§ 282. — Leases to permittees of lands showing valuable deposits; royalty.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 30USC282]
TITLE 30--MINERAL LANDS AND MINING
CHAPTER 3A--LEASES AND PROSPECTING PERMITS
SUBCHAPTER IX--POTASH
Sec. 282. Leases to permittees of lands showing valuable
deposits; royalty
Upon showing to the satisfaction of the Secretary of the Interior
that valuable deposits of one of the substances enumerated in this
subchapter has been discovered by the permittee within the area covered
by his permit, and that such land is chiefly valuable therefor, the
permittee shall be entitled to a lease for any or all of the land
embraced in the prospecting permit, at a royalty of not less than 2 per
centum of the quantity or gross value of the output of potassium
compounds and other related products, except sodium, at the point of
shipment to market, such lease to be taken in compact form by legal
subdivisions of the public land surveys, or if the land be not surveyed,
by survey executed at the cost of the permittee in accordance with
regulations prescribed by the Secretary of the Interior.
(Feb. 7, 1927, ch. 66, Sec. 2, 44 Stat. 1057.)
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.
