Sec. 1505.07. Subject to the limitation set forth in
section | 8 |
1505.08 of the Revised Code, the director of natural
resources, | 9 |
with the approval of the director of environmental
protection, the | 10 |
attorney general, and the governor, may issue
permits and make | 11 |
leases to parties making application for
permission to take and | 12 |
remove sand, gravel, stone, natural gas, oil, provided that the | 13 |
surface location of an oil well is not located in the waters of | 14 |
Lake Erie, and other
minerals or substances from and under the bed | 15 |
of Lake Erie,
either upon a royalty or rental basis, as hethe | 16 |
director of natural
resources determines to be
best for the state. | 17 |
Permits shall be issued for terms of not
less than one year nor | 18 |
more than ten years, and leases shall be
for a term of years or | 19 |
until the economic extraction of the
mineral, natural gas, oil, or | 20 |
other substance covered thereby has been completed.
Such taking | 21 |
and removal shall be within certain fixed boundaries
that do not | 22 |
conflict with the rights of littoral owners. Upon
request from the | 23 |
holder of a permit, it shall be canceled, but in
the case of any | 24 |
permit or lease, any equipment or buildings owned
by the permittee | 25 |
or lessee shall be held as security by the
director of natural | 26 |
resources for payment of all rentals or
royalties due the state at | 27 |
the time of cancellation. | 28 |