§282 — Title 30 Mineral Lands and Mining | U.S. Code

Summary

If a permit holder proves to the Secretary of the Interior that they found a valuable deposit of a mineral listed in this part of the law on the land covered by their permit, and the land is mainly valuable for that deposit, they must be allowed to get a lease for any or all of that land. The lease must require a royalty of at least 2 percent of the amount or the gross value of potassium compounds and related products (excluding sodium) at the point they are shipped to market. The leased land must be taken in one compact block using the normal legal survey parcels for public lands. If the land has not been surveyed, the permit holder must pay for a survey done under rules set by the Secretary of the Interior.

Title 30, §282

Mineral Lands and Mining — Source: USLM XML via OLRC

Upon showing to the satisfaction of the Secretary of the Interior that valuable deposits of one of the substances enumerated in this subchapter has been discovered by the permittee within the area covered by his permit, and that such land is chiefly valuable therefor, the permittee shall be entitled to a lease for any or all of the land embraced in the prospecting permit, at a royalty of not less than 2 per centum of the quantity or gross value of the output of potassium compounds and other related products, except sodium, at the point of shipment to market, such lease to be taken in compact form by legal subdivisions of the public land surveys, or if the land be not surveyed, by survey executed at the cost of the permittee in accordance with regulations prescribed by the Secretary of the Interior.

Editorial Notes

Codification Section was not enacted as part of act Feb. 25, 1920, ch. 85, 41 Stat. 437, known as the Mineral Leasing Act, which comprises this chapter.

§282 Leases to permittees of lands showing valuable deposits; royalty

Summary

Title 30, §282

Notes & Related Subsidiaries

Editorial Notes

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