7-30-4. Lease to highest bidder--Minimum rental.
Each tract of land shall be leased to the highest bidder.
Before the auction date the board of county commissioners shall fix by resolution a minimum rental rate for each tract of land. No bid may be accepted which is less than the minimum rental rate.
Source: SL 1937, ch 86, §4; SDC 1939, §12.2214; SL 2011, ch 41, §1.
Structure South Dakota Codified Laws
Chapter 30 - Lease Of County Real Estate Held For Public Purposes
Section 7-30-2 - Publication of notice of leasing.
Section 7-30-3 - Conduct of auction--Continuation--Adjournment.
Section 7-30-4 - Lease to highest bidder--Minimum rental.
Section 7-30-5 - Payment of annual rental--Execution of lease.
Section 7-30-6 - Form of lease--Entire quarter section leased where water right jeopardized.
Section 7-30-7 - Lease on sharecrop basis--Lien on crop.
Section 7-30-8 - Terms and conditions of lease.
Section 7-30-9 - Termination of lease on nonpayment of rent.
Section 7-30-10 - Lease of residential property--Advertising and auction--Payment of rent--Default.
Section 7-30-11 - Separation of subdivisions and reoffer if satisfactory bid not received.
Section 7-30-12 - Private lease of tracts not leased at annual auction.
Section 7-30-13 - Lease after auction.
Section 7-30-14 - Lease of residential property from month to month--Offer of higher rental.
Section 7-30-15 - Permit to build dam on leased land.
Section 7-30-17 - Subsequent lessee to pay cost of dam--Computation of amount payable.