Section 26
SEC. 26. All bids, must be sealed and addressed to the Director of Lands and must have inclosed therewith cash or a certified check or post-office money order payable to the order of the Director of Lands, for twenty-five per centum of the amount of the bid, which amount shall be retained in case the bid is accepted, as part payment of the purchase price : Provided, That no bid shall be considered the amount of which is less than the appraised value of the land.