25-U.S.C.-396C
§396C – Lessees of Restricted Lands to Furnish Bonds For Performance
Pathway
Title 25 > Chapter 12 > Section 396c
Details
- Reference: Section 396c
- Legend: §396C – Lessees of Restricted Lands to Furnish Bonds For Performance
- USCode Year: 2013
Provision Content
On and after May 11, 1938, lessees of restricted Indian lands, tribal or allotted, for mining purposes, including oil and gas, shall furnish corporate surety bonds, in amounts satisfactory to the Secretary of the Interior, guaranteeing compliance with the terms of their leases: Provided, That personal surety bonds may be accepted where the sureties deposit as collateral with the said Secretary of the Interior any public-debt obligations of the United States guaranteed as to principal and interest by the United States equal to the full amount of such bonds, or other collateral satisfactory to the Secretary of the Interior, or show ownership to unencumbered real estate of a value equal to twice the amount of the bonds.
(May 11, 1938, ch. 198, §3, 52 Stat. 348.)
Repeal of Inconsistent Acts
For repeal of inconsistent acts, see section 7 of act May 11, 1938, set out as a note under section 396a of this title.
U.S. Encyclopedia of Law Coverage
25-U.S.C.-389D in the Legal Encyclopedia: Indians
In this entry about 25-U.S.C.-389D, find legal reference material, bibliographies and premiere content related to indians in the American Encyclopedia of Law, presenting a comprehensive view of the United States indians-specific issues, written by authorities in the field.
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