17-9-7 - Payment of bonus consideration, delay drilling rentals and royalties.
§ 17-9-7. Payment of bonus consideration, delay drilling rentals and royalties.
The bonus consideration, delay drilling rentals, and royalties accruing under any lease executed with the authority of this chapter shall be paid by the lessee to a county depository to the credit of the county or to a municipal depository to the credit of the municipal corporation, said depository to be selected and designated in the order authorizing said lease, and all of said funds so accruing shall go into the general fund of the county or municipality, as the case may be.
Sources: Codes, 1942, § 2892-01; Laws, 1946, ch. 185, § 4.