Okla. Stat. tit. 2, § 2-16-52

Commissioners of Land Office - Terms and conditions.

A. The State Board of Agriculture shall enter into no agreement

for the acquisition, lease, or purchase of any land or for any other

purpose whatsoever which shall pledge the credit of, or obligate in

any manner whatsoever, the state to pay any sum of money or other

thing of value for any purpose, and the Board shall not in any

manner or for any purpose pledge the credit of or obligate the state

to pay any sum of money. The Board may receive, hold the custody

of, and exercise control of any lands, and set aside into a

separate, distinct, and inviolable fund the proceeds which may be

derived from the sales of the products of any lands, to use in any

manner, or the sale of the lands save the twenty-five percent (25%)

of the proceeds of the sale to be paid into the state school fund.

The Board may use and apply the funds for the acquisition, use,

custody, management, development, or improvement of any lands vested

in or subject to the control of the Board. After full payment has

been made for the purchase of a state forest, to the federal

government or other grantor, then fifteen percent (15%) of the gross

receipts from a state forest shall be paid to the county or counties

in which it is located in proportion to the acreage located in each

county for use by the county or counties for school purposes; except

that payment of gross receipts shall only apply to the state forest

lands and not other lands listed in Section 16-51 of this title.

B. The Commissioners of the Land Office are authorized and

directed to make and enter into a lease for a period of ten (10)

years, with privilege of renewing at the end of each ten-year

period, with the State Department of Agriculture, Forestry Division,

the following described land and premises:

Lots One (1) and Two (2) and the East Half (E 1/2) of the

Northwest Quarter (NW 1/4) and the West Half (W 1/2) of the

Northeast Quarter (NE 1/4) of Section Seven (7), Township Six (6)

South, Range Twenty-five (25) East of the Indian Meridian,

containing two hundred forty (240) acres, more or less, situated in

McCurtain County, State of Oklahoma.

The lease shall contain the following provisions in addition to

any which may be agreed upon by the Commissioners of the Land Office

and the State Department of Agriculture, Forestry Division:

1. The lessee shall maintain on the property the administrative

headquarters for the Southeast Area of the Forestry Division;

2. The lessee shall maintain, repair, and preserve all

improvements located on the described lands;

3. The lessee shall maintain and carry out a forestry plan for

the entire two hundred forty-acre tract and do the necessary

planting and other forestry work to restore the timber growth to its

maximum productive value;

Oklahoma Statutes - Title 2. Agriculture Page 604

4. The lessee shall take all necessary and proper measures to

protect the area from fire and theft;

5. The lessee shall formulate and carry out a plan for

harvesting of the timber so that maximum financial return may be

realized for the state, and that the maximum value shall be realized

for demonstration purposes;

6. Unless changed by law, the annual rental payable annually of

five percent (5%) per year of the appraised value of the lands

without improvement shall be paid out of funds appropriated to the

lessee into the common school fund of this state.