Separation of subdivisions and reoffer if satisfactory bid not received

When a tract is offered for lease and no satisfactory bid is received therefor, the legal subdivisions thereof, if any, may be separately offered; or such tract may be offered in connection with contiguous tracts which have been offered and for which no acceptable bid has been received. Source: SL 1937, ch 86 , § 6; SDC 1939, § 12.2216.