60
In forceRent of lease
Part IVPermits, Licenses, and Leases
Division 3Petroleum Leases
60 Rent of lease
The rent payable for a petroleum lease shall be calculated at the rate of $20 per annum for every square mile or portion of a square mile of the area of land comprised in the lease, and such annual rent shall be payable in advance at the beginning of each year of the currency of the lease.
[Section 60 inserted: No. 8 of 1940 s. 29.]
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