5-4-9. Improvements on tracts administered for public purposes--Reimbursement by purchaser or lessee.
Permits to place improvements on such lands shall be granted in such manner as permits are granted on all leased school and endowment lands or lands held in trust for the State of South Dakota and upon termination of the agreement mentioned in §5-4-6 the subsequent lessee or the purchaser shall reimburse the holder of such permits as provided in §§5-5-29 to 5-5-32, inclusive.
Source: SL 1941, ch 71, §4; SDC Supp 1960, §15.0420.