Nebraska Statutes
§ 72-309 — Mineral rights; lease; bids; award; how made
Nebraska·Ch. 72 Public Lands, Buildings, and Funds
Where two or more applications are received for the same land, the rights thereon may be awarded to the legally qualified applicant making the highest and best bid, to be determined by taking into consideration both the bonus and royalty, the award being made after proper legal notice in such manner as the Board of Educational Lands and Funds shall determine best calculated to protect public interests.
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Legislative History
Source: Laws 1918, Thirty-sixth Spec. Sess., c. 7, § 9, p. 46; C.S.1922, § 5227; C.S.1929, § 72-309; R.S.1943, § 72-309.
Annotations: It is the duty of the board in considering bids for leases to investigate as to the relative advantages that would accrue to the state under the respective offers. Briggs v. Neville, 103 Neb. 1, 170 N.W. 188 (1918).
Nearby Sections
15
§ 72-1002
Repealed. Laws 1959, c. 265, § 1§ 72-1003
Repealed. Laws 1959, c. 265, § 1§ 72-1004
Repealed. Laws 1959, c. 265, § 1§ 72-1005
Repealed. Laws 2021, LB509, § 25§ 72-1006
Repealed. Laws 1963, c. 422, § 6§ 72-1007
Repealed. Laws 1969, c. 594, § 4§ 72-1008
Repealed. Laws 1972, LB 1044, § 1§ 72-1009
Repealed. Laws 1972, LB 1044, § 1§ 72-101
Sale or lease; how validated§ 72-1010
Repealed. Laws 1972, LB 1044, § 1§ 72-1011
Repealed. Laws 1972, LB 1044, § 1