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Whenever the governor is satisfied from information received, that swamp lands of the state, not subject to tidal overflow, have been illegally and fraudulently entered by private persons or corporations and sold by the state for a price less than one dollar and twenty five cents per acre, or for a price authorized by law, but in a quantity in excess of six hundred and forty acres, he may order the institution of proceedings for the recovery of all such lands in excess of six hundred and forty acres, for the value of timber taken therefrom, or for damage thereto and waste thereon.