The circle banner. [volume] (Circle, Mont.) 1914-1939, 1924-10-31

state from WHICH SOlu, SILVER, copper
lead or any other metal or metals
precious or semi-precious gems Of
stones are produced, must, not later
than the fifteenth day of April, IL
sucn year when engaged in or carry
ing Oh any such business, work OF
operation, make out a statement OF
the gross value of product from all
mines and mining properties worked
or operated by sucn person during
the calendar year Immediately pre-
ceding. such statement shall be III
the form prescribed by the state
Board OF Equalization, and must be
verified by the oatn of such person,
or the manager, sdperIn.enuene
agent, president or YIce-pres4uo4. y
the corporation, joint stock or other
company or syndicate not laIer unan
the fifteenth day of April. Such
statement shan snow the following:
/. The name and address of the
owner or lessee OF the mine or min
ing property.
2. The description and location of
the mine or mining property.
i
other mineral products or deposits
extracted from the mine or mining
property during the period covered
by the statement.
4. The name and location of the
smelter, mill or reduction works to
which such ore has been shipped or
sold during the period covered by
-, n
nation as the State Board OF Equal1-
zarIon may require.
5. The gross yield of such ores,
mineral products or deposits in con-
stituents OF commercial value, that
is to say, the number of ounces OF
gold or silver, pounds of copper,
lead or zinc, or other commercially
valuable constituents of said ores or
mineral products 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
shall examine each such
statement and return filed and deter
mine and ascertain therefrom, 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 Actin amount
thereof to be paid by such person.
The said Board shall at the same
line mail to each person making
md filing such statement and re-
urn, written notice of the amount
If the license tax to be paid by
Zach, respectively, that the same is
lue and payable to the State Trea-
urer, and that it will become delin-
Iuent at five o'clock p. m. on the
hirtieth day of November, immed.
tely following, and that if the same
ecomes delinquent a penalty of ten
Ter centum will be added thereto,
nd 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
f any of its mines products at
rice substantially below the true
larket price of such product at the
ime and place of such sale or dis
osal, then the State Board of Eqlal-
zation shall compute the gross value
f such portion Of said mines pro-
uct, so sold or disposed of substan-
tally below the market price as
foresaid, which gross value shall be |
ased upon the quotations of the |
rice of such mines product in
Jew York City, at the time such !
ortion of the product was so sold |
r otherwise disposed of as evidenc-
d by some established authority or
larket report, such as the Engineer
lg and Mining Journal, of New |
ork, or some other standard publi-
alton, giving the market reports for
he year covered by SUCH state
tent. Should there be no quota |
ion covering any particular product,
len the State Board of Equaliza- |
ion shall fix the value of such gross |
roduct, or such portion thereof, as
hail nave been sold or otherwise |
isposed of at a price substantially
Glow the true market price at the |
inc and place of such sale or dispo-
al in such manner as may seem |
} be equitable.
Section z. Delinquent Taxes -
enaIty. All license taxes assessed
nder the provisions of this Act
hall become delinquent if not paid
Y five o'clock p. m. on the thirtieth
ay of November following the date
hen the same are assessed and cer-
fled to the State Treasurer, and
S the same become delinquent a
enalty of ten per centum shall be
dded thereto, and the whole amount
said license tax, with penalty add
d, shall bear interest at the rate of
Helve per centum per annum from
he date of becoming delinquent
ntil paid.
Section s. Penalty for Failure to
lie Statement If any person
hall fail, refuse or neglect to make
nd file such statement and return
ithin the time prescribed, the State
GARD of Equalization, shall, imme-
IA tn1u altar c1ph timQ hoe aynirpd