The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1911-07-08
AMENDMENTS TO THE
WILDCAT MINING LAW
Important Changes Are Made Con.
corning Statements From Min
ing Company officials

Nevads's Legislature al its session
last Winter made some changes in the
law governing mining corporations.
One provision Of the law as passed in
1909 was that all mining corporations
should file statements semi-snnually.
This the last Legislature amended.
Section one Of said Act is hereby
amended 90 as to read as follows:
Every corporation owning. claiming.
holding, leasing or engaged in the busi-
ness Of working or developing any
mining claim or mining property, or
interest therein. in the State Of Nevada,
and selling or offering for sale. either
directly or indirectly. any Of its shares
or capital stock shall, within 60 days
after expiration Of the first six months
Of lie existence as q corporation, and
annually thereafter within 60 days after
the first day of the month provided by
its bylaws for its annual meeting Of
stockholders, file in the Office Of the
County Recorder Of each county where
in such mining property is situated,
and in the Office Of the Attorney-Gen-
eral Of this State, a statement duly
subscribed and sworn to before q notary
public Cor other officer authorized by
law to administer oaths), by its presi-
dent or vice president. and its secre-
tary, IL it is q domestic corporation.
and also by its resident agent, if g
foreign corporations; provided. however,
that the failure of the bylaws Of any
such corporation to provide a date Tor
the annual meeting Of the stockholders
thereof shall not excuse said corpora
ton from filing such a statement once
during each calendar year. Said state
ment shall cover the period Of time be-
tween that embraced in the previous
statement filed in accordance herewith
and the first day of the month in which
said annual meeting is to be held, or in
the event that such statement is the
first statement to be filed by any cor
poration in conformity with this Act,
such statement shall cover the first six
months of the existence OF such corpora.
ton.
This statement requires the name Of
each claim and fractionI description and
location; nature of title; character.
value and general descr iption of all i'm
provements. buildings on unpatented
claims, etc; total amount and descrip-
ton of all development work on un-
patented claims; total number of shares.
classes and par value, treasury, etc.;
total treasury sales and sums received
salaries paid; amounts expended for ad.
vertising, ETC.; total value of ores pro-
duced.
The new law winds up with the fol-
lowing:
Section 5-All stocks or shares of
every mining corporation doing bust
ness in this State that have been, or
shall be specifically set aside to sell for
money or other valuable consideration,
and the proceeds of which are to be used
for the actual development of any min
ing claim, or claims, or for the purpose
of making necessary or useful improve
ments thereon, or for the purpose of
maintaining such corporation. or pre-
serving or enhancing its assets. are
hereby deemed and declared to be
treasury stock, and all other stock Of
such corporation is hereby deemed and
declared to be treasury stock within
the meaning of this Act.