13-24-5. Oil and gas exploration and development leases authorized--Private or public sale.
The school board of any school district in this state is hereby authorized and empowered to lease its grounds, or any part thereof, for oil and gas exploration and development, for a primary term not to exceed ten years and as long thereafter as oil or gas is or can be produced. Such sale may be at private or public sale, and with or without notice, as may be provided in the resolution of the school board authorizing the same.
Source: SL 1941, ch 72, §1; SL 1955, ch 41, ch 11, §4; SDC Supp 1960, §15.2104.
Structure South Dakota Codified Laws
Chapter 24 - School Grounds And Buildings
Section 13-24-1 - School board authority to purchase or lease land for school purposes.
Section 13-24-4 - Exchange of property with state, municipality, township, or county.
Section 13-24-5 - Oil and gas exploration and development leases authorized--Private or public sale.
Section 13-24-6 - Pooling and unitization of oil and gas development authorized.
Section 13-24-7 - Oil and gas leases not to interfere with school purposes.
Section 13-24-8 - Oil and gas proceeds paid into district general fund.
Section 13-24-10 - Maximum term of leases of school property--Bid requirements.
Section 13-24-11 - Equipment, maintenance, and repair of buildings and athletic fields.
Section 13-24-16 - Sanitary facilities and utilities required for school buildings.
Section 13-24-17 - Flagpole required--Display of flag.
Section 13-24-17.1 - Display of Ten Commandments permitted--Conditions.
Section 13-24-21 - Fee for use of school parking facilities.
Section 13-24-23 - National motto to be displayed in prominent location of public school.