60A
In forceLessee to furnish bond
Part IVPermits, Licenses, and Leases
Division 3Petroleum Leases
60A Lessee to furnish bond
The lessee of a petroleum lease shall, within one month after publication of the notice of approval in the Government Gazette, deposit with the Under Secretary for Mines, in the prescribed form, a bond of the amount of $2 000, executed by sureties of the prescribed number who are approved by the Minister, as security for the due compliance by the lessee with the conditions of the lease.
[Section 60A inserted: No. 8 of 1940 s. 30.]
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