Rentals at the rate of $1 per acre per year shall be due and payable in advance on or before the annual anniversary of the effective date of the lease. Rentals paid each year will be deducted from royalties due accruing during the rental year.

Statutory/Other Authority

ORS 273

Statutes/Other Implemented

ORS 273.780 - 273.790

History

LB 44, f. & ef. 8-16-77