Failure to progress with due diligence, or failure to make reports regularly as provided, or special reports when requested, or the filing of a statement which is untrue as to material facts, will subject the lease to forfeiture, and the termination of the rights of the lessee upon an order of the Board of Educational Lands and Funds.

Source

  • Laws 1918, Thirty-sixth Spec. Sess., c. 7, § 5, p. 45;
  • C.S.1922, § 5223;
  • C.S.1929, § 72-305;
  • R.S.1943, § 72-305;
  • Laws 1999, LB 779, § 47.

Terms Used In Nebraska Statutes 72-305

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC