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Vernon's Civil Statutes §8

Text in force on

In force on Apr 17, 1962 · this text took effect (date not stated) · amended later, effective Sep 01, 2001

FILING BIDS; DISCONTINUANCE OF YEARLY PAYMENTS; TERMINATION OF LEASE

If the Board shall determine that a satisfactory bid has been received for said oil and gas, it shall be filed in the General Land Office. Whenever the royalties shall amount to as much as the yearly payment as fixed by the Board, the yearly payment may be discontinued. If before the expiration of three (3) years oil and/or gas shall not have been produced in paying quantities, the lease shall terminate.

History:

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

Every version on file

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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.