All purchasers of oil and gas shall pay to the royalty interest the same premium or bonus above the posted market price for oil or gas they pay to the leaseholder or working interest under any oil, gas, or mineral lease on lands from which oil or gas may be purchased under contract with the lease owner or operator.Acts 1929, No. 222, § 1; Pope's Dig., § 10498; A.S.A. 1947, § 53-509.
Arkansas Legal Code