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O-1956-507
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O-1956-507
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Last modified
11/2/2016 3:38:21 PM
Creation date
10/23/2006 6:41:36 PM
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Legislative Records
Legislative Type
Ordinance
Date
8/17/1956
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<br />~\ <br /> <br />.iIiiiiiiiII..:. <br /> <br />~/ <br /> <br />---"\ <br /> <br /> <br />. <br /> <br />~, <br />;.~ <br /> <br />~, <br /> <br />'''\ <br /> <br />.' <br /> <br />.. ., . ., <br /> <br />e <br /> <br />e <br /> <br />. <br />. <br /> <br />~.. ~ <br />". '., <br /> <br />'- <br /> <br />qity Clerk; to be under the seal of the City of La Porte, Texas; <br />to be dated as of the date hereof; to be on the form marked <br /> <br />Exhibit "A", attached to City Ordinance No. <br /> <br />503 <br /> <br />. dated the <br /> <br />6th day of JULY . 1956; and to provide for a <br />primary term of ~ years; such lease to contain a provision <br />authorizing the lessee to pool or unitize the rights covered by <br />such lease in oil or gas on, in, or under the above-described <br />land with any other lands, leases, mineral estates, or parts <br />thereof, to form a drilling or spacing unit or units for the <br />exploration, development, and production of oil or gas, provided <br />the drilling or spacing units shall not exceed the minimum number <br />of acres upon which an oil or gas well may be located in order to <br />comply with the rules. regulations or orders of the Railroad <br />Commission of Texas or any other regulatory body. state or <br />federal. having authority to control or regulate the spacing of <br />such oil or gas wells; and to provide for a royalty of one-eighth; <br />p:z'ovided. however. that on production from a pooled unit only <br />such proportion of the royalty provided for in such lease shall <br />be due as the amount of lessor's acreage in the unit or its <br />royalty interest therein on an acreage basis bears to the total <br />acreage contained in the unit. <br />SECTION III <br />That after execution of such lease as set out above, <br />said Mayor of the City of La Porte is authorized and directed to <br />ca'use said lease to be presented to the Civil Aeronautics Ad- <br />ministration for its approval, which approval shall be evidenced <br />by execution of said lease by a duly authorized official of said <br />Civil Aerounautics Administration. After such approval has been <br /> <br />-3- <br />
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