Kan. Admin. Regs. § 92-9-1 - Bidders; notice; form of bids
(a) Legal notice to
bidders for oil and gas lease land in navigable streambeds shall be published
by the director of taxation in a paper of general circulation in the county in
which the lands subject to oil and gas leases are situated once each week for a
period of four consecutive weeks.
(b) The highest and best bid from a
responsible bidder shall be accepted by the director of taxation, reserving the
right to reject any bid and republish. Separate sealed bids accompanied by a
certified check or bank draft in the amount of the bid payable to the director
of taxation for each tract shall be submitted on forms supplied by the
department of revenue and filed with the director of taxation, in accordance
with the publication notice concerning the bids.
(c) Each bidder shall have the right to bid
on all or any portion of the lands set forth in the publication notice, and the
successful bidder shall reimburse the director of taxation for the publication
costs. However, this regulation shall apply only to the removal of oil and gas
from navigable streambeds.
Notes
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