The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1910-07-07
SYNOPSIS OF
WILDCAT Law

ganized under the laws of Nevada
should not overlook the making Of
semi annual reports, under the provis-
ions of what has been generally
termed the wildcat law" passed by
the last legislature.
These reports must be made in June
and November of each year and must
be filed with the attorney general, the
recorder of the county in which the
property is located and a copy sent
to each stakeholder of record. So far
only few companies have complied
with the law by fling their reports
with the county recorder and there is
little time to lose To assist the com
panies in the preparation of their re.
ports, some of the principal sections
of the law are published below, show
ing the information which stockhold-
ers of mining companies are entitled
to receive:
(a). The name of each mining
claim and the total of such claims or
fractions thereof owned or leased, and
the number thereof being worked and
developed, also the county and mining
district (if there be one) wherein said
claims are located, and the nearest
postoffice and the distance therefrom
as near as can be ascertained.
(b). The nature of the title there.
of, or interest therein. whether leas-
hold or otherwise, also the date each
claim or interest therein was pur-
chased, leased or otherwise acquired
by such corporation.
(c). The character, value and a
general description of all buildings
works, machinery and other improve
ments on each unpatented claim, and
the character value and a general de-
scription of all buildings, works. ma
chinery and other improvements be-
ing actually used or operated by such
corporation on its patented ground,
taken as whole.
(d). The total number of days la
Dor employed and expended in actual
ly developing the mineral resources Of
each unpatented mining claim, If any
and of the entire patented property, if
any, during the six months next preced
ing, and the total sum of money, or
other valuable consideration. given or
paid out therefor.
(e). The total number of shares
such corporation is by law authorized
to issue and the different classes and
par value thereof.
j.
stock originally set aside by such cor
poration, if any, In its treasury or
otherwise, to sell or otherwise dispose
of for the purpose of working, develop
ing or otherwise improving any patent
ed or unpatented mining claim or
claims owned or being worked or de-
veloped by such corporation, and the
total amount of money realized from
the sale of any portion thereof during
the six months next preceding.
(g). The total number of shares of
treasury stock sold, he price thereof
per share, and the to al sum of money
or other consideration received there
for during the six months next preced-
ing the date of fling of the statement
herein required, and the number OF
shares of treasury sttcy remaining un-
sold at said time.
(h). The amount of money. IL any,
actually paid by such corporation to
each of it's officers. superintendents or
to other persons. exclusive of persons
i~eluded in subdivisions of this sec
ton. as salary or compensation for SER
vices rendered such corporation, stat
;ro the nature of such services; also,
the respective amounts. If any, ex-
pended for advertising and as commits
sions for sales Of stock. during the six
months next preceding the fling Of
such statement.
~. The total amount of bullion
tax naid during the six months next
preceding.
The affidavit required by this sec
ton shall state in substance as fol
lows:
That affiant is the president Cor 9th
or officer of such corporation or other
nerson required 10 make such affidav'
it) and has read the foregoing state
ment and knows the contents thereon
that the same is true and correct TO
the best Of his Knowledge and belief.
(D. 1t is provided that at the same
time. or within ten DAYS after the
sworn statement shall have been MED
with the county recorder, the secre'
tarv or resident agent or one omeer
Of such corporation required by this
pc. 70 subscribe to the same. shall
duly mail or cause to be mailed to
each nerson appearing at said time on
the hooks Of such corporation as 9
stakeholder therein, true typewrit
ten or printed copv Of such statement
and shall in addition thereto, make
IN affidavit before some officer dul,
authorized to administer oaths that
true copv Of such statement has beer
deposited in the United States post
Office giving the name of postoffice
addressed to each stockholder of sucl
corporation as appears from tn
books thereof at his or her last know
address or place of residence. and tha
sufficient postage has been prepai'
thereon, and thereupon such secretary
or resident agent or other person max
ing such affidavit shall file the sam
in the office Of sue county recorder
who shall attach the same to tn
original statement previously filed.
Section T. Each and every provi'
ion Of this act is hereby declared t
be mandatory and the officer or agen
Of any mining corporation subject !
the provisions hereof who shall fail
neglect to execute and file the stat
ment or affidavits required by section