Chapter 503. Relating to patents issued pursuant to decrees of the Court of Private Land Claims
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CHAP. 503.— An Act Relating to patents issued pursuant to decrees of the Court of Private Land Claims.June 8, 1926.[[S. 4261](/us/bill/69/s/4261).][[Public, No. 359](/us/pl/69/359).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,Private land grants.Gold, etc., deposits on confirmed., not conveying mineral rights, may be leased to grantee. That hereafter all gold, silver, or quicksilver deposits, or mines or minerals of the same on lands embraced wit inn any land claim confirmed or hereafter confirmed by decree of the Court of Private Land Claims, and which did not convey the mineral rights to the grantee by the terms of the grant, and to which such grantee has not become otherwise entitled in law or in equity, may be leased by the Secretary of the Interior to the grantee, or to those claiming through or under him, for a period of twenty years, with the preferential right in the lessee to renew the same for successive periods of ten Terms, etc., to be prescribed.years, upon such reasonable terms and conditions as may be prescribed by the Secretary of the Interior, unless otherwise provided by law at the time of the expiration of such periods.
Sec. 2.Royalties on output to be paid. That for the privilege of mining or extracting the gold, silver, or quicksilver deposits in the land covered by such lease, the lessee shall pay to the United States a royalty, which shall not be less than 5 per centum nor more than 12^ per centum of the net value of the output of the gold, silver, or quicksilver at the mine, due and payable at the end of each month succeeding that Deposit of moneys received from royalties, etc.of the extraction of the minerals from the mine.
All moneys received from royalties and rentals under the provisions of this Act shall be deposited in the Treasury of the United States, and Vol. 41, p. 450.disposed of in the same manner as rentals and royalties under the provisions of the Act of February 25, 1920 (Forty-first Statutes, page 437). Sec. 3.Authority of Secretary in execution of Act. That the Secretary of the Interior is hereby authorized to perform any and all acts and to make such rides and regulations as may be necessary and proper for the purpose of carrying this Act into full force and effect.
Approved, June 8, 1926.