Sec. 71.009. ROYALTY. (a) In each lease other than a lease for coal and lignite executed under this subchapter, the lessor shall retain at least a one-eighth royalty.
(b) In a lease for coal and lignite executed under this subchapter, the lessor shall retain at least a royalty based on one of the following or a combination of the following:
(1) a sum certain per ton;
(2) a percentage certain of the gross sale price F.O.B. at the mine site of the coal and lignite; or
(3) a sum certain for each acre-foot of coal and lignite mined and removed from the premises.
(c) Royalties under a coal and lignite lease may be paid as advanced mineral royalties.
Acts 1977, 65th Leg., p. 2505, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
Structure Texas Statutes
Subtitle F - Land of Political Subdivisions
Chapter 71 - Lease for Mineral Development
Subchapter A. Leases by Political Subdivisions
Section 71.002. Authority to Lease
Section 71.003. Governing Body to Exercise Authority
Section 71.004. Notice and Hearing
Section 71.005. Notice of Intention to Lease Land
Section 71.006. Receiving Bids and Awarding Lease
Section 71.007. Rejection of Bids and Additional Bids