HomeMy WebLinkAbout2280 ,.v .\4" ' t~r~ ~{i n I i
a~CY~':-t.t~. ~ •-+..a.l.it
tl~~ . . • i
~ •
1
~ • ~
• ~ ~
~ •
. 'f
~
o! ang renewal hereot.
Z. Lesaora reserve t2~e riql~t to eAter upon the leased premisee ~
to explore for oil, qas and minerals, provided aueh exploration ehall
not~intsrfere with salvaqe vperatione o! tha Lessee• herefn.
3. It is underatood and agreed that I~eesees will not search or
•alvaqe in any area other than that explicitly aet forth above, and
~Leseees are expreealy forbidden to trespaes on any other valid leaee
heretofore given by t~e Truatees of the Internal Improvement Fund for
~ ~ similar purpoeee. -
~ , x
4. T'he I.eeaees caveaant and aqree a~ follo~+s:
. ~
ia) To maks reports to the Leesore at the end of each three ~
; ~ ~
_ ;
~
' moaths or more often if either pasty desires, of opsrations and fiadfngs ~
of all items s~].vagad aad renw~ved with a list of such materiale taken.
~
~ The Leesors ehall be paid 2596 of the fair mauket value of all itema
~ealvaqed or remove8 by these Isseees, or 2594 of the iteme them8elves,
, or a canbination of materials and fair market value not exceedinq 259L ;
~ ~ i
of th~ total value of the findings. The seleation of a method of such !
. ~
~
paym~ent ehall be made b~y the L-eesors throngh thsir Dfreetor. ~To sale ~
. E
. ,
or dieposition ehall be made of any materials recavered under tlsia leaee
~ ~ until the Lessors have advisad the Lessees whether the royalty eet forth !
abave ehall be paid in recovered material or ia cash or a cambination
- of the two. It is tli0 ~AteAt of the Lessora t.hat such determinations
~ ~
t
~ ehall be mac],e aa expeditiouely ae possible witbin a reasonable time.o~
the report of the findings by the Leesees, and euch dispositioa shall .
_ ~ . ~
F ~ be made in ~+riting by the Director to the Lesseea. T'he X.esaees at all
k ~
; ; times shall be responsible for tbe eafekeepinq of all materiale recovered ~
~ and shall retain them ia a place o~ safety designated in writing by the~
+ .
_ • -
I.sseors aad such mateY'ials shall bs eubject to ~celeaee only on w~cittea
f; •
~ autbority by the z.eesors t~rough their Director or other 8~esignated
s - ,
E aqentr~
,
~ ; (b) To, c~omTly ~+ith all laWS aad regulationa ot t.he Stata of
s t .
~
•
~ • ' '
c : " 1t~ ~r ' ~r
~ ~ - 2 - ~ ~ ~OOK. . ~7U PACE4 !9
~ i . , . ~ _ _ . . -
: ~ • .
~ . .
~ - - _ - - -
~