Page:United States Statutes at Large Volume 46 Part 1.djvu/1051

 1008 SEVENTY-FIRST CONGRESS. SEss. II. Cg. 854. 1930 . Limit on holdings of "SEC. 27 . That no person, association, or corporation, except as person, etc., ;n anyone tate, herein provided, shall take or hold coal, phosphate, or sodium leases 6 et c, Vol.44,p . 373. or permits during the life of such leases or permits in any one State exceeding in aggregate acreage two thousand five hundred and sixty a cre s f or e ach of sai d m ine ral s ; no person, associati on, or corporation shall t ake or hold at one time oil or gas leases or permits exceeding in the aggregate seven thousand six hundred and eighty acres granted hereunder in any one State, and not more than two thousand five hundred and sixty acres within the geologic structure of the same producing oil or gas field ; and no person, association, or corporation sh all take or hold at one t ime any interest or inte rests as a member of an association or associations or as a stockholder of a corporation or corporations holding a lease or leases permit or permits, under the p rovis ions here of, w hich, tog ether with the area embr aced in a ny direct holding of a lease or leases, permit or permits, under this Act, or which, together with any other interest or interests as a member of an association or associations or as a stockholder of a corporation or corporations holding a lease or leases, permit or permits, under the provisions hereof for any kind of mineral leases hereunder, exceeds i n the aggregat e an amount equivalent to the maximum number of acres of the respective kinds of minerals allowed to any one lessee or Forfeiture for viola- permittee under this Act. Any interests held in violation of this Act tion. shall be forfeited to the United States by appropriate proceedings instituted by the Attorney General for that purpose in the United States district court for the district in whic h the pro perty, or some Excess ho ld ing ac- part thereof, is located, except that any ownership or interest quired by descent, Will, forbidden in this Act which may be acquired by descent, will, etc• judgment, or decree may be held for two years and not longer after i Combinations . its acfluisition : Provided, That nothing herein contained shall be for constructing refinery, construed to limit sections 18, 18a, 19, and 22 or to prevent any pipe lines, etc ., per- mi tte d, number of lessees under the provisions of this Act from combining their several interests so far as may be necessary for the purposes of constructing and carrying on the business of a refinery, or of Vol. 41, pp. 443-446. establishing and constructing as a common carrier a pipe line or lines of railroads to be operated and used by them jointly in the transpor- tation of oil from their several wells, or from the wells of other lessees supra . under this A ct, or the transportation of coal or to increase the acreage which may be acquired or held under section 17 of this Act bins t ovation for com- Provided further, That any combination for such purpose or purposes shall be subject to the approval of the Secretary of the Interior on application to him for permission to form the same Cooperative develop- And provided further, That for the purpose of more atho of eds when in conserving the natural esources of any single oil or gas pool properly r el public interest. permittees and lessees thereof and their representatives may unite wit h each o ther or j ointly o r separa tely wit h others in colle ctively adopting and operating under a cooperative or unit plan of develop- ment or operation of said pool or field, whenever determined and certified by the Secretary of the Interior to be necessary or advisable Regul ations under Secr„tart', in the public interest, and the Secretary of the Interior is thereunto authorized in his discretion, with the consent of the holders of leases involved, to establish, alter, change, or revoke drilling, producing, and royalty requirements of such leases, and to make such regulations with reference to such leases with like consent on the part of the lessee or lessees in connection with the institution and operation of any such co operative or unit plan as he may deem nece ssary or proper to secure the proper protection of such public interest : And provided binations Forfeiture in for eom- further, That except as herein provided, if an of the lands or restraint of trade- dep osits le ased unde r the pr ovisions of this Act shal l be sub leased, trusteed, possessed, or controlled by any device permanently, tem-

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