7-31-38. Mineral, oil and gas leases permitted.
To foster and encourage the development and exploitation of mineral, oil, gas, or other substances or commodities among the natural and physical resources of the State of South Dakota, and for the purpose of developing the resources, and operating and carrying on works of internal improvement in the State of South Dakota, any county of this state, as lessor, through its board of county commissioners, is hereby authorized to execute and issue in the name of such county leases for the exploration and development of, and production of oil or gas from any of the lands belonging to any county of this state acquired in satisfaction of a school-fund loan mortgage or through foreclosure of such, or acquired through tax-deed proceedings or in payment of taxes, to any lessees for such a term of years and upon such terms as may be prescribed and contracted by the board of county commissioners of any county in the state in the exercise of their best judgment, to induce drilling operations and production of oil or gas in paying quantities.
Source: SL 1939, ch 165, §1; SDC Supp 1960, §42.0801.
Structure South Dakota Codified Laws
Chapter 31 - Management Of Tax Deed And School Fund Mortgage Lands
Section 7-31-1 - Legislative policy and purpose.
Section 7-31-2 - County commissioners to control land.
Section 7-31-4 - Lease of class one grazing land.
Section 7-31-5 - Lease of class two land--Conservation measures required.
Section 7-31-7 - Permit to erect improvements on leased land--Ownership of improvements.
Section 7-31-8 - Removal of improvements on termination of lease--County property if not removed.
Section 7-31-9 - Payment to lessee for improvements not capable of removal--Time of valuation.
Section 7-31-11 - Deposit of value of improvements--Transfer of ownership.
Section 7-31-12 - Apportionment of rental proceeds from tax-deed lands.
Section 7-31-13 - Apportionment of rental proceeds from school mortgage lands.
Section 7-31-14 - Insurance on county-owned improvements.
Section 7-31-26 - Notice of default given to installment purchaser.
Section 7-31-27 - Service of notice on defaulting installment purchaser.
Section 7-31-28 - Recording of notice of default.
Section 7-31-30 - Proceedings to set aside installment contract in default.
Section 7-31-31 - Apportionment of proceeds of sale of land.
Section 7-31-32 - Exchange of isolated tracts--Advertising and appraisement not required.
Section 7-31-33 - Adjustment between taxing districts after exchange of lands.
Section 7-31-34 - Method of sale of school mortgage lands unaffected.
Section 7-31-35 - Appeal from county commissioners to circuit court.
Section 7-31-36 - Short title of law.
Section 7-31-37 - Oil and gas pooling agreements permitted.
Section 7-31-38 - Mineral, oil and gas leases permitted.
Section 7-31-39 - Royalty agreements required in oil and gas leases.
Section 7-31-40 - Assignment of mineral, oil and gas leases.
Section 7-31-42 - Customary provisions inserted in mineral, oil and gas leases.
Section 7-31-43 - Power of county commissioners to withhold land from oil and gas leasing.
Section 7-31-44 - Sale or other disposition of oil and gas rights.
Section 7-31-46 - County commissioners to direct managing agents--Contracts on behalf of county.
Section 7-31-47 - Assistance by agents in tax-deed and mortgage-foreclosure proceedings.
Section 7-31-48 - Compensation of managing agents--Clerical assistance and supplies.