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30 U.S.C. § 273 — Lease of lands not covered by permits or leases; acreage; rental

submitted 100 years ago by ch. 158 to r/title-30-MINERAL-LANDS-AND-MINING · 110 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law lets the Secretary of the Interior lease sulphur-rich land not already under permit. The Secretary can offer leases through advertisement, bidding, or other methods, in parcels up to 640 acres. Lessees pay a royalty plus 50 cents per acre yearly rent, credited against royalties owed.

Land known to contain valuable sulphur deposits, but not already covered by a permit or lease, is held available for lease by the Secretary of the Interior. The Secretary can offer these leases through advertisement, competitive bidding, or other methods set by general regulations, in areas the Secretary decides on, not exceeding 640 acres each. Every lease requires the lessee to pay whatever royalty is fixed in the lease. The lessee must also pay rent in advance, at 50 cents per acre per year. Whatever rent is paid in a given year is credited against the royalties owed for that same year.
the actual law source: uscode.house.gov ↗public domain

Lands known to contain valuable deposits of sulphur and not covered by permits or leases shall be held subject to lease by the Secretary of the Interior through advertisement, competitive bidding, or such other methods as he may by general regulations adopt and in such areas as he shall fix, not exceeding six hundred and forty acres; all leases to be conditioned upon the payment by the lessee of such royalty as may be fixed in the lease and the payment in advance of a rental of 50 cents per acre per annum, the rental paid for any one year to be credited against the royalties accruing for that year.

Source credit: (Apr. 17, 1926, ch. 158, § 3, 44 Stat. 301.)

history & why it existsrecord from the source credit
  • 1926Enacted · Act of Apr. 17, 1926, ch. 158 · 44 Stat. 301

A history note hasn’t been published yet. The record shows enactment by ch. 158 on 1926-04-17.

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