19-110.   Leasing of lands for oil, gas or other minerals; royalty.The board of county commissioners of any county in this state is herebyauthorized and empowered to lease county-owned lands in fee simple, or anypart thereof, for the production of oil, gas, or other minerals, for a termof not to exceed five (5) years, and so long thereafter as oil, gas, orother minerals may be produced therefrom in paying quantities. Each suchlease shall be upon the usual standard form of mineral lease customarilyused in the vicinity of said lands, and shall contain the usual provisionsof such standard form of lease, including the annual delay rental paragraphfound in all standard mineral, oil, and gas lease forms: Provided,however, That there shall be reserved to the county a royalty of notless than one eighth (1/8) part of the oil, gas, or other minerals producedfrom the leased premises, or in lieu thereof payment to the county of themarket value of such royalty interest as provided in said lease.

      History:   L. 1937, ch. 204, § 1; March 29.