Before any timber, trees, dead wood, or stumps, standing, growing or being upon lands shall be sold from said lands as is authorized in Section 37-101-141, and before any lands shall be leased for oil, gas and mineral purposes, or other purposes as is authorized in Section 37-101-143, the board of trustees of state institutions of higher learning shall advertise its intention to do so by publication in a newspaper in the City of Jackson, and also in a newspaper published in each county where such lands are situated, such notice to be published once a week for three consecutive weeks preceding such sale or lease, and by posting one notice at the courthouse in the county or counties where the lands are situated. In any county having no paper published therein, the publication shall be placed in some paper having a general circulation in said county. Said board shall sell or lease at public auction, or by sealed bids, at the place designated in said notices, to the highest and best bidder for cash. The board shall have the right to reject any or all of such bids.
Structure Mississippi Code
Chapter 101 - Institutions of Higher Learning; General Provisions
Sale of Timber; Mineral Leases
§ 37-101-141. Sale of timber on federally granted lands authorized
§ 37-101-143. Mineral leases of federally granted lands authorized
§ 37-101-145. Procedure for sale or lease
§ 37-101-147. Execution of conveyances and leases
§ 37-101-149. Disposition of proceeds of sale or lease; reports
§ 37-101-151. Continuation of trust funds
§ 37-101-153. Mineral leases of lands of institutions of higher learning authorized
§ 37-101-155. Procedure for lease
§ 37-101-157. Execution of lease
§ 37-101-159. Disposition of proceeds of lease
§ 37-101-161. Relationship of provisions with §§ 37-101-141 through 37-101-151