55-211a. Lease of lands by municipal corporations, board of park commissioners, improvement districts or other public agency or quasi-municipal corporation; disposition of moneys. - Kansas Statutes

55-211a

Chapter 55.--OIL AND GAS Article 2.--LEASES AND LIENS

      55-211a.   Lease of lands by municipal corporations, board of parkcommissioners, improvement districts or other public agency orquasi-municipal corporation; disposition of moneys.The governing body of any municipal corporation, board of parkcommissioners of any municipal corporation, trustees or directors of anycemetery association or improvement district, directors of any cemeterydistrict, township board of any township, or any other public agency orquasi-municipal corporation, owning or having the management and control ofany tract of land within the state of Kansas, is hereby authorized andempowered to lease such lands, or any part thereof, for drilling for oil orgas upon such terms as may be agreed upon except that any suchlease shall contain provisions for spacing of producing wells in accordancewith rules and regulations of the state corporation commission as providedby law and no oil or gas well shall be drilled or located within 100 feetof that portion of any such lands actually used for burial purposes.

      Any moneys arising from such lease or the production of oil or gas maybe credited to a special reserve or trust fund and invested in the mannerprescribed by K.S.A. 12-1675 et seq. and amendments thereto. All interestreceived from the investment of moneys in special reserve or trust fundsand any moneys received from such lease or the production of oil or gaswhich is not credited to a special reserve or trust fund shall becomea part of the general fund of any such municipality, board of parkcommissioners, association, improvement district, cemetery district,township, public agency, or quasi-municipal corporation.

      History:   L. 1949, ch. 307, § 1; L. 1957, ch. 314, § 1; L. 1968,ch. 277, § 1; L. 1984, ch. 202, § 1; July 1.