The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-05-02
NeW NeOddd LdW, NoW In Effect,
Governing Operations In the State
.s-Cut 1t out for Reference.

dinudNiL DeIOfe some Ofncer duly au-
thorized 10 administer oath, that a
trne copy of such statement has been
duly deposited in the United States
postofiiee fgiving the name of the
postoiiicel addressed TO each stock
holder of such corporation as appears
from the books thereof, at his or her
last known address. or place of resi-
dence and that sufficient postage has
been prepaid thereon. and thereupon
such secretary. or resident agent or
other person making such affidavit
shall file the same In the Office of
such county recorder. who shall at
taeh the same to the original state
ment previously filed pursuant to sec
tion | of this act. and 10 which such
affidavit pertains. The county record
er shall charge. as afiling fee. fifty
cents for filing and attaching the af-
fldayit required by this section, un-
less the same is attached TO said
original statement.
Section 3. From and after the
21st day of March, 1909. every cor
poration owning leasing, working or
developing any patent claim in this
state. and selling or offering for sale.
either directly or indirectly. or
authorizing or causing to be issued
or sold. any of its shares or stock for
the promotion or development of any
such mining claim. shall print or
stamp across the face of such certifi-
Gates of its treasury stock or shares
tas defined by this act) the words
treasury stock" In English letters
or characters at least one-half of an
inch In height. and not less than one
eigth of an inch in width said letters
or characters TO be printed or stamp
ed as aforesaid In ink of conspicuous
ly different color than the ink used in
printing. writing or stamping the
body or other matter printed stamp
ed or written thereon.
Section From and after the
21st day of March A. ID. 1903, every
corporation owning, leasing, working
or developing any patented or unpat-
ented mining claims In this state. and
selling or Offering for sale. either di-
reetly or indirectly, or authorizing or
causing 10 be issued or sold. any
stock or shares therein that has not
been specifically set aside by such
corporation for the purpose of raising
money or means for the development
of the mineral resources of such min
ing claim or claims. or for making
necessary improvements thereon.
shall print or stamp across the face
of each certificate so issued or auth
orized 10 be issued sold or offered
for sale. as aforesaid. the words pro
motion stock" In English letters or
characters at least one-half inch or
an inch in height and one-eigth of
an inch in width. and said letters or
characters to be printed or stamped
thereon. as aforesaid, in ink con-
spicuously a different color than the
ink used In printing writing or
stamping the body or other matter
printed. stamped or written thereon.
Section All stocks or shares of
every mining corporation doing bust
ness in this state that has been or
shall be specifically set aside 10 sell
for money. or other valuable consid-
Grafton. and the proceeds of which
are 10 be used for the actual develop
ment of the mineral resources OF any
mining claim or for the purpose OF
making necessary improvements
there on. is hereby deemed and de-
clared 10 be treasury stock and all
other stock of such corporation Is
hereby deemed and declared 10 be
promotion stock, within the meaning
Of this act
Section From and after the
9Th day of March. 1909, 1t shall be
unlawful for any corporation or
any officer, agent or director there.
of owning. claiming. leasing or
working or developing any mining
property In the state, TO issue any
written or printed certihcate
representing one or more shares oil
Its stock, or to sell or offer Tor sale
any certificate thereafter issued by
any such corporations, upon when
certificate is not stamped or written
the words treasury stock or pro
motion stock" as defined and requir-
ed by the provisions of this act.
and Il shall also be unlawful Tor any
uerson. or any officer, agent or III
rector of any corporation subject 10
this act to so stamp or print any such
certificate as treasury stock wheh
IN fact the same represents promo
tlon" stock. as said classes OF STOCK
are defined by Section hereof.
Section I. Each and every pro-
vision of this act Is hereby declared
TO be mandatory. and every officer
agent or director of any mining cor.
noration subject to provision hereoi
who shall fail or neglect to execute
and TO file the statement or affidayits
required by section l and or TINS
act or to otherwise comply with all
o,her provisions hereof. or who shall
wilfully do or perform any act OF
thing herein declared TO be unlaw-
ful. shall be deemed guilty OF mis-
demeanor. and shall be imprisoned
IN the county jail for period or not
less than 100 days. nor more tnan
six months. or be punished by potn
sucb fine and Imprisonment. :,
c.n4ion Any DergOn who Shafl