The circle banner. [volume] (Circle, Mont.) 1914-1939, 1924-10-24

Ieaa or any oLner metal or metals
precious or seml-preclous gems OF
sIones are produced, must, not later
than the fitCeentn day OF April, IL
sucn year wnen engaged IN or carry
ing on any such business, WORK VI
operation, make out statement OF
the gross value OF product IRON All
mines and MINING properties worked
or operated by sucn person during
me calendar year immediately pre-
i cedIng. Sucn statement snan be IN
the FORM prescribed by the state
board or Equalization, ana must be
verified by the oaCn OI sucn person,
| OF the manager, s@pv1ineo-4ueAi,
agent, president VI wee "a c.,.,.O.-, j.
me corporation, JOINT stock or other
company or syndIcate nOC ia.er t4-on
the rIIUeentn day OF April. such
statement snaA snow the following:
l. Inc name and address OF the
owner or lessee OF lne mine or MN
ing property
! Z. Inc description and location of
the NINE OF mining property.
5. Inc number OF TONS OF ore or
otner mineral products or deposits
extracted from the mine or mining
property during the period covered
Dy the statement.
A. The name and location of the
smelter, mill or reduction WORKS 10
winch sucn ore has been shipped or
soId during the period covered by
the statement ana such other lntor.
nation as the state Board OF EquaIi-
zatlon may require.
D. The gross yield of such ores,
mineral products or deposits i'll con
stltuents OIL commercial value, that
is 10 say, the number of ounces Oh
gold or silver, pounds OF copper,
lead or ENC, or other commercially
valuable constituents OF SAID ores or
mineral prouucts or deposits, mea-
sured by standard units OF measure
ment during the period covered by
the statement.
6. The gross value of product in
dollars and cents.
Section 6. Computation and No
tice of Tax. The State Board OF
Equalization SHAH examine each such
statement and return filed and deter
NINE and ascertain theretrom, and |
compute and assess the amount OF |
the license tax TO be paid by the per-
son making and filing the same, and |
shall, not later than the first day OF |
june, certify to the State Treasurer
the name OF each person subject to
the payment of license taxes under
the provisions of this Act,the amount
thereof to be paid by such person.
me said Board shall at the same
and filing such statement and re-
urn, a written notice of the amount
Of the license tax to be paid by
each, respectively, that the same is
Tue and payable to the State Trea-
;urer, and that it will become deIin-
Iuent at five o'clock p. m. on the
Lhirtieth day Of November, lnneu
ately following, and that if the same
becomes delinquent penalty of ten
per centum will be added thereto,
ind that the whole amount of such
license tax, with penalty added,
will bear interest at the rate of
welve per centum per annum from ::
he date the same becomes delinq-
uent until paid. If any such per-
on, has sold or otherwise disposed
Il any Of its mines products at a
rice substantially below the true
market price of such product at the
ime and place of such sale or dis !
'osal, then the State Board of EQlal-
cation shall compute the gross value
Il such portion of said mines pro- :
uct, so sold or disposed of subsuan-
tally below the market price as
foresaid, which gross value shall be
ased upon the quotations of the
rice of such mines product in l
Jew York City, at the time such {
ortion of the product was so sold I
r otherwise disposed of as evidenc- {
d by some established authority or
larket report, such as the Engineer
lg and Mining Journal, of New E
ork, or some other standard publ !
alton, giving the market reports for I
ne year covered by sucn state
lent. Should there be no quota y
on covering any particular product, I
len the State Board of Equaliza- o
on shall fix the value of such gross
roduct, or such portion thereof, as |
hall nave been sold or otherwise L
isposed of at a price substantially
Glow the true market price at the i
me and place of such sale or dispo-
Al in such manner as may seem Il Il
} be equitable.
Section Z. Delinquent Taxes -
enaIty. All license taxes assessed
nder the provisions of this Act u
lall become delinquent if not paid Z
y five o'clock p. m. on the thirtieth Q
ay of November following the date d
hen the same are assessed and GER y
fled to the State Treasurer, and .
5 the same become delinquent a
enalty of ten per centum shall be II
1ded thereto, and the whole amount q
said license tax, with penalty add y
|, shall bear interest at the rate of
velve per centum per annum from .
lie date of becoming delinquent q q,
ltil paid.
Section s. Penalty for Failure to 9
lie Statement. Ii any person p
lall fail, refuse or neglect to make o
Id file such statement and return II
thin the time prescribed, the State =
oard of Equalization, shall, imme- Il
ately after such time has expired,
,cartoi IN, ond q. ,.oo.,1.. -. ! m