7-30-4. Lease to highest bidder--Minimum rental.
Each tract of land shall be leased to the highest bidder.
Before the auction date the board of county commissioners shall fix by resolution a minimum rental rate for each tract of land. No bid may be accepted which is less than the minimum rental rate.
Source: SL 1937, ch 86, §4; SDC 1939, §12.2214; SL 2011, ch 41, §1.