13-24-6. Pooling and unitization of oil and gas development authorized.
Any such oil and gas lease may provide, or said board by subsequent contract may agree, that the lessee and his assigns shall have the right and power to consolidate the land covered by said lease with other adjoining land for the purpose of joint development and operation of the entire consolidated premises as a unit, in which event the lessor of such lease shall share in the royalty on oil and gas produced from said consolidated tract in the proportion that the area of the land covered by such lease bears to the total area of said consolidated tract.
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.