The circle banner. [volume] (Circle, Mont.) 1914-1939, 1924-10-17
NOTICE OF ELECTION
PROPOSED PETITION FOR INlTI-
ATIVE NO. %.

sons, individuals, firms, copartner
ships. associations, JOINT stock com
panies, common-law companies, bust
ness trusts, syndicates and corpora
lions, engaging in or carrying on the
business OF working or operating
any mine, or mining property in the
State of Montana, from which gold
silver, copper, lead, or any other
metal or metals or precious or semi
precious gems or stones OF any kind
shall be mined, extracted or produc-
ed, to pay to the State Treasurer an
annual license tax for engaging IN
and carrying on such business in
this State; fixing the amount OF
such license tax, provpiing method
for the assessment and collection
thereof and the disposition OF the
proceeds of such license tax; pre-
scribing penalties for violations of
the provisions of this Act, and re-
pealing with certain reservations,
Sections 2344 to 1855, both inclusive
of the Revised Codes of Montana Of
1921.
BE 1T ENACTED BY THE PEOPLE
Ot' MON1ANA.
Section l. "Person Defined"
The term Person" as used in this
act shall mean and include any indi-
vidual, firm, co-partnership, associa-
ton, joint stock company, common
law company, business trust, syndi-
cate, and corporation.
Section 2. LICENSE Tax. Every
rnr in or N
the business OF working or operating
any mine or mining property in the
State of Montana from which gold,
silver, copper, lead or other metal
or metals, or precious or semi-pre-
cious gems or stones of any kind
shall be mined, extracted or produc-
ed, whether such person shall carry
on such business or engage in such
work or operations as owner, lessee,
trustee, possessOr, receiver, or in any
other capacity, must for the year
1925, and each year thereafter, when
engaged in or carrying on such
business, work or operations, pay 10
the State Treasurer, Tor t.e e.-o..
siVe use and benefit of the State of
Montana, a license tax for engaging
in and carrying on such business,
work or operation in this State, land
shall pay to such State Treasurer
for such annual license the taxes
hereinafter prescribed, provided,
however, that nothing contained in
this act shall be construed as requir-
ing laborers or employees hired or
employed by any person to mine or
to work in or about any mine or min /
ing business or property, to procure /
such license, or to pay such |
license taxes, nor shall any
work required to be done
in prospecting for or locating any
mining claims, or any annual as
sessment work, or work required in .
the obtaining of title to mining pro
perty from the United States, or re-
CURED by the laws of the United |
States or of this State in order to
hold possessory title to any mining
claims, be deemed the engaging in
Or carrying on of the business OF
or operating any such mine
Or mining property.
Section 3. Gross Value of Pro-
Gross Value of Product" as used in
this Act, shall mean the market
value OF all merchantable metals,
precious and semi-precious gems and
stones extracted or produced, each
year from any mine or mining pro-
)erty in the State of Montana or re-
covered from the smelling, milling,
or treatment in any man
Ter of ores extracted from any such
mine or mining property or from
,ailings resulting from the smelling
'eductlon or treatment of any such
)res. That whenever the ores require
reduction, or treatment TO
ascertain the metal contents of such
pres, the gross value of the product
thereof shall be determined by TAX
ing the market value OF all merchant
able metals or mineral products ex-
tracted or recovered thereby, as
shown by the gross smelter returns
of such metals or mineral products in
dollars and cents, without any de-
auctions for costs of smelling, reduc-
ton or treatment. or otherwise,
based upon the average quotations
of the price of such metals, or min
eral products, in the City of New
York, as evidenced by some estab-
lished authority or market report,
such as the Engineering and Mining
Journal of New York City, or other
standard publications, giving the mar
ket reports during the calendar
fear Immediately preceding. Should
there be no quotation covering any
particular product, then State Board
1f Equalization shall fix the value of {
such gross product, or such portion {
thereof in such a manner as may
seem equitable.
Section 4. Amount of Tax. The l
annual License Tax to be paid by
such person engaged in or carrying
IN the business of working or oper- {
ating any mine or mining property ;
N this state from which gold, silver.
copper, lead or any other metal or
metals, precious or semi-precious {
gems or stones are produced. shall ;
3e one dollar, together with an addi- !
-ional sum or amount equal to an ]
amount computed on the gross value (
II product which may have been
derived by such person from such
1uEfuacc xrOrE or Onaro+iou tilt. .