Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-06-23
LEGAL

improvements and equipment In the event
the ownCr Of the preference right to re-
lease such tract or tracts docs not cNcr-
else his or its preference right 10 re lease
the same at the highest hid offered there
for and that tho improvements and equip
mcut on any such tract or tracts OF land
hid for ns herein described shall become
the property 0t the successful bidder In
the event that the owner Of tho prefer
cnce right to re lease the same shAll not
exercise his or its preference right 10 re-.
lraSe such tract or tracts. Provided that
tho owner ct tho preference right Of any
such tract or tracts Of land herein NAMED
shall have three days after the bids on
any such tract or tracts are opened by the
Commissioners OF tho Land Ofhcc. within
which to determine and notify thf' Com
missionrrs Of the Land office whether 1t
or ho desire 10 exercise its or his pre-
ference right 10 release such tract or
tracts St the maximum rate Of rentals,
royalties ara bonuses offered therefor.
Each bid, IA addition 90 the deposit to
pay for the improvements and equipment,
shall be accompanied ny certified check
o. hsnk dram m the sum ~ one Thousand
Dollars ~ 000ool, PAYABLE 10 the Com
miSSioucrS Of the Land office as a de.
post ot earnest money 10 insure the exc
rHtion ot the lease by the bidder and the
furnishing ~ the bond A. required bv law
Provided hat one deposit IN the Aid
amount Of one Thousand Dollars 81 0OOl
shall enliile tho bidder TO bid on one or
all Of said tracts Said sum Of ore Thou
sand Dollars $1,000 0O) deposited by any
bidder as Earnest moqcy. N compliance with
this requirement, shali be returned TO said
bidder II the bid Of such bidder Ia not
accepted by the Commissioners Of the Land
office
bids upon oil and gas lcAses upon each
Of such tracts will he RECEIVED separately.
and that each Of said tracts viii be lcsFcd
separately for royalty Of one, eighth Of
the Of and gas produced thereon rLd
to tho highest responsible bidder. subject
20 tn' rght OF the Commissioners ot the
Lani Cfiicr TO reject any and al hi35.
IT, lsrds herein will he leased fbr ne
ptr.od Of five t5l years and - long
thereafter a. oil or gas may be produced
thtrri oi" ih paying quantities, sud Lease
We, hrthcr provide that " 40 Tcd a
completed upon any tract so leased within
one year from the date Of the lease, the
lessee shall pay 20 the State OF Oklahoma
an annual rental in advance, the sum of
One Dollar tsl oO) per acre which pay
ment shall operate TO deter the compile
ton Of the well during the year for which
such rental is paid. from year TO year dur
ing the term Of the lease and that said
leases will contain such other and further
terms and conditions as are hereinafter
stated and set forth under the respective
tracts OF land ordered TO be Advertised, and
as is by the laws Of the State OF Oklahoma
authorized and provided
II the owner or owners OF the preference
right TO re lease any Of the hereinafter
drsctibcd tract or tracts OF land shall fail
within three t3) days after the bids are
opened and the CommisSioUgrsa have dc.
cided what or which is the highest or best
bid, 70 elect TO take such lease at the hid
found by the Commissioners to he the
highest and best bid, then and thereupon
the sun Of money deposited by the sue
ressful bidder with which to pay for the
imptoySments and equipment on such tract
or tracts OF land, shall be by the Com
missioncrs Of the Land Office paid and de.
livered to the said owner Of the preference
right TO release said tract or tracts Of
land, aud upon tho payment OF said sum
OF money SO deposited. to such owner
Of the preference right TO release any
tract or tracts OF land the successful
bidder shall, upon the execution OF tho
lease covering such tract or tracts Of land
and the bond provided for nv statute, and
tho compliance with the terms OF his or
its bid, become the owner Of the improve
ments and equipment on said tract or
tracts OF land Provided that, II the Com
missionsrs of the Land office shall re-
iect all bids offered on any tract or tract.
of land thercupon all moneys deposited
by the bidders as earnest money in con
nection with their bids on such tract
and all moneys deposited by bidders OF
such tract or tracts for the purpose o.
paying the value Of the improvements ant
equipment on such tIpct or tracts. shall h'
bers so depositing tho same, -
In the event the owner OF the preference
right TO release any tract or tracts here
matter described, now being developed oi
operated fails TO elect 20 exercise his pre-
ference right 10 RELEASE the same. the sue
cessful bidder shall pay to the owner oi
the preference right to re lease such tract
or tracts. in addition TO the heretofore np
praised value Of improvements and equip.
ment on such tract or tracts, the cost vf all
iu1r nnts ,,la hv hf
owner Of the preference right upon any
such tract or tracts between the date OF
the spprsisement OF the improvements and
equipment on such tract or tracts by he
boSrd Of appraisers appointed. by the Com
miSsioners OF the Land Office and the
date of the awarding Of the lease thereon
to such successful bidder Such cost shall
be paid in, cash by the successful bid
der 10 the owner OF the preference right 10
release any surh tract or tracts within
ton days after the lease is awarded 10 any
such Successful bidder, and u any such
succ,tsfu bidder and the owner OF the
preference right 10 release any such tract
Of tracts shall be unable IN agree upon
the amount Of any such costs shal oe
determined by the Commissioners Of the
Land Office, and their determination OF the
amount shall be binding upon both parties.
Except "a hereinafter specified under any
tract, all bonuses bid hy the bidder for q
lease on any tract "r tracts shall be pay
"xe,uted and delivered 10 the successful
bidder
Zach hid must be on file with or dciv
cred 70 the Secretary 10 the Commits. onerS
Of the Land office upon the date and sour
Sc set for the opening o. said bids II bid ID
envelope and marked thereon "bid for oil
and gas lease and placed inside Of another
envelope plainly addressed TO the Seere.
tary TO the Commissioners Of the Land
office and marked thereon "Oi snd Gas
Bid -
full and complete inventory OF all
improvements and equipment on each Of the
following tracts Of land has been made
and is on file In the office of the Seero.
iary 10 the Commissioners Of tho Land
office. Tor the inspection Of the public.
No bid viii be considered that tend N
change or alter the time In which drilling
is TO commence, the amount Of royalty or
any other condition herein set out
The Commissioners OF tho Land office
reserve the right 10 reject any and all
bids
The number and description OF the tracts
of land 10 be leased the minimum bid
for lease thereon that will be considered
by the Commissioners Of the Land Office
the appraised value OF the Improvement
and oquipmcnt on such tracts, and tho
owner OF the preference right to re- lease
such tracts at the maximum rate Of rem
tails. royalties and bonuses tha, may bo
Offered ~.AaScfor, sfd additional terms and
conditions required for leasing said tracts
are as follows. 10 wit
TRACT no l-Section Thirty three
f93l, Township Twenty nine t29l North.
Range One % West. Kay County. Mini.
mum hid sl2so. 90
owner Of preference right to release
Kay \ Kiowa oil Co
TRACT no. 2--section Thirty siI (36),
township twenty-ninc t29D north Range
0wa In iuup m