on a yearly rent of six percentum on the amount of valuation” subject to re-evaluation after 35 and 60 years. No leases were taken, as land in adjacent townships could be bought outright for one dollar per acre or less, and no one would risk such re-evaluations. In February 1805, the state directed that leases should run for 99 years, renewable forever, at six percent of appraised valuation. In 1826 the university was permitted to sell lands within the townships, but for leased lands, the rent established in 1805 still prevails. See also Ohio Company of Associates Ohio Lands Ohio University Notes References Former regions and territories of the United States Geography of Ohio Pre-statehood history of Ohio Ohio University Athens County, Ohio