The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-04-17

?orahon owning, leasing, working or developing any patented Or n I
patented mining claim in this state, and selling or offering for sale,
either directly or indirectly, or authorizing or causing to be issued or I
sold, any of its stock or shares or the promotion or development of I
any such mining claim, shall print o stamp across the face of each 4
certificate of its treasury stock or shares (as defined by this Act) the I
words Treasury Stock in English letters or characters at least ne I
half of a inch in height, and OF less than one eighth of a inch in 4
said in ink of a consphuousy different color than the ink used in I
printing, writing o stamping the body o other matter printed, I
See. 4. From and after the 21st day of Marcel, A. D. 1909, every I
corporation owning, leasing working or developing any patented or I
either directly or indirectly, OIL authorizing or causing to be issued or Z
sold, any stock or shares therein that has n OF been specifically set aside I
by such corporation for the purpose of raising money or means or :
the development of the mineral resources of such mining claim or I
claims, or for making necessary improvements thereon, shall print or =
stamp across the face of each certificate o issued or authorized to :
. ssued sold' or ohered fr sae' as aforesaid TINT words rro"onon
Stock in English letters or characters at least oneh half o a n inch in I
height and oneeighth of an inch in width, and said letters o eharae- :
.ers !" o printed OF stamped thereon, a aioreSau' " nm VI '%
spieuouhy a different color than the ink used in printing, writing or :
stamping the body or other matter printed, stamped oil written there :
See. s. All stocks n shares of every mining corporation doing :
business in this state that have been or shall be specifically set aside =
to sell for money, or other valuable consideration, and he proceeds :
of which are % be used for the actual development of the mineral re- :
sources of any mining claim or for the purpose of making necessary :
improvements thereon, is hereby deemed and declared to be treasury :
stock and all other stock of such corporation is hereby deemed and de :
clared to be promotion stock, within the meaning of this Act. :
Sec. 6. From and after the 18th day of March, 1909, it shall be I
unlawful for any corporation, or any officer, agent, or director thereof, I
owning, claiming, leasing, o. working, or developing any mining prop Z
erty in the state, to issue any written or printed eerlheate represent :
ing ne or more shares of it's stock, or o sell or offer fr. sale any Ger =
tidcate thereafter issued by any such corporation, upon which eertif- :
cate is not stamped or printed the words Treasury Stock or "Pro =
motion Stock as defined and required by the provisions of this Act, I
and it shall also be unlawful for any person, o. any officer, agent, or :
director of any corporation subject to this Act to so stamp or print !
any such certificate as Treasury y stock when in fact the san rep :
resents 9" Promotion stock, or to so stamp or print any such certf- :
cate Promotion stock when in fact the a m represents "Treas- I
ury', stock, IS said classes of stock are defined by Section 5 hereof. =
See. Z. Each n every provision Of this Act IS hereby declared =
to be mandatory, and every officer, agent or director of any mining I
corporation subject to provision hereof who shall fail Or neglect to !
execute and to file the statement or afdavits required by Sections l 7
and 2 of this Act, or to otherwis comply with all other provisions =
hereof, or who shall wilfuly do or perform any act or thing herein 7
declared to be unlawful, shall he deemed guilty of a misdemeanor, and I
shall be imprisoned in tn. county Jail for a period of nt less than 100 :
days, or mor than six months or be punished by both such inc and :
imprisonment. =
Sec. {. Any person who shall act a agent for any foreign or I
poration, subject to the provisions of this Act, that has not strictly Z
complied with sections o and two hereof, shall be deemed guilty of I
a misdemeanor, and shall be fined in any sm not less than 5000 nor y
more than $500, or be confined in the county Jail for a term of not less I
than fifty days or more than six months, or by both such fine and i'm :
prisonment. I
See. {. Every corporation, domestic and foreign, violating any of I
the provisions or requirements of this Act, shall forfeit to the state I
of Nevada the sum of ne thousand (1 000) dollars and cost of suit, I
to be recovered in a action in the nan of the state instituted by the :
attorney general, or any district attorney at the request of the attor- t
new general; nor shall any such corporation failing to comply with I
Sections l and . of this Act maintain or defend any action in any :
our Of this state; provided, that upon the production of a certificate I
of the county recorder that the statement and affdavts required by I
said sections have been duly filed Except IS to the time the SAL was :
required to be filed, any such action may be maintained or defended. Z
Sec. 10. Any person, other than those mentioned in Section of :
this Act, who shall violate any provision hereof shall be deemed guilty Z
of a misdemeanor, and shall be punished by a fine of not lest than I
800 MOI moret than $500, or by Imprisonment in the county Jail not Z
less than so days % mor than SIX months, or by both such fine and :
Imprisonment. I
See. IL. The district attorney of each county in this state shall Z
strictly enforce the provisions of this Act, and in the event of the I
failure or refusal of any such officer SC to do when complaint is duly Z
made and sufficient legal evidence is obtainable, he shall be deemed :
guilty of misdemeanor in office and subject to removal and punish :
ment, "a otherwise provided by law, and it shall be the duty of the I
attorney general, in such ease, to forthwith prosecute such violation of :
this Act, and to proceed to prosecute such district attorney for mis- :
demeanor in Office IS aforesaid. Z