Except where otherwise provided for in the charter, constitution, or bylaws of any church, lodge, or other eleemosynary institution, the trustee, deacons, or other governing body shall have the right and authority to make, execute, and deliver oil, gas, and mining leases, and mineral deeds upon lands owned by the institutions upon such terms and conditions as the governing body shall deem to be in the best interest of the institutions, and the majority vote of the body shall control in all such actions taken by the body.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 6 - Oil, Gas, and Brine
Chapter 73 - Oil And Gas Leases And Lease Interests
Subchapter 2 - Leases Generally
§ 15-73-201. Lease extended by production — Scope
§ 15-73-203. Forfeiture of oil, gas, or mineral leases — Duty of lessee to cancel or release
§ 15-73-204. Notice to lessee to release forfeited lease — Damages for failure to release
§ 15-73-205. Failure to pay rental installment — Endorsement of forfeiture