New Mexico § 19-8-10 [Saline leases; royalties; record of sales; conditions.]

New Mexico Statutes

§ 19-8-10 — [Saline leases; royalties; record of sales; conditions.]

New Mexico § 19-8-10

Ch. 19Public Lands

Art. 8Lease of Mineral Lands

This text of New Mexico § 19-8-10 ([Saline leases; royalties; record of sales; conditions.]) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 19-8-10 (2026).

Text

The commissioner may execute leases for the extraction of salt from the saline lands and lakes belonging to the state. Such leases shall provide for a royalty on all salt extracted therefrom of not less than ten percent of the actual sale price at the place of extraction. Said royalties shall be paid quarterly and accurate record shall be kept of all sales made. All leases made hereunder shall contain such conditions and shall provide for the cancellation of the lease by the commissioners for the breach thereof.

Free access — add to your briefcase to read the full text and ask questions with AI

The commissioner may execute leases for the extraction of salt from the saline lands and lakes belonging to the state. Such leases shall provide for a royalty on all salt extracted therefrom of not less than ten percent of the actual sale price at the place of extraction. Said royalties shall be paid quarterly and accurate record shall be kept of all sales made. All leases made hereunder shall contain such conditions and shall provide for the cancellation of the lease by the commissioners for the breach thereof.