The Laws of Texas, 1929-1931 [Volume 27] Page: 68 of 1,943
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56 GENERAL LAWS.
provided for in this Act, for the purpose of leasing for agricultural
purposes or for prospecting, or exploring for and mining,
producing, storing, caring for, transporting, preserving,
and disposing of the oil and/or gas therein belonging to the
SEC. 3. The Board is hereby authorized to cause the State
Eleemosynary and State Memorial Park lands to be surveyed
and subdivided into such lots or blocks as will be conducive or
convenient to facilitate the advantageous sale of oil and/or gas
leases thereon, and identify such lots and blocks by permanent
markings on the ground, and to make such maps and plats as
may be thought necessary to carry out the purposes of this
Act. The Board shall forthwith obtain authentic abstracts of.
title to all Eleemosynary and State Park lands, and cause same
to be examined by the Attorney General, who shall file written
opinions thereon, and said Board shall take such steps as may
be necessary to perfect a merchantable ttile to such lands in
the State of Texas. Such Abstracts of Title and the Attorney
Generals opinion thereon shall be held on file in the General
Land Office as public documents for the inspection of any prospective
purchaser of oil and gas leases on said lands.
SEC. 4. Wherever, in the opinion of the Board, there shall
be such a demand for the purchase of oil and/or gas leases on
any lot or tract of said land as will reasonably insure an advantageous
sale, the Board shall place such oil and gas in said
land on the market in such blocks or lots as the Board may designate.
It shall cause to be advertised a brief description of the
land from which the oil and gas is proposed to be sold, and
that sealed bids for the purchase of said oil and/or gas by
lease will be opened at a designated day, at ten o'clock A. M.
that day, and that sealed bids received up to that time will be
considered. Said advertisements shall be made:
(a) In addition the Board may in its discretion, cause said
advertisement to be placed in oil and gas journals in and out
of the State to be mailed generally to such persons as they
think might be interested.
SEC. 5. All bids shall be directed to the said Board in care
of the General Land Office of the State of Texas, and shall be
retained by the Commissioner of the General Land Office until
the day designated for the opening of bids, and upon that day
the said Board, or a majority of its members, shall open said
bids and shall list and file and register all bids and money
received. A separate bid shall be made for each whole survey
or subdivision thereof. No bid shall be accepted which offers
a royalty of less than one-eighth of the gross production of
oil and/or gas in the land bid upon, and this minimum royalty
may be-increased at the discretion of the Board, all members
concurring, before the promulgation of the advertisement of
the land. Every bid shall carry the obligation to pay an amount
not less than $1.00 per acre for delay in drilling, such amount
to be fixed by the Board in advance of the advertisement, and
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1929-1931 [Volume 27], book, 1931; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth16362/m1/68/: accessed February 25, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .