The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-04-17
DRASTIC "ANTI=WlLDCAT" LAW
NOW IN FULL FORCE in NEVADA
The New Law Compelling Publicity on the Part of Mining Corporations, and
Regulating the Issue Of Mining Stocks Covers the Needs of the States
Great Industry Thoroughly and Protects Investors.

= The following Act, passed by the lasts session IF the state legsla-
: ture, has been signed by the governor, and is n~ a law IN in force;
: In Act requiring certain mining corporations to file aemen with
, the county recorder and attorney general and to mail copies there
: of to stockholders; regulating the issuance and sale of certain
: treasury and promotion stock and defining the same for the pur
, poses of this act; declaring certain aetsto be unlawful; providing
: penalties for the violation thereof, and other matters relating
, thereto.
, The People of the State of Nevada, represented in Senate and Assem-
, bly,, do enact as follows:
, Section L Every corporation owning, claiming, holding, leasing or
; engaged in tn business OF working o. developing any mining clam or
; mining property, or interest therein, in the state of Nevada, and sell
, ing or offering for sale, either directly or indirectly, any of its shares
, or capital stoeks shall, during the months of june and November of
, each calendar year hereafter, file in the Office of the county recorder
, of each county wherein such mining property is situated, and in the
, Office of the attorney general of this state, a statement duly subscribed
and worn to before a notary public Cor other officer authorized by
law to administer oaths) by its president Cor vice presdent) and its
secretary, if it is a domestic corporation, and also by its resident
agent, of a foreign corporation, which shall contain the following facts
and information:
Gay The ame of each mining claim and the total number of such
claims OF fractions thereof owned n leased, and the number thereof be
ing worked or developed, also the county and mining district Gf
there be one) wherein said claims ar located, md the nearest post
Office and the distance therefrom, as ca as a be ascertained.
() The nature of the title thereof, or interest therein, whether
leasehoid or otherwise, also the date each claim or interest therein
was purchased, leased o otherwise acquired by such corporation.
(e) The character, value and a general description of all build
ings works, machinery and other improvements ON ZACH unpatented
claim, and the character, value, and a general description of all build
ings, works, machinery and other improvements being actually used or
operated by such corporation o its patented ground, taken as a whole.
Gay The total number of days labor employed and expended in
actually developing the mineral resources of each unpatented mining
claim, if any, and of the entire patented property, if any, during the
six months next preceding, and the total smm of money, or other valu-
able consideration, given or paid out therefor.
() The total number of shares such corporation is by law author
lied to issued and the different classes and par value thereof.
~ The total number of shares of stock originally sci aside by
such corporation, if any, in its treasury OF otherwise, to sell OF other
wise dispose of for the purpose of working, developing or otherwise inn
proving any patented or unpatented mining claim, or claims, owned or
leased or being worked OIL developed by such corporation, and the
total amount of money realized from the sale of any portion thereof
during the six months next preceding.
() The total number of shares of treasury stock sold, the price
thereof per share, and the total u of money o other consideration
received therefor during the six months next preceding the date of
fling of the statement herein required, and the number O. shares of
treasury stock remaining unsold ats said time.
() The amount of money, if any, actually paid by such corpora
tor to each Of it's officers, superintendent Or to other persons, IS sal
airy or compensation for services rendered such corporation, stating
the nature of such services; also, the respective amounts, if any, e x
pended for advertising and a commissions for sales Of stock, during
the six months next preceding the fling of said statement.
GD The total amount of bullion tax paid during the six months
next preceding.
The affidavit required by this section shall state in substance a
follows:
That aAHant lis. the president Cor other officer of such corporation,
OF other person required to make such afidavi) and has read the fore
going statement, and knows the contents thereof; hat the same is
true and correct to the best of his knowledge and belief.
, See. .. At the san time, or wlthlnt tel days thu sworn statemen
nrescribed by Section / of this Act shall have been filed with the
county recorder as in this Act provided, the secretary OF resident
: agent or one officer of such corporation required by this Act to sub
: scribe to the same, shall duly mail or cause to be mailed to each
, person appearing at said time OF TIL books II such corporation as a
: stakeholder therein, a true typewriter or printed copy o. such state
+ ment, and shall in addition thereto make an affidavit before 10
Z officer duly authorized to administer oaths, that a true copy of such
: statement has been duly deposited in the United States postoffee
: (giving the nam of the postoffce) addressed to each stakeholder of
: such corporation, al appears from the books thereof, at his or her last
Z known address,, o. place of residence, and hat sufficient postage as
= beer 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 attach the san to the original
: statement previously fled pursuant to Section of this Act, and to
: which such affidavit pertains The county recorder shall charge, a
; a filing fee, fifty cents for every original statement required by the
: nreeedine section. and fifty centsf for filing and attaching the affidavit
: required by this section, unless the same is attached to said original
= statement.
/. Sec 3 From and after the 2st day of March, 1909, every cor.