37-101-157 - Execution of lease.
§ 37-101-157. Execution of lease.
All oil, gas and mineral leases provided for in Section 37-101-153, shall be executed by the President of the Board of Trustees of State Institutions of Higher Learning and attested by the Commissioner of Higher Education, respectively, on behalf of the institution owning or having the use of such lands as the case may be. The corporate seal of the institution owning or having benefit of such land shall be affixed to all leases. In all such cases such leases shall be executed only upon order or resolution of the Board of Trustees of State Institutions of Higher Learning in the manner hereinbefore set forth.
Sources: Codes, 1942, § 6726.3; Laws, 1950, ch. 376, §§ 1-5; Laws, 1988, ch. 324, § 3, eff from and after July 1, 1988.