No contract, patent or lease shall be issued until the value of improvements shall be paid unless a good and sufficient corporate or cash bond is filed with the commissioner to insure [ensure] payment upon final determination of value.
History: 1953 Comp., § 7-8-19.5, enacted by Laws 1963, ch. 237, § 5.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
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