Establishment
Between 1824 and 1828, Austin granted 297 titles under this contract. Each head of household received a minimum of 177 acres or 4,428 acres depending on whether they intended to farm or raise livestock. The grant could be increased for large families or those wishing to establish a new industry, but the lands would be forfeited if they were not cultivated within two years.
The settlers who received their titles under Austin's first contract were known as the Old Three Hundred, and they made up the first organized, approved influx of Anglo-American immigrants to Texas. The new titles were located in an area where no Spanish or Mexican settlements had existed, covering the land between the Brazos River and the Colorado River from the Gulf Coast to the San Antonio Road.
Read more about this topic: Old Three Hundred