Except where otherwise provided for in the charter, constitution, or bylaws of any church, lodge, or other eleemosynary institution, the trustee, deacons, or other governing body shall have the right and authority to make, execute, and deliver oil, gas, and mining leases, and mineral deeds upon lands owned by the institutions upon such terms and conditions as the governing body shall deem to be in the best interest of the institutions, and the majority vote of the body shall control in all such actions taken by the body.
Ark. Code Ann. § 15-73-202
Leases of oil, gas, and mining interests by churches, lodges, and eleemosynary institutions
Acts 1923, No. 628, § 1; Pope's Dig., §§ 10503, 11370; A.S.A. 1947, § 53-301.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.