Certain excess lands under federal contracts, assessment limitation—Exception.
Lands in such a district, which are designated as excess lands under the act of congress of May 27, 1937, and which have been subscribed by the owner thereof to the excess land contract, shall not be assessed more than above specified until after the date fixed in the contract for the sale of such excess lands, unless they have been sooner sold or the owner has sooner called for water thereon: PROVIDED, That this section shall not be applicable to districts comprising less than two hundred thousand acres.
[ 1961 c 192 s 10; 1939 c 13 s 10; RRS s 7505-5j.]