Sec 37-259. Application as offer to settle dispute

Any application under section 37-257 and any payments made to this state pursuant thereto shall be deemed an offer by the applicant to compromise and settle a dispute with this state, and no applicant by filing such application shall be deemed to be admitting that title to the land applied for is owned by this state, nor shall such application or any payments thereunder be admissible in evidence in any action at law or equity with respect to such land, nor shall such sale by this state be an admission by this state that it does not own the bed of the present location of the Colorado river or any other bed not specifically covered by such sale.