Oil and gas mining lease or leases of lands belonging to the county separate schools of any county shall be entered into by the board of county commissioners as to such lands not located within any independent school district, and shall be entered into by the board of education of any independent school district in which any such lands are located. Such leases shall be for the term and conditioned as are leases executed by governing boards under the provisions of Section 1, Chapter 8, Title 64, Session Laws 1943; and said leases must be offered for sale and sold in the manner prescribed by Section 2, Chapter 8, Title 64, Session Laws 1943.
Added by Laws 1949, p. 439, § 2, emerg. eff. June 6, 1949. Renumbered from § 408 of this title by Laws 2010, c. 41, § 136, emerg. eff. April 2, 2010.