Acceptance of royalty payments.
Article 69
ART. 69. Acceptance of royalty payments.—Within sixty days following the end of each month during which the royalty has been paid in kind, or following the end of each quarter in which royalty has been paid in cash, the Secretary of Agriculture and Natural Resources shall notify the concessionaire in writing that such payment is accepts full discharge of the corresponding obligations as by this Act; or that such is not the case for certain stated reasons, in which latter case the procedure fixed in Regulations shall be followed for the purpose of ma any necessary corrections. Failure of the Secret Agriculture and Natural Resources to thus notify the concessionaire of objection to the royalty payments made within the foregoing time limits, shall be construed acceptance by the Secretary of Agriculture and Resources of such payments. Acceptance of royalty payments as provided for in this article shall be deemed irrevocable.