(a) The directors of any common or special school district of this state shall have full and complete authority without any authorization by electors of the school district to execute and deliver oil, gas, and mineral leases upon the lands of the school district, which leases are to contain such terms and are to be given for such consideration as is acceptable to the directors.
(b) Any and all oil, gas, and mineral leases covering lands of any such school district, hereafter executed by the directors of the school district, shall be valid and effectual and binding on the school district.
(c) All oil, gas, and mineral leases covering the lands of any common or special school district of this state which have been made and executed by the directors of the school district are declared to be binding on the school district and effectual for all the purposes therein set out.
Structure Arkansas Code
Subtitle 2 - Elementary and Secondary Education Generally
Subchapter 6 - School District Boards of Directors Generally
§ 6-13-608. Length of directors' terms
§ 6-13-611. Vacancies generally
§ 6-13-612. Vacancy — Conviction of felony
§ 6-13-613. Temporary vacancies — Vacancies created by failure to participate
§ 6-13-615. Local option to elect directors from single-member zones
§ 6-13-616. Qualifications of directors
§ 6-13-618. Organization — Disbursing officer
§ 6-13-621. Authority to convey section lands
§ 6-13-622. Publication of budget
§ 6-13-623. Legal proceedings — Employment of counsel
§ 6-13-624. Oil, gas, and mineral leases
§ 6-13-625. Liability insurance
§ 6-13-626. Access of military recruiters to school facilities and records
§ 6-13-628. Purchases in small communities without bids
§ 6-13-629. Training and instruction — Reimbursement
§ 6-13-630. Election by zone and at large
§ 6-13-631. Effect of minority population on election
§ 6-13-632. Adequate meeting facilities required
§ 6-13-634. School district board of directors — Size
§ 6-13-635. School board review and approval of salary increases — Definition