| (a) Material Assets.
(1) No sale of timber, rock, gravel, sand, chemicals, or other
material asset, the loss of which tends to lower the value of the land, shall
be effective until approved by the chairman of the board.
(2) The chairman will prescribe the form or forms of instruments
necessary to effectuate a sale, and will approve any such sale on behalf of
the board.
(3) At least 1/2 of the proceeds from the sale of a material
asset shall be paid to the board. This amount will be applied toward the principal
balance of the veteran's account.
(b) Improvements.
(1) Before any improvements may be removed from the property
the veteran must obtain written permission to do so from the chairman of
the board.
(2) The veteran's request should be in writing and addressed
to the chairman of the board, and advise the amount to be paid, if any, and
the reasons for removal.
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