B. The Commissioners of the Land Office are authorized and directed to make and enter into a lease for a period of ten (10) years, with privilege of renewing at the end of each ten-year period, with the State Department of Agriculture, Forestry Division, the following described land and premises: Lots One (1) and Two (2) and the East Half (E 1/2) of the Northwest Quarter (NW 1/4) and the West Half (W 1/2) of the Northeast Quarter (NE 1/4) of Section Seven (7), Township Six (6) South, Range Twenty-five (25) East of the Indian Meridian, containing two hundred forty (240) acres, more or less, situated in McCurtain County, State of Oklahoma.
The lease shall contain the following provisions in addition to any which may be agreed upon by the Commissioners of the Land Office and the State Department of Agriculture, Forestry Division:
1. The lessee shall maintain on the property the administrative headquarters for the Southeast Area of the Forestry Division;2. The lessee shall maintain, repair, and preserve all improvements located on the described lands;3. The lessee shall maintain and carry out a forestry plan for the entire two hundred forty-acre tract and do the necessary planting and other forestry work to restore the timber growth to its maximum productive value;4. The lessee shall take all necessary and proper measures to protect the area from fire and theft;5. The lessee shall formulate and carry out a plan for harvesting of the timber so that maximum financial return may be realized for the state, and that the maximum value shall be realized for demonstration purposes;6. Unless changed by law, the annual rental payable annually of five percent (5%) per year of the appraised value of the lands without improvement shall be paid out of funds appropriated to the lessee into the common school fund of this state.