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Re:Yale’s 367-year-old water bond still pays interest (2015) by refurb on Sunday December 11, 2022 @01:16AM (#33940607)
Read the details, it's because proof of land grants wasn't exactly perfect. Lots of claims but sometimes no concrete proof. The article calls out instances of fraud.

I wouldn't say a few exceptions where challenges were faced mean the US didn't respect land grants. The paper itself says the vast majority has no issues.

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