The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1913-04-03
M|N|NG LEGISLATION
FOR STATE OF IDAHO
NEW REQUIREMENTS FOR COM.
PANIEs-NoT CONSIDER.
Ed DRASTIC.

Ilation and supervision Of investment
companies, bearing some relation to
what is commonly termed Blue Sky
laws was passed by the last legisla-
lture Of Idaho. At first reading 1t does
not have the appearance OF being I'M
duly drastic in It's relation to mining
development companies. Following
are its provisions in this respect:
Sec. 15.--All corporations. domes-
tic or foreign, and associations en-
gagged In mining and mining opera
tions within the state shall during the
month of June each year after the
passage .apd approval Of this act file
with the state inspector of mines OF
this state report which shall be
made under oath and shall contain
names Of each mining claim and the
total number OF such claims owned
leased or otherwise held, forming the
basis for the issue of stock or certifi-
Gates, and the number being worked
and developed. and the mining district
and county in which such property il
located; the nature of the title there
Of, or interest therein. whether lease
holder or otherwise, the character.
value and general description Of all
buildings, works, machinery and de-
scription Of all development work done
by such corporation or association;
the total sum of money or other val
ne. hi OF 10 mi Inn nj Cr C,vt
therefor; the total number of shares
or certificates that such corporation
or association is by law authorized to
issue, and the different classes and
the par value thereof; total number of
shares Of stock or certificates set
aside by such corporation or associa-
ton in it's treasury to sell or other.
wise dispose Of for the purpose of
working. developing or otherwise i'm
proving the property of such corpora
ton or association. the total number
VI shares Of stock or certificates sold
ind the total sum Of money or other
consideration received therefor and
he number of shares or certificates
'emaining unsold and all corporations
domestic or foreign, and associations
who are not now engaged In mining
operations within this state. who de.
sire to engage in mining and mining
operations within this state. shall. be
fore engaging in mining and MINING |
,perations within this state, make
xecute and file such report as is above
,rovided and such reports shall be
made and filed by corporations, dom I
site or foreign. and associations who !
hall be engaged in mining and min.
'ng operations within this state at the |
ime of taking effect of this act.
Sec. 16.-Any person or persons
may receive copy Of such repor'
upon application to the state inspect
,r or of mines therefor by paying the
FEES in such case made and provided
by law.
Sec. lit shall be unlawful for
my corporation or association to re-
use. fail or neglect to make, execute
md file the report provided for in sec
ion Is Of this act, and upon convic
ion thereof shall be deemed guilty Of
, misdemeanor and punished accord
ngly.
Sec. 1S.--Any person. corporation
n association who knowingly makes
false report to the inspector Of mines
$ provided by this act, of or con-
erning any mining property In this
tate. or any person, corporation or
ssociation or individual whomso
yer who knowingly makes or pub
shes in any way whatever. or per-
hts to be made or published, any
ook. notice. prospectus. report. state
rent, exhibit or other publication Of
r concerning the affairs, financial
or property Of any corpora
on, association, joint stock associa-
on, partnership or individual
hich said book, prospectus, notice
port, statement, exhibit or other
ALLEGATION shall contain any state
ent which Is false, shall be deemed
iilty Of felony, and upon conviction
ereof shall be imprisoned for not
ore than ten years or fined not more
AN $4,000. or shall suffer both such
le and imprisonment