Court Opinions

State Laws

US Code

US Constitution

Texas Vernon's Texas Civil Statutes - Article 5341d. Extension Of Leases On University Land; War Agency Restrictions

Legal Research Home > Texas Laws > Vernon's Texas Civil Statutes > Texas Vernon's Texas Civil Statutes - Article 5341d. Extension Of Leases On University Land; War Agency Restrictions

Art. 5341d. EXTENSION OF LEASES ON UNIVERSITY LAND;  WAR 
AGENCY RESTRICTIONS.  Sec. 1. In the case of any non-producing oil, 
gas or mineral lease on University land, if one hundred twenty (120) 
days before expiration of the primary term there be in effect any 
restrictions issued by a Federal war agency prohibiting the 
drilling or completion of a well thereon, the holder of such lease 
shall have the right to negotiate an extension or renewal of such 
lease for a period of not longer than two (2) years with the Board of 
Regents of the University of Texas and the Commissioner of the 
General Land Office.
	The Board of Regents of the University of Texas and the 
Commissioner of the General Land Office, in considering an 
application for an extension or renewal of any such lease above 
described, shall take into consideration in establishing the 
consideration for such lease the diligence with which the lessee 
has followed his duties under the existing lease, the present value 
of the land upon which an extension or renewal of the lease is 
sought, and all other good business practices.  The lessee in 
presenting his application for extension or renewal of such lease 
or leases shall present evidence to the Board of Regents of the 
University of Texas and to the Commissioner of the General Land 
Office showing it was impossible for him or any of his co-owners to 
comply with the restrictions which he claims prohibited the 
drilling or completion of the well on said tract.
	If the lessee should claim as grounds for an extension or 
renewal of any such lease that there is insufficient acreage within 
the tract under lease by him to comply with the Federal restriction 
then no extension or renewal shall be granted unless said lessee 
also show that there is no adjacent and adjoining acreage to said 
tract wherein said applicant is a party in interest that could have 
been combined with the tract upon which the application for 
extension or renewal is made in order to comply with the Federal 
restriction.
	Sec. 2. The Commissioner of the General Land Office is hereby 
authorized to issue to the lease owner such instrument in writing in 
the nature of an extension or renewal of such lease as may be 
necessary or proper to carry into effect the foregoing provision of 
this Act.
	Sec. 3. The provisions of this Act are and shall be held and 
construed to be cumulative of all General Laws of this state on the 
subject treated of and embraced in this Act when not in conflict 
herewith, but in case of conflict, in whole or in part, this Act 
shall control.
	Sec. 4. If any section, subdivision, paragraph, sentence, or 
clause of this Act be held to be unconstitutional, the remaining 
portions of same shall nevertheless be held valid and binding.

Acts 1943, 48th Leg., p. 359, ch. 238.                                        

Last modified: August 11, 2007