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Newspaper
Casper Press
Location
Casper, Wyoming, United States of America
Date
Jun 16, 1911
Page
4
The draft section outlines terms for oil asphaltum gas and phosphate leases under Interior Department rules. It specifies advance rental payments per acre and per year, royalty credits, and annual increases. The Interior Secretary may cancel leases for nonoperation and designate officers to receive applications and payments, plus bond requirements.
Provisions authorize Secretary of the Interior to approve leases, restrict liens and unpaid assessments, and allow lease termination upon the lessee's written request. Upon termination, retiring lessees may dispose of removable improvements, with compensation by new lessees for remaining structures. Disputes resolved by a three-member board.
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