The trustees of the Mississippi Gulf Coast Junior College District are authorized to execute oil, gas and mineral leases on any of the property of the district but such leases shall not extend for a term beyond five years unless oil, gas or other minerals shall be in production under said leases at the expiration of said period. The terms and conditions of said lease, within the limitations above set out, shall be for the determination and within the discretion of the trustees.
Structure Mississippi Code
Mississippi Gulf Coast Junior College District
§ 37-29-401. Mississippi Gulf Coast Junior College District created
§ 37-29-403. Transfer of property to junior college district
§ 37-29-407. Powers of president
§ 37-29-409. Selection of trustees; terms
§ 37-29-411. General powers and duties of trustees
§ 37-29-413. Junior college attendance centers
§ 37-29-415. Preparation of budget
§ 37-29-417. Execution of oil, gas and mineral leases
§ 37-29-419. Sales of surplus real and personal property
§ 37-29-421. Transportation of pupils
§ 37-29-425. Borrowing in anticipation of taxes
§ 37-29-433. Issuance of bonds; validation and sale
§ 37-29-435. Bonds issued are full faith and credit bonds of District; levy of tax