72-254. School and federal lands; exchange; lease; renewal; removal of improvements.

Any lands so received and patented from the United States shall be held as a part of the educational lands of this state, and shall be subject to all existing laws pertaining to such lands; Provided, that such lands, so received in exchange, shall only be subject to lease for terms not exceeding twelve years, with the privilege of renewing for a like term in the option of the board. Such leases may also include the right to the lessee of removing all improvements he may have erected on the land.

Source:Laws 1917, c. 212, § 2, p. 519; C.S.1922, § 5212; Laws 1925, c. 134, § 1, p. 353; C.S.1929, § 72-232; R.S.1943, § 72-254; Laws 1963, c. 418, § 2, p. 1343.