North Dakota Code 15-04-14 – Failure to lease lands after advertisement – Board may make rental contracts
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If any of the lands in any county remain unleased after the date advertised for the leasing, the board of university and school lands may make contracts of lease for the lands with the first applicant therefor at not less than the minimum price fixed by the board as provided in this chapter.
Terms Used In North Dakota Code 15-04-14
- 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