The Bozeman courier. (Bozeman, Mont.) 1919-1954, 1924-05-28

by Such person during h calendar
year Immediately preceding. Such
statement shall be in the form pre-
scrlbed by the state board of equaliza-
ton, and must be verified by the oath
Of such person, or the manager,
superintendent, agent, president or
vice president of the corporation, join.
stock or other company or syndicate
and must be delivered to the state
board of equalization not later than
the fifteenth day of April. Such
statement shall show the following:
l. 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.
3. The number of tons of ore or
other mineral products of deposits x
tracted from the mine or mining prop
erty 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
the statement and such other infor-
nation as the state board of equaliza-
ton 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, measured by
standard units or measurements dur
ing the period covered by the state
ment.
6. The gross value of product in
dollars and cents.
J Section g.. Computation and Notice
r of Tax. The state board of equaliza-
ton shall examine each such state
l ment and return filed and determine
and ascertain therefrom, and com
! pute and assess the amount of the
license tax to be paid by the person
v 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 tbs
payment of license taxes under tbs
. provisions of this Act, the amount
thereof to be paid by such person
The said board shall at the same TIM
mail to each person making and nj
ing such statement and return, a writ
ten notice of the amount of the tic
ense tax to be paid by each, respect
: lively, that the same is due and pay
able to the state treasurer, and ina
it will become delinquent at nv
! o'clock p. m. on the thirtieth day o
November, Immediately following an
that if the same becomes dellnquen
a penalty Of ten per centum VIII 0
added thereto, and that the whol
amount of such license tax, with pen
:, altv added, will bear interest at Tn
rate of twelve per centum per annur
from the date the same becomes de
i linquent until paid. If any such pei
son. has sold or otherwise dispose
of anv of it's mines products at
> price substantially below the tru
~ market price of such product at IN
10 time and place of such sale or Oh
!. posal. then the state board OF equa
ization shall compute the gross vai'
of such portion of said mines pros
IA uct, so sold or disposed of substanV
q. ally below the market price as aIor
said. which gross value shall be oase
unon the quotations of the price
such mines product in New 70,
~ CIV. at the time such portion OF u
rroduct was so sold or otherwise oil
posed Of as evidenced by some e
d. tablished authority or market repoi
oh such as the Engineering and MiIni
Journal, of New York, or some ON
he standard publication, giving the mo
On ket reports for the year covered
he such statement. Should there be
nv quotation covering any par'icui
ate product, then the state board
.ad equalization shall fix the value
such gross product, or such por''
les thereof, as shall have been sold
to- otherwise disposed of at a price 81
or stantially below the true market pr
ted at the time and place of such sale
ich disposal in such a manner as III
Or soonn 70 he equitable.