Elk City mining news. (Elk City, Idaho) 1903-1913, 1904-07-30

!
horizontal square of 1OOxloo meters'
eoualing about 1913 feet square ana no
infringement of dip or apexing OF lodes
is allowed to extend beyond lines. ANY
number of claims may be located.
The annual tax is $40 a claim, payable
every four months, and runs from date
of issuance of title. Fine for non-pay-
ment first month after due is fifty per
cent of amount of tax. Second month
full amount of tax. Third month props
erty forfeits and may be adjudged.
Foreigners cannot acquire property
within 20 leagues of land border or III
leagues from coast without PERMISSION
A announcement is equal to American
procedure of ''filing claims, and is
presented to the agent in duplicate,
bearing so cents each of revenue stamps
properly cancelled.
Title to the mineral zone can only
conform to lines given in announcement,
direction and strike of vein of deposit
desired should be carefully noted, also
distance from natural objects, habita-
ton. etc., and in all cases the correct
municipality.
Within three days from date of de-
nouncement surveyor must be appointed
who, within eight days, must file his
acceptance. and who must within sixty
days thereafter make the surveys, plac-
ing the necessary monuments for ldentl-
fcation and report full notes of descrip-
ton and necessary maps in duplicate.
Immediately after notifying the sur
veyor to make the survey, the mineral
agent shall issue in duplicate true copies
of proceedings which should contain:
l. An extract of the announcement.
2. Name, residence and acceptance
of the surveyor.
a. Notice that within four months
from date of extract all proceedings in
the agency will be terminated.
A duplicate is given by the agent to
the denouncer, who, within 40 days
must have same published three times
in the official periodical of the state,
territory or federal district in which
claim is situated.
After the period of four months if no
adverse claim is filed, the agent shall
forward all papers in relation thereto to
the DEPARTMENT. de Fomento, in the
City of Mexico, and in due time should
there be no discrepancies, favorable
decision thereon is announced and the
agent is notified to advise the denouncer
thereof, who shall remit the proper
amount of $40 per pertenencia in stamps,
plus two dollars for the title deed,
whereupon patent is duly issued.
Every mining title and transfer, other
than by stock, should be registered in
the district where located.
Mining shares are transferable by
simple Endorsement, and titles proper
are governed by law of transfer of
real estate" and should be thoroughly
gone into, especially as to payment of
proper taxes, adverse claims, permits
sion of surface rights from owners of
soil or federal government, proper no.
tation of survey, and location of monu-
ments where other claims adjoin, and if
in prohibited zone that special permit is
duly granted.
Before patent is issued, announcement
rights may be purchased, but are not to
be recommended. A contract of sale is
best and should be duly made before a
competent authority, and duly author
lied copy should be forwarded to the
DEPARTMENT. de Fomento in Mexico
City, with request that title be issued
to purchaser instead of denouncer. All
transfers of mining property other than
shares should be registered.
Where foreign corporation acquires
property within the prohibited zone, u
it is usually by having title granted tc
some Individual of trust who is a Mex
lean citizen, but the best way is to in.
corporate a Mexican company, which
can hold the property without a permit
such stock being transferred to the for.
eign corporation.
In all cases, the transfer of mining
, property other than by stock is by pub
lie contract and not by private. Ii
Mexico deed is always a contract, i.
over $500 in value is a public document
= and must be registered; if less, is \;
= private contract and needs no registra
ton. Care being always had that tn
wife give her specific written consen
in the deed.