Saturn plant by Mayor Paesel and the new Chicago Bears Stadium by Trustee Wiszowaty. [44]
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