CB- 125 - 16
TO APPROVE AN ARKANSAS RIVERBED OIL& GAS LEASE WITH STEPHENS PRODUCTION COMPANY CONTINENTAL PROPERTIES, LLC, ON LAND BELONGING TO THE CHOCTAW/CHICKSAW/ CHEROKEE NATIONS IN SEQUOYAH COUNTY, OKLAHOMA
IN THE TRIBAL COUNCIL OF THE CHOCTAW NATION
ANTHONY DILLARD INTRODUCED THE FOLLOWING BILL
A COUNCIL BILL
TO APPROVE an Arkansas Riverbed Oil & Gas Lease with Stephens Production Company( Stephens), in Sequoyah County, Oklahoma.
WHEREAS, in accordance with Article V11, Section I of the Constitution of the Choctaw Nation of Oklahoma, the Chief shall perform all duties pertaining to the Office of the Chief Executive. He shall sign official papers on behalf of the Nation, and
WHEREAS, Stephens has proposed an oil and gas lease on Arkansas Riverbed property belonging to the Choctaw/ Chickasaw/ Cherokee Nations ( USA in Trust), located in Section 35, Township 10 North, Range 25 East, Sequoyah County, Oklahoma, containing 360. 10 acres, more or less; and
WHEREAS, Stephens submitted a cash bonus bid of$5. 00 per acre for a total of$ 1, 800. 50. The proposed lease will be for a primary term of three ( 3) years with a $ 3. 00 per acre annual rental for a total of 1, 080.30 and a royalty rate of 25%. THEREFORE BE IT ENACTED by the Tribal Council of the Choctaw Nation of Oklahoma that this Bill be cited as approval of the proposed oil and gas lease in favor of Stephens Production Company on Arkansas Riverbed land belonging to the Choctaw/Chickasaw/Cherokee Nations( USA in Trust) located in Sequoyah County, Oklahoma.
CERTIFICATION
I,Tribalthe undersigned, as Speaker ofthe Tribal Council ofthe Choctaw Nation ofOklahoma, do hereby certify that the Council is composed of Avelve ( 12) seats. Eight ( 8) members must be present to constitute a quorum. I further certify that eleven ( 11 ) members answered roll call and that a quorum was present at the Regular Session the Tribal Council at of Tuskahoma, Oklahoma, on _ July 9, 2016 . Ifurther certify that the foregoing Council Bill CB- 125 - 16 was adopted at such meeting by the affirinative vote of eleven ( 11 ) members, zero 0) negative votes, and zero ( 0 ) abstaining.
Thomas Williston, Speaker Choctaw Nation Tribal Council A ony Dillard, . cretaty Choctaw Natio ribal Council
Date: Gary Bat it, Chief Choctaw Nation of Oklahoma i
DUPLICATE ORIGINAL
1Wa0 17./ fe TOWNSHIP 10 NORTH, RANGE 25 EAST, OF THE INDIAN MERIDIAN, OKLAHOMA DEPENDENT RESURVEY AND SURVEY
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