Page:United States Statutes at Large Volume 41 Part 1.djvu/463

 442 SIXTY·SIXTH CONGRESS. Sess. II. Ch. 85. 1920. name of the applicant, the date of the notice, and such a general description of the land to be covered by such permit by reference to courses and distances from such monument and such other natural ob`ects 1=¤¤w¤fr¤rmi¢· and permanent monuments as will reasonably identifg the lland, stating the amount thereof in acres, he shall during the tperiod of thlfrty days fgllowing sich marking and bil entided Itéoda Com, mm em erence rig t over others to a permit or the au so 1 enf e. ¤¤r<¤¤rv¤<1•¤¤=¥¤·· ’ The ap licant shall, within ninet da after recei a ermit, mark eaiich of the corners_ of the tri-fact elgscribed in tlicingermit upon the ground with substantial monuments, so that the bonmdaries can Pmm be readily traced on the groimd, and shallpost m a conspicuous place mmmgpemm, gponthe lands tg miticgs that suhih tpprmit ha; (hl’eiel1;dgrriahlted_mdha escrip ion o e an covere ere : _ 1-, at in the Territory of Almka prospecting permits not? more than five in number may be granted to any qualified applicant for periods not exceeding four years, actual  operations shall begin within two ears from date of permit, and oil and gas wells shall be drilled to a die th of not less than five hundred feet, unless valuable deposits of oil) or gas shall be sooner discovered, within three years from date of the permit and to an aggregate depth of not less than two thousand feet Pm to mb unless valuable deposits of oil or gps shall be sooner discovered, within mmm. four years from date of permit: romded further, That m said Territory the applicant shall have a preference right over others to a(perm1t for land 1 entiiied by temporary monuments and notice poste on or near the samefor six monthsh follloaviviing siéchhmarking and posting, an u on receiving a permit e s mar the corners of the tract descrilied in the permit upon_ the ground with substantial monuments Lew to pemmcc withm one year after recennng such yilerniit. _ ,,1 L%,,,v.,,.,_ Sec. 14. That upon establnshing to the satisfaction of the Secretary Pmm_ mittee shall be entitled to_a lease for one—fourth of iihii land embrsiized inmmum. III the prospecting permit: Provided, That the permittee shall be Selecuomfmvmd igraggedf s;,]}easei);otrha.2 much as pne hundrrgld ang] sixty acre%1pf said ism an, ere a num er o acres W1 in the errmt. e area to be selected by the permittee, shall be in comlpact form and, if mms W cd B u_ surveyed,_ to be escribed by the legal subdivisions of the public—land can; ,,,“",,§' rg, ESL,. surveys; if unsurveyed, to be surveyed b the Government at the "°>“¤¤- expense of the applicant for lease in accordance with rules and regulations to be prescribed bg the Secretary of the Interior and the lands leased shall be conforme to and taken in accordance with the legal subdivisiohlizuog) sigh sugveys; depoiitg fined; to cover expeiése of surveys s _ e eeme a ropria e or t at purpose, an an Tom www md excess deposits may be repaiil) to the person or persons making such mm,_· · deposit or their legal representatives. Such leases shall be for a term of twenty years upon a royalty of 5 per centum in amount or value of the production and the annual payment in advance of a Hmm! rental of $1 per acre, the rental paid for any one year to be credited {;,,,?‘p_g3_ { N egmnsgl the royaltaesdas they_ accrue;] for ghatrlyear, with the right of m_,§{’d;$Q}’° "' cing renew as prescribe m section 17 ereo . e ermittee sha] also ugmmmmzzty be entitled to a preference right to a lease for tli)e remainder of the etc. ’ land in  prospejcting Soma; 31; a royalty of nos less than 125 Her centum m amoun or v ue o » e ro uction an under such ot e PWM conditionsas are fixed for oil orgad) leases in this Act, the royaltv tl Bmmé coudidom be determined by competitwe b1 fiing or fixed by such other method as the Secretary may by regulations prescribe: Pmmkled, That the Pamcmorpmdm Secretary shall have the rig t to reject any or all bids, secured before apply- Sec. 15. Tllilll HBH] I¤h9 P9Ym1tt%6 shall ap   for 168.86 to thi) Ong ‘“g‘°"°°°°· um-ter of the permit area heretofore proviclhd for he shall pay to like United States 20 per centum of the gross value of all oil or gas
 * · oigie Ihgzlritoi tlfiztiysaliphée depgsits of oildor gas have been iliscove wi e o eanemrace inan ernutte er-