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Res 2268 12/19/1978RESOLUTION NO. ,,C/7W RESOLUTION AUTHORIZING NOTICE OF INTENTION TO LEASE FOR OIL AND GAS CERTAIN LANDS LOCATED AT LAKE KICKAPOO AND LAKE WICHITA. WHEREAS, the City of Wichita Falls has received three requests that certain lands owned by the City at Lake Kickapoo and Lake Wichita be leased for oil and gas exploration and production. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS, THAT: SECTION 1. It is advisable, under proper circumstances, to lease for the development of oil and gas all, or part, of the following tracts located at Lake Kickapoo and Lake Wichita, to-wit: A. 2,351 acres more or less, in Wichita and Archer Counties, Texas, adjacent to and under Lake Wichita, more particularly described in a deed dated November 20, 1920, from Wichita Falls Electric Company to City of Wichita Falls, said deed being recorded in Volume 171, Page 169 of the deed records of Wichita County, Texas. B. All land owned by City in R. Carson Survey 174, Abstract 108 , Archer County, Texas. C. All land owned by City in R. Carson Survey 173, Abstract 107, Archer County, Texas. D. All land owned by City in R. Carson Survey 154, Abstract 80 , Archer County, Texas. E. All land owned by City in R. Carson Survey 153, Abstract 81 , Archer County, Texas. F. All land owned by City in S. A. & M.G. Survey, Abstract 447 , Archer County, Texas. G. All land owned by City in McKinney & Williams Survey, Abstract 314, Archer County, Texas. SECTION 2. Any such oil and gas lease shall provide for at least a 1/8 royalty, and shall have a primary term of no more than ten years. SECTION 3. Any such oil and gas lease may include a pooling provision which meets with the requirements of Subchapter B of Chapter 71 of the Natural Resources Code of the State of Texas. SECTION 4. Under any such oil and gas lease, no actual drilling may occur on the property covered by such lease unless the location of such well is approved in advance by the City and meets the specifications designated for protecting the water in the lake; provided, however, such provision would not prohibit the drilling of a well on other lands of which a portion of the leased property was pooled nor the drilling of a directional well under such property. SECTION 5. City shall give notice of intention to lease such lands by publication once a week for three consecutive weeks in a newspaper published in the county, which notice shall describe the land and designate the time and place at which the Board of Aldermen will receive and consider bids for such leases. SECTION 6. City will not warrant the title to minerals in such lands. SECTION 7. The Board of Aldermen reserves the right to reject any and all bids, and to give notice and call for additional bids, if same is determined to be in the best interest of the City. PASSED AND APPROVED this the 19th day of December, 1978 r M A Y O R ATTEST: City Clerk Page 2