30 U.S.C. § 273 : US Code - Section 273: Lease of lands not covered by permits or leases; acreage; rental

Search 30 U.S.C. § 273 : US Code - Section 273: Lease of lands not covered by permits or leases; acreage; rental

Lands known to contain valuable deposits of sulphur and not
covered by permits or leases shall be held subject to lease by the
Secretary of the Interior through advertisement, competitive
bidding, or such other methods as he may by general regulations
adopt and in such areas as he shall fix, not exceeding six hundred
and forty acres; all leases to be conditioned upon the payment by
the lessee of such royalty as may be fixed in the lease and the
payment in advance of a rental of 50 cents per acre per annum, the
rental paid for any one year to be credited against the royalties
accruing for that year.