The governing
body of any county, city, town, village, school district or other municipal
corporation or political subdivision of the state of Idaho authorized to
acquire and hold real property may, upon determining that such action will be
in the best interest of such county, city, town, village, school district or
other municipal corporation or political subdivision of the state of Idaho,
lease, or enter into a community lease with respect to, any mineral interest
owned by such county, city, town, village, school district or other municipal
corporation or political subdivision of the state of Idaho, for the
exploration for and development and production of oil, gas or other
hydrocarbons, and otherwise contract for such exploration, development and
production, upon such terms as such governing body may determine and as are
not inconsistent with the provisions of this act. |
