§ 282. Leases to permittees of lands showing valuable deposits; royalty
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/usc/title-30/section-282A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon showing to the satisfaction of the Secretary of the Interior that valuable deposits of one of the substances enumerated in this subchapter has been discovered by the permittee within the area covered by his permit, and that such land is chiefly valuable therefor, the permittee shall be entitled to a lease for any or all of the land embraced in the prospecting permit, at a royalty of not less than 2 per centum of the quantity or gross value of the output of potassium compounds and other related products, except sodium, at the point of shipment to market, such lease to be taken in compact form by legal subdivisions of the public land surveys, or if the land be not surveyed, by survey executed at the cost of the permittee in accordance with regulations prescribed by the Secretary of the Interior.
(Feb. 7, 1927, ch. 66, § 2, 44 Stat. 1057.)
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- Feb. 7, 1927, ch. 66, § 2
- 44 Stat. 1057
- act Feb. 25, 1920, ch. 85
- 41 Stat. 437
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§ 282
Leases to permittees of lands showing valuable deposits; royalty
Stat. Comp.×1
ActFeb. 7, 1927, ch. 66, § 2
Stat.44 Stat. 1057
Actact Feb. 25, 1920, ch. 85
Stat.41 Stat. 437
Cites 4Cited by 1 across 1 source