Oklahoma Disputed Accounted Settlement

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Multi-State
Control #:
US-02777BG
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Word; 
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Description

Parties may agree to a different performance of a contract This is called an accord. When the accord is performed, this is called an accord and satisfaction. The original obligation is discharged. In order for there to be an accord and satisfaction, there must be a bona fide dispute; an agreement to settle the dispute; and the performance of the agreement. The parties might settle for less than the amount called for under the contract.
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FAQ

An Osage headright is a share of profits from resources like oil, gas, and coal that have been extracted from the Osage Nation's land. These payments can be sizeable - thousands or even tens of thousands of dollars a year.

Osage Wealth Begets 'Reign of Terror' ing to journalist David Grann, author of the book Killers of the Flower Moon: The Osage Murders and the Birth of the FBI, oil leases paid the Osage nation more than $30 million in 1923 alone (equivalent to more than $400 million today).

The United States will pay the tribe $380 million in compensation for the tribe's claims of historical losses to its trust funds and interest income as a result of the government's management of trust assets.

The reservation, of approximately 1,470,000 acres (5,900 km2), was purchased in 1872 and is coterminous with present-day Osage County, Oklahoma, in the north-central portion of the state between Tulsa and Ponca City. The Osage established four towns: Pawhuska, Hominy, Fairfax, and Gray Horse.

By 1920, the market for oil had grown dramatically and brought much wealth to the Osage. In 1923 alone, "the tribe took in more than thirty million dollars, the equivalent today of more than four hundred million dollars."

Burkhart was paroled in 1937, but was sent back to prison for burglarizing his former sister-in-law's house in 1940. After being paroled for the final time in 1959, Oklahoma governor Henry Bellmon pardoned Burkhart in 1965 or 1966 for his role in the Osage murders.

The osage probably valued ani- mals and the abundance of the earth. The people, led by ants, climb the Lukatso, or bamboo. The Wazha'zhe weep at the sight of their new home; they feel aban- doned and helpless on a flooded earth.

ARONCZYK: An Osage headright is a share of profits from oil, gas, coal - resources extracted from the Osage Nation's land. And these payments can be big - thousands and even tens of thousands of dollars a year.

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Oklahoma Disputed Accounted Settlement