Section 7-30-4 - Lease to highest bidder--Former lessee's preference--Minimum rental.
7-30-4. Lease to highest bidder--Former lessee's preference--Minimum rental. Each tract shall be leased to the highest bidder, provided any former lessor shall have prior right to lease at the highest bid in case land offered is under his fence or inclosure.
Before the auction date the board of county commissioners shall fix by resolution a minimum rental rate and no bid shall be accepted which is less than such minimum.
Source: SL 1937, ch 86, § 4; SDC 1939, § 12.2214.