§ 273. — Lease of lands not covered by permits or leases; acreage; rental.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 30USC273]
TITLE 30--MINERAL LANDS AND MINING
CHAPTER 3A--LEASES AND PROSPECTING PERMITS
SUBCHAPTER VIII--SULPHUR
Sec. 273. Lease of lands not covered by permits or leases;
acreage; rental
Lands known to contain valuable deposits of sulphur and not covered
by permits or leases shall be held subject to lease by the Secretary of
the Interior through advertisement, competitive bidding, or such other
methods as he may by general regulations adopt and in such areas as he
shall fix, not exceeding six hundred and forty acres; all leases to be
conditioned upon the payment by the lessee of such royalty as may be
fixed in the lease and the payment in advance of a rental of 50 cents
per acre per annum, the rental paid for any one year to be credited
against the royalties accruing for that year.
(Apr. 17, 1926, ch. 158, Sec. 3, 44 Stat. 301.)
Codification
Section was not enacted as part of act Feb. 25, 1920, ch. 85, 41
Stat. 437, known as the Mineral Leasing Act, which comprises this
chapter.
