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