7-30-5. Payment of annual rental--Execution of lease.
If the highest offer for any tract of land payable in cash is satisfactory, the bidder shall immediately pay to the county treasurer the amount specified as the annual rental for the tract. The treasurer shall give the bidder a receipt and shall keep a copy on file in the office. The county auditor shall prepare a lease for the tract in duplicate to be signed by the county auditor and the lessee. The county auditor shall give the lessee a copy and shall keep a copy on file in the office.
Source: SL 1937, ch 86, §4; SDC 1939, §12.2214; SL 2016, ch 44, §70.
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.