Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-06-16

IAHH, ana upon tha payment OF bAid bum
OF noGUy 10 deposited, 10 such owner
u the preference night to release any
tract or tracts Of land. the successful
bidder Anal, upon the execution bl inc
lessa covering such tract or tTacls Of and
ard the bond provided for by stAtiIe aud
the comp iance with The terms Of his or
10 bId, become ths owner Of the improve
nrutB aul equipment on sad tract or
Tracts ot land Provided that II the Com
mlH7iouprV Of the Land office shall r..
Irtt all bids Offered on any Tract or tracts
ot land. hereup0n az moneys deposited
by the bidders as cansst money IN con.
nrrtIor With their bids on such ArAct,
and All moneys deposited by bidders on
such tract or tracts for the purpose Of
payin= the value OF the Improvements and
equipment on such tract ot tracts, shall he
lmucdialdy returned to the respective bid
brrs 40 dePOsiting the same
In the event the owner Of She preference
rirbt 70 release any tract or tracts here.
matter described, now being developed or
operated, falls 10 elect 10 exercise his pre-.
irtTnre right 10 release the same the sue
c~ss'nl bidder shall pay 10 the owner Of
The preference hight to r. lease such tract
nr tracts In addition 10 The heretofore ap.
praised value NJ improvements and equip
Wrut on such tract or tracts, the cost Of all
improvements and equipment placed by the
owner Of the prciegcHrr right upoG SEy
snch tfart or tracts between the date Of
ihc apprsiSement of the Improvements and
/ equipment on such tract or tracts by he
board OF appralssrS appointed BY the Com
misSioners Of the Land office and the
date OF The awarding OF the lease thereon
10 such successful bidder Such cost shall
he paid In cash by the successful bid.
der to the owner Of the preference right to
re- lease any sTrh tract or tracts within
I'le7 days after tn" lease is awarded to any
such Eucressiul bidder; and II any such
succt AsfuI bidder and tho owner Of the
preference night 10 re lease any surh tract
o' tracts shall hn unable 10 agree upon
the amount Of any such costs shall os
determined by the Commissioners Of the
lard office, and their determination of the
rmount shall be binding up0n both parties.
Except 81 hereinafter specified under any
tract, oil bonuscs bid by the bidder for a
lease on any tract or tracts shall be pay
able In cash Al tho time the Lease is
lcxc'utcd and delivered to the successfJl
bidder
Esch bid must be on hle with or Ic,iv
cred to The Scr-riAry TO the Commits. 1ntrs
OF the land Oifre ut-ou the date aua hJrr
s"t for the opening Of said bids u BIZ
be- sent In by nal 10 must bee Eeatcd IN
envelope and marked thereon Ibid for oil
and gas lease aud placed inside Of another
envelope painly addressed 10 the -rcIc
iary 10 the ComwlsslOrfrs Of the land
Office, and marked thereon "oil and Gas
Bid
a mll and complete inventory Of all
improvements and. equipment on each Of The
following tracts Of land has been made
lud is on tilc In tho office Of the Secrr.
tarv 10 tho Comm sxongrg Of the Land
Ofh'c Tor the Inspection Of the public
No bid Will he considered thfi tend TO
change or alter the time in which drilling
is 20 commence the amount Of royalty or
suv other condition herein Eot out
Tho Commissioners ~ the Land Ut'ir"
reserve She right 10 reject any and all
bids
The number and description Of the tracts
of land to bc leased the minimum bid
Tor lease thereon that will be considered
by tho Commissioners Of the Land office
! ne appraised value Of the Improvements
! and equipment on such tracts and the
/ owhcr Of the preference right to release
such tracts at the maximum rate Of rem
tails, royalties and bonuses that may he
offered therefor. and additional terms and
conditions required for leasing said tracts
, are as follows, TO wit:
TRACT No. Section Thiriythree
l1a), Township Twtnty nine (2a) North,
Range One % West. Kay County. Mini
Owner Of preference right to release
KAY & kiowa oil Co.
TRACT NO. 2 Section Thirty six t36),
ioWnshiD twenty-nine t2s) north, Range
one til West. Kay County. Minimum
, bid 10000 90, to be paid follows, in
, the proceeds OF one eighth OF the pro-
duction OF oil or Eas from said lands in
addition to the ono'eighih royalty until
said bonus is paid The lease on this
|
Immediately put In as good condition a.
y possible the well rrw on said tract, AMI
' equip the same with air compressor, ant
I that the lessee shall within 1870 days from
ne date OF said lease commence an add
tional well on said tract, and proceed tC
I dim the same with due diligence 10
. depth Of thirty three hundred (l300) feet
upless oil Or gas is found in paying guam
D, titles at less depth; and failure to com
mcnce said well within said time and
prosecute the drilling thereof in accordanc,
with ihe terms of the lease, uuayoidsbl,
Casualties strikes. inability to procure drill
ing material and supplies, excepted, shol
operate at the discretion of the Commits
I sioners OF the Land Office to forfeit thu
said lease. Owner Of preference right t.
, ,, re lease Kay 4 Kiowa Oil Co. Appraised
value Of improvements and equipment OF
said tract, s6A70s.4o.
- TRACT NO 3--Section Thirteen (l3l
township twenty eight (2sl north, range
= one u) West Kay County Minimum
hid 100000 Owner Of preference righ
to re- lease-Kay 4 Kiowa OIL Co, Ap
praised value OF improvements and equip
: ent on said tract, $40 ,26sst
TRACT NO. 4-Section Sixteen u6)
township twenty eight f2s) north rang
one O) West. Kay County. Minimum
bid Sl,2sooo Owner Of preference rgh
to re-lessc-~KAy & Kiowa oil Co
, TRACT no. 5---Southwest one-uusrte
and the northeast one quarter OF Sectioi
thirty three t3a), township twenty eiSh
t2S) north. range one (l) west; Kay eoun
hfty Minimum bid S1.o0o0O. Owner o
preference right TO re elease--Kay Kiowi
OH Co
TRACT No. 6--section thirty six (36)
township twenty. eight t2sl north rang,
. one az west; Kay county. Minimum bid
50, 400 90 Owner OF preference right &,
re-leasc-Kay b Kiowa Oil Co. The least
upon this tract OF land shall require tha
, the lessee shall, within one year from th'
date thereof commenc6 a well on ssiC
tract Of land and prosecute the drilling O
same with reasonable and due diligence e
= depth Of thirty three hundred 1890
. fcrt, unless oil or gas is found in payinl
, quantities at loss depth, and shall provide
! that failure to commerce said well within
, said time and to prosecute the drilling o
the same according TO the provisions o
said lease, delays on account Of strikes
inability to secure drilling material aut
/ supplies and other unavoidable casuAltci
! excepted, shall operate at the discretion o.
, the Commissioners OF the Land office, 4
= forfeit said lease,
TRACT 40 Section thirteen G9)
one ~ west. Kay county, 625 65 acres
! Minimum bid. 50, 10000. Owner OF pre-
: ference right TO reiease--Kay & Kiowi
J OH Co
I TRACT NO s--seetion sixteen ti6)
township twcuty,seven (27l north, rnnE'
orc 90 west: Kay county $40 acres
z Minimum bid SO. 10000 Owner Of pre-
! ference right to re-lesse-Kss & kiuw'
) OIL %
TRACT no. East one.hali Of sectio-
y thirty three t33l township twenty iiv,
7 t25) north, range one az west. Ka,
y county a2o acres, Minimum hid, S16oO.oo