Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1864-02-22
Mining Interpretations.
From the S. i. Alta ]

A very important bill has been submitted to
the Senate by Mr.. Shafter, entitled " an act con-
corning assessments upon the STOCK OF corpora
tions.' 1t Is now in the hands of the appropriate
committee, and our correspondent at sacramento
advises that a favorable report will be Iuade
upon it. It provides that the trustees of any
corporation formed under the general laws of this
State for mining, milling, ditching or fuming
purposes, shall have power TO levy and collect,
for the purpose of paying the proper and legal
expenses OF such corporation, assessments upon
the capital; that no assessment shall exceed hve
per cent. of the capital stock of the corporation,
and none shall be levied while any portion of any
previous assessment shall remain unpaid or I'M
collected except In cases W here all the powers OF
the corporation shall have been exercised IN &C
cOrdance with the terms of the act, for the pUr.
pose Of collecting such previous assessments that
no assessment shall be levied except by order OF
the Board Of Trustees concurred In by MAORI.
ty of the Board, and entered upon The records OF
the corporation; that every order leVylng an as.
sessment shall specify the amount thereof and
the time when the person or persons 10 whom,
and the place or places where the same is, pay.
able that II shall also appoint u day for the ad-
vertisement Of the delinquent list which shall
not be less than thirty, more than thirty five
days from the time of making such order, and a
day for the sale of delinquent stock. which shall
not be less than ten, nor more than twenty days
from the time appointed for the advertisement Of
the delinquent list; that, upon making such an
order. theasccretHry shall cause to be published,
Immediately, notice thereof in the following
form:
NAMES IN FULL LOCATION OF WORKS.
Notice Is hereby given, that at meeting of the
Trustees of said Company, held on the date, an
assessment Of lamountl per share was levied upon
the capital stock Of said company payable lwhen,
to whom, and where, particularly Any stock
upon which snid assessment shall remain unpaid
on the Iday fixed] will be advertised on that day
as delinquent and, unless payment shall be made
before, will be sold on (the day appointed TO pay
the delinquent assessment, together with five per
cent. additional for cost of advertising, and five
per cent more for the other expenses of the sale.
[Sgnature of the Secretary, with particular To-
cation Of office
That this notice shall be published four success
sive Saturdays In some daily paper published
at the place designated as the principal place of
business of the corporation and also in some pa
per published nearest the works of the corpora
ton provided that If the works of the corporation
are not situated within some state Territory of
the United States, In case of a corporation for
mining purposes, if there IL no newspaper pub
lished within the mining district in which the
mine of the company is situated then publication
in paper nearest the works shall not be neces
snry and provided, also, that if there Is no paper
regularly issued on Saturdays at any place where
publication is required to be made the notice may
be published in every issue of the paper which Is
most frequently issued at such place. for the full
period of four weeks; that if any portion of the
assessment mentioned in the notice shall remain
unpaid on the day specified therein for the publ
cation by the notice of sale, the Secretary shall,
unless otherwise ordered by the Board of Trus-
tees, cause to be published in the same papers in
which the original notice shull have been pub
lished, a notice substantially in the following
form
NAME IN FULL. LOCATION OF works.
NoTiCE.-There is delinquent upon the follow
ing described stock, account Of assessments lev
led upon the datel rs and assessments levied pre-
vious thereto" if anyl, the several amounts
set opposite the names of the respective sharehOd
ers as follows: .