2006 Louisiana Laws - RS 30:148.5 — Opening of bids; execution of leases

§148.5.  Opening of bids; execution of leases

On the date and hour mentioned in the advertisement, the bids shall be publicly opened by the lessor at the office of the lessor at the lessor's domicile.  The lessor shall accept only the highest bid submitted and may execute any lease granted under such terms and conditions as it may deem proper in accordance with the provisions of this Subpart.  The lessor, however, shall have the right to reject all bids.  All leases signed by the lessor or by the lessor's duly authorized representative, shall be executed in quadruplicate and shall be disposed of as follows:  one copy shall be furnished to the lessee; one copy shall be furnished to the Department of Wildlife and Fisheries; one copy shall be recorded in the conveyance records of the parish or parishes wherein the land or water bodies lie; and one copy shall be retained in the records of the lessor.

Acts 1995, No. 88, §1, eff. June 12, 1995.