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Texas law on any date › Vernon's Civil Statutes

Vernon's Civil Statutes §6

Text in force on

In force on Sep 03, 1957 · this text took effect (date not stated) · amended later, effective Aug 29, 1977

PAYMENTS ACCOMPANYING BIDS; REQUISITES OF BIDS

Every bid shall be accompanied by a payment equal to the minimum price fixed on the land per acre for the delay in drilling if the bid is accepted. The bid shall further indicate the royalty the bidder is willing to pay, which royalty shall not be less than one-eighth (1/8th) of the gross production. The bid shall further name such amount as the bidder may be willing to pay in addition to the royalty and in the annual payment herein provided for, and shall be accompanied by cash or checks collectable in Austin to cover said amounts.

History:

Source: the Legislature's file server, seen Nov 08, 2026.

Every version on file

Attorney General opinions that cite it

A research copy. The official text is the Legislature's (statutes), the Secretary of State's (Texas Administrative Code) or eCFR's (federal rules). Not legal advice.