In this appeal appellants and appellant-intervenor State of Alaska appeal from the superior court's judgment of September 19, 1967. This judgment reversed the determination of the Director of the Division of Lands, dated June 10, 1965, which decision had certified that Pan American Petroleum Corporation was entitled to pay a reduced royalty rate of 5 per cent, instead of the usual 12 1/2 per cent, on all...
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