Section 7-30-5 - Payment of annual rental--Execution of lease. - South Dakota Statutes

7-30-5. Payment of annual rental--Execution of lease. Whenever the highest offer for any tract of land payable in cash is satisfactory, such bidder shall immediately pay to the county treasurer the amount specified as the annual rental for the tract, and take the treasurer's receipt therefor, a copy of which shall be retained by the treasurer in his office. The bidder shall exhibit such receipt to the county auditor, who shall thereupon prepare a lease of such tract in duplicate to be signed by the county auditor and the lessee, one copy to be given to the lessee and one copy to be retained by the county auditor in his office.

Source: SL 1937, ch 86, § 4; SDC 1939, § 12.2214.