Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1874-11-05
ILLEGAL ADVERTISING.


The Legislature of this State, at
its session of ls64-5, passed a law
making it obligatory on mining COM
panies to publish their advertise
ments in the county in which the
mines are situated, and if no paper
be published in the county, "then
in the newspaper nearest to said
principal place of business in the
State. This law can be found in the
:. Statutes of Nevada" lS64-5, page
36I, or in the Compiled Laws OF
Nevada" 1878, vol. II, page 275.
We specially call the attention at
this time to this law, having noticed
the assessment notice of at least two
companies-the Quinn Mining Com
pany, location OF works. Spring Val
lev, Lyon county, Nevada; and the
Avalanche Gold and Silver Mining
Company, location of works, Silver
City, Lyon county, Nevada;-being
printed in papers outside the county
and not in the paper assigned by law
for the purpose. The publication of
the two Companies above named are
not legal, and any stock sold to pay
assessment can be recovered by due
process of law. We caution our
readers from purchasing such stock,
as they are sure to have trouble by
so doing, The TIMES is the proper
paper in which to publish all legal
advertisements for Lyon county, and
we wish it to be understood that it
will be our aim to protect the miners
of this county. This law was passed
for the purpose of guarding the in
terests of the miners, who have too
often been swindled by publication
similar to the ones enumerated. We
reproduce, from our columns OF
Aug. 9Th, the Section particularly
setting forth the law in relation to
mining advertisements, which is as
follows:
Section 10. The stockholders of
any corporation formed under this
Act may, in the bylaws of the COM
pany, prescribe the times, manner
and amount in which the payment
of the sums subscribed by them
respectively shall be made; but in
case the same shall not be SO pre-
scribed, the Trustees shall have
power to demand and call in from
the stockhold the sums by them
subscribed, at such times and in
such manner, payments or install
ments as they may deem proper.
In all cases notices Of each assess
ment shall be given to the stock
holder, personally or by publication,
once q week for at least four weeks,
in some newspaper published in the
county IN Which the principal place
of the company is located, and
If none be published IN such county,
then in the newspaper NEAREST
to SAID prssscapal place Of business
in the State. IT. after such notice
has been given, any stakeholder
shall make default in the payment
of the assessment upon the shares
held by him, SO many of such shares
NAV be sold as will be necessary for
the payment of the assessment upon
all the shares held by him, her or
them. The sale of said shares shall
be made as prescribed in the bylaws
of the company, but shall in all
cases be made at the Office OF the
company. No sale shall be made
except at public auction, to the high
est bidder, after notice Of four
weeks pnbtished as above directed an
this section; and at such sale the
person who shall pay the ASSESS
ment due, together with the expen-
ses of advertising and sale, for the
smallest number of shares or portion
of a share, as the case may be, shall
be deemed the highest bidder.