The St. Mary banner., 1922-05-06

4lSHIS do IOIlS tiS IilCJ pltGSt, pIt
5 vided, however, that such attenlpt
Z shall be successive in the sense, tina
until oil, gas or other minerals shal
be found, not more than sixty day.
shall elapse between the cessation d
abandonment Of work on one vel
and the beginning of work on an
other; provided, further, that les
sees shall have the right TO STOP
drilling at any time they
please and by paying the rental from
and after such time until the expira-
tion of said rental period, and there
after have the option to drill or pay
rentals and by doing either this
lease will continue in force.
2. If in the exercise of the right
granted by this lease, the first well
proved to be paying oil or gas
well, the said lessees bind themselves
that thereafter they will proceed to
further develop the said property
with reasonable diligence and will 50
continue until such number of wells
shall have been drilled upon the said
property as to constitute reason
able development thereof.
3. If in the exercise Of the right
herein granted, oil be produced on
said premises in paying quantities,
then the said lessees shall deliver 70
the lessor as royalty, free Of ex-
pense:-
One-eigth (1-8) of the oil produced
and saved from all wells. In estima-
ting the royalty payments in oil, the
average daily production for the
calendar month shall be taken as
basis; delivery to be made in tanks
with the connections by the lessor
provided, or into any pipe line that
may be connected to the well or
wells, one-eighth of the gas or any
other minerals produced and saved
from all wells AMI mines on the above
described property.
AS further consideration of this
contract, the lessees herewith pays
the lessor cash bonus of Two
Hundred (S20O.O0) Dollars, the re-
ceipt Of which is hereby acknow-
ledged by the lessor.
1t is further understood and
agreed that this contract may be
extended for periods of twelve
months each, upon the payment in
advance of the sum of One Hundred
Dollars, such extensions periods not
20 exceed in the aggregate five (5)
years.
4. If any of the oil produced
rom said premises, be found to con- I
ain water or sediment in such .
Quantities as not to be suitable for
'lpe line run, then the lessees obli- ,
rate themselves to treat the said oil 5
rec of expense to the lessor, so :
hat the royalty to the Board of +
school Directors shall be marketable q
Ill. q
5. 1t is expressly understood and .
greed, that if oil, gas or other min =
rails be produced from said proper =
Y the lease shall thereby be continu- !
d in full force and effect as long as +
ne. oil, gas or other minerals may
e produced from said property, SUBJ 8
ect to only the express stipulations II
ontained in this contract. y
And if for any cause beyond the t
ontrol of the lessees any well or c
ellis on the said property should
ease to produce, such cessation shall s
OF affect the lease; provided the u
'ssees proceed with reasonable dill t.
ence to work on the said wells so K
8 to cause them to produce furth- p
:, or to resume the payment of t,
entails from and after such date. c,
But if the lessee fail to comply 8,
ith such stipulations after having
rilled wells on said property, which b
roduce oil, gas or other minerals. a
len and in that event, surrender of ST
lis lease as to the undeveloped p
,rtion may be demanded and be- F
mes effective after having formal m
put lessees in default by sixty B
'O) days notice to comply with te
ch stipulation.
6. If there should be drilled on to