Whenever the state of North Dakota, or any of its agencies, has conveyed lands to any person and has reserved oil, gas, or minerals or rights therein or archaeological materials and the United States of America or any of its agencies or agents shall desire or be required to acquire or approve title to such lands, the officers, boards, or commissions which have originally conveyed such lands, or the successors in power to such officers, boards, or commissions are authorized to release to the United States of America or its agency or agent everything so reserved. The officer, board, or commission having power so to release has full power to fix and determine the consideration, if any, and terms upon which such release shall be given and any moneys or other consideration received for such releases must be covered into the fund for the benefit of which such reservations were made.
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