The commissioner may execute leases for the extraction of salt from the saline lands and lakes belonging to the state. Such leases shall provide for a royalty on all salt extracted therefrom of not less than ten percent of the actual sale price at the place of extraction. Said royalties shall be paid quarterly and accurate record shall be kept of all sales made. All leases made hereunder shall contain such conditions and shall provide for the cancellation of the lease by the commissioners for the breach thereof.
History: Laws 1912, ch. 82, § 41; Code 1915, § 5219; Laws 1923, ch. 99, § 1; C.S. 1929, § 132-142; Laws 1939, ch. 81, § 1; 1941, ch. 16, § 1; 1941 Comp., § 8-913; 1953 Comp., § 7-9-13.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Cross references. — For exception of statutes relating to leasing of state lands for the production of common salt from the provisions of 19-8-4 to 19-8-7 NMSA 1978, see 19-8-6 NMSA 1978.
Structure 2021 New Mexico Statutes
Article 8 - Lease of Mineral Lands
Section 19-8-1 - [Concealment of returns; defrauding state of royalty; penalty.]
Section 19-8-2 - [Inspection of lessee's books by commissioner.]
Section 19-8-4 - Leases for certain minerals; rentals; royalty.
Section 19-8-5 - [Term of lease.]
Section 19-8-6 - [Salt lease statutes excepted.]
Section 19-8-7 - [Rules and regulations authorized.]
Section 19-8-10 - [Saline leases; royalties; record of sales; conditions.]
Section 19-8-11 - [Term of saline lease; extension.]
Section 19-8-13 - [Mineral lands; development.]
Section 19-8-14 - Issuance of mineral leases authorized; minerals not included.
Section 19-8-15 - Minerals, lessees, legal subdivision defined.
Section 19-8-16 - Validation of existing leases and permits; renewals of permits prohibited.
Section 19-8-17 - Relinquishment of permits for conversion.
Section 19-8-18 - Term of leases.
Section 19-8-19 - [Terms of leases; stipulation of conditions under statute; filing and recording.]
Section 19-8-20 - Leases; stipulation; rental.
Section 19-8-23 - Covenants to market and develop.
Section 19-8-25 - Inspection of records; reports.
Section 19-8-26 - Relinquishment of leases.
Section 19-8-27 - Violation of lease; notice; forfeiture for noncompliance with demand.
Section 19-8-28 - Assignment of leases; form; approval; effect; lands in production.
Section 19-8-29 - Improvements removable upon termination of lease.
Section 19-8-30 - Area of lease.
Section 19-8-31 - Posting of open acreage; simultaneous applications.