The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-19
TIME To MEET
THE NEVADA LAW
all Companies Under Jurisdic-
tiOn of Nevada Must File
June Reports.
MANY SECRETARIES
OF SALT LAKE BUSY
Severe Penalties Provided for
Neglect of Statute Passed
Last Year,

1t would he difficult to find buster
eet OF secretaries OF mining companies
than Salt Lake holds at this time. sec
retaries OF companies which have the
laws OF the state OF Nevada 10 thank for
their existence, By virtue OF an act
passed last year. and approved March D.
1909. all Nevada corporations must file
with the attorney general. county re-
corders in which tho mine is located and
within ten days with all stockholders OF
record a detailed statement OF the COM
pany affairs. These reports are due on
two occasions each year, In June and
November, so these warm June days
are being devoted TO compiling the In
formation required. Among the many
things which must be reported on, and
1t ie Information that stockholders are
entitled TO. by the way, the following
Items Will prove OF interest:
(a) The name of each mining claim
and the total OF such claims or fractions
thereof owned or leased. and the num-
her thereof being worked and developed
also the county and mining district or
there be one) wherein said claims are
located. and the nearest pnstoffice and
the distance thsrefrom, a S near as can
be ascertained
(b) The nature OF the title thereof, or
interest therein. whether leasehold or
otherwise also the date each claim or
interest therein was purchased leased or
otherwise acquired by such corporation
(c) The character. value and gem
eral description OF all buildings. works.
machinery and other improvements on
each unpatented claim, and the charac-
ter, value and a general description OF
all buildings. works. machinery and other
improvements being actually used or op
Grated by such corporation on its patent
ed ground. taken IS whole.
(d) The total number OF days labor
employed and expended in actual de-
tH11n @ir,x. al. 4.
unpatented mining claim, II any and OF
the entire patented property. If any, dur
ing the six months next preceding, and
the total sum of money. or other valu
able consideration, given or paid out
therefor.
(e) The total number OF shares such
corporation is by law authorized 10 issue
and the different classes and par value
thereof.
(0 The total number OF shares of
stock originally set aside by such cor
poTation n any In its trea sury or other
wise. to sell or otherwise dispose OF for
the purpose OF working. developing or
otherwise improving any patented or un-
patented mining claim. or claims owned
or leased or being worked or developed
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. the price thereof per
share. and the total sum OF money or
other consideration received therefor dur
Ing the six months next preceding the
date OF Ming Of the statement herein re-
quired. and the number OF shares OF
treasury stock remaining unsold at said
time
th) The amount of money. II any. act
ually paid by such corporation 10 each
of its officers. superintendents. OF TO
other persons. exclusive OF persons in
cluded in subdivisions of this section. as
salary or compensation for services rem
GtNFNN ION lat ffFNfr
ture OF such services; also, the respective
amounts, II any. expended for advertising
and as commissions for sales Of stock.
during the six months next preceding the
fling of said statement
0 The total amount of bullion tax
paid during the six months next preced-
The affidavit required by this section
shall state In substance as follows:
That affiant is the president (or other
officer OF such corporation, or other per-
son required to make such affldaviO and
has read the foregoing statement, and
knows the contents thereof; that the
same is true and correct TO the best of
his knowledge and belief.
of this act is hereby declared 10 be man
datory, and the officer or agent OF any
mining corporation subject TO the pro-
visions hereof who shall fall or neglect
effidavits required by sections and 3
of this act. or TO otherwise comply with
all other provisions hereof. or who shall
wiifully do or perform any act or thing
herein declared 10 be unlawful. shall be
deemed guilty OF misdemeanor. and
shall upon conviction be fined In any
sum not less than 800 nor more than
$500, or shall be imprisoned In the county
jail for a period Of not less than fifty
days, nor more than six months. or be
punished by both such fine and imprison-
ment.
Section s. Any person who shall act
as agent for any foreign corpora ton,
subject to the provisions Of this act
that has not strictly complied with sec
guilty OF misdemeanor. and shall be
fined In any sum not less than 500 nor
more than $500. or be confined in the
county jail for q term or not less than
fifty days nor more than six months, or
by both such fine and imprisonment.
Section 3. Every corporation. domes-
tic and foreign, violating any OF the pro-
visions or reauirements Of this act. shall
OF one thousand (S1000) dollars and cost
of suit. to he recovered In All action in
the name OF the state instituted by the
attorney general, or any district attor-
ney at the request OF the attorney gem
sral; nor shall any such corporation fall
ing to comply with sections ! and 2 OF
this act maintain or defend any action
In any court of this state; provided. that
upon the production of a certificate OF
the county recorder tina: the statements
and affidavits required by said sections
have been duly filed (eXcept as TO the
time the same was required TO be filed)
any such action may he maintained or
defended; provided, that the provisions
OF his act shall not apply TO any action
now pending
Section 10. Any person, other than
those mentioned In section Of this act
who shall violate any provision hereof
shall be deemed guilty of misdemeanor,
and shall be punished by a fine OF not
less than sl00 ncr moro than $500. or
by imprisonment in the county jail not
less than fifty days nor more than six
Onment