§182-9  Deposit; first year's rental. All bidders shall prior to the date of public auction post with the board ofland and natural resources a deposit of $500.  The board shall refund tounsuccessful bidders such amount within two days after the auction.  Allbidders, prior to the auction, shall satisfy the board of their financialability to conduct mining operations and of their capability to develop amine.  The successful bidder shall pay to the board the amount of the firstyear's rental within two days after the acceptance of the bid by the board andthe $500 deposit shall be credited against such sum.  If the deposit exceedsthe first year's rental, the excess shall be refunded.  All rentals thereafterare payable in advance once a year. [L 1963, c 11, pt of §1; Supp, §99A-9; HRS§182-9]