El Nuevo mexicano., 1920-02-26

TEXT OF PROVISION
TO DISTRIBUTE INCOME
The distribution Of the income from
leases under this act is Of especial
interest to the states 10 which the
operations are carried n The pro.
visions for this Is found IN sectioa
So, which is as follows;
THAT 10 percentum Of ali money
received from sales, bonuses, royal.
ties and rentals under the provisions
of this act, excepting those from
Alaska, shall be paid into the treas
Ecry.of the United States and credited
to miscellaneous receipts; For past
production 10 per centum, and for ~
ture production 525z percentum of
the amount derived from such boz
Luses, royalties and rentals shall be
raid into, reserved and appropriated
as a part OF the reclamation fund
created by The act OF congress-, known
az the Reclamation act, approved
June II, 1902, and for past production
20 per centum, and for future produe-
ton 37M percentum Of the amounts
derived from such bonuses. royalties
and rentals shall be paid BY the SEQ
Rotary Of the treasury after the ex
piration OF each fiscal year 70 the
state within the boundaries Of which
the leased lands or deposits are CT
were located, said moneys to be used
by such state or subdivisions thereof
for the construction and maintenance
Of public roads. or for the support Of
public schools or other public educa,
Itional institutions, as the legislature
OF the state may direct. Provided,
that all moneys which may accrue
to the United States under the pro
Visions OF this act from lands within
the naval petroleum reserves shall
be deposited in the treasury as mig
cellaneous receipts"
It wiz be- noticed that only ten
per cent goes to the treasury Of tho
United States. The rest Is divided
between the reclamation fund and
roads and schools. This will add
much money to the reclamation fund
and will be a direct benefit to New
Mexico In case the people take steps
10 develop Irrigation further. New
Mexico has abundant Irrigation pos
sibilities. The San Juan Basin has
- E0uKAV VI AAAAAAVM UNAEAGEN "a MAhEE a.
that at present passes out Of the
state unused The Rio Grande offers
cpmehE Soldoes the pecos. the ella,
opportunity for much greater deYes-
and q long list Of smaller streams.
There arc also underground waters
waiting for development ~ pumping.
The state VIII also benefit b. In
creased income for the school and
read funds. But Il viii require ac-
ton BY the legislature 70 distribute
the funds for roads and schools. BE.
ing a state with an excessive road
mileage. the income thus provided
VIII be- 8 most welcome relief 70 the
AIDS OIL EXPLORATION
Tho law viii be 4 material aid ID
Iur4heffng the Oh exploration nov sol
Ron under Way ia New Mexico. The
stntus ok placer locations IA fhe past
has been quite donblfal. Unaer the
lrpsent law the locator selects bis p
On any structure moi YET
proven 70 b. oii.bcAFinH, locates hia
nonumerk, aud applies Tor 4 permit
rhis eranted, Tho locator ut4ghs he
ioundngirs o. hia claim and secs 10
rurk ne has ne exclusive right To-
Prospect sor 81 and ga Tor TIVE pears
d ma % exc6ad sSf9 ACRES. Ia mnag
drilluk wlthtn atK mnnlha nnAl
lrfil a. least coo faot aha NfMt yoaR, J
Ina 1G10 feet Wlghin tpp YnAGN M !
cif II lDunA IA \ hsg aapeh. ikts
A IL found. then lhe pefMlskA8 Mb4K
3 9faNtea a loAse I'm enNsfu8fsh .
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