The circle banner. [volume] (Circle, Mont.) 1914-1939, 1924-10-17


than the fifteenth day OF April, IN
sucn year wnen engaged IN or carry
ing on any such business, work or
operation, make out statement OF
the gross value OF product from ali
MINES and mining properties WORKED
or operated by sucn person during
the caIenaar year immediately pre-
cedlng. ouch statement snail De III
the form PRESCRIBED by the state
Board OF kqual1zatIon, anu must be
verltled by the oaJn OF sucn person,
or the mdnageI, supvfilsO.4,i14ts,
agenI, president Ur Y4Ce-l,l So--~.-. -
me corporation, JOINT STOCK or other
company or synulcale not ia.ef .4-..Ii
the nIteentn day Of April. such
statement snaA snow the following:
1. The name and address OF Inc
owner or lessee OF the NINE or MN
ing property.
Z. 1ne description and location of
The NINE or mining property.
). Inc number OF IONS Oh ore or
otner mineral products or deposits
extracted IRON the NINE or mining
property during the period covered
by the statement.
f. 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 lnfor-
nation as the State Board OF Equali-
zaCIon may require.
.. The gross yield of such ores,
mineral products or deposits in con-
sutuents OF commercial value, that
is 10 say, the number of ounces or
gold or silver, pounds OF copper,
lead or zinc, or otner commercially
valuable constituents OF SAID ores OF
mineral proGucLs 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 Mo-
tice of Tax. The State Board of
shall examine each such
statement and return filed and deter
mine and ascertain therefrom, and
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. |
The said Board shall at the same |
ime mail to each person making |
md filing such statement and re-
urn, written notice of the amount
II the license tax to be paid by
ZACH, respectively, that the same is
Iue and payable TO the State Trea-
urer, and that it will become delin-
uent at five o'clock p. m. on the
hirtieth day OF November, lmmeu.
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
we've per centum per annum from
he date the same becomes delinq-
uent until paid. If any such per-
on, has sold or otherwise disposed
1 any OF its mines products at a
rice substantially below the true
larket price OF such product at the
me and place of such sale or dis
osal, then the State Board OF Eqhal-
.auion shall compute the gross value
such portion OF said mines pro-
uct, so sold or disposed OF substan-
tally below the market price as
roresaid, which gross value shall be
ased upon the quotations of the
rice OF such mines product in
lew 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
lg and Mining Journal, of New ..
ork, or some other standard publi-
alton, giving the market reports for
ne year covered by sucn state
lent. Should there be no quota
on covering any particular product,
len the State Board of Equaliza-
on shall fix the value of such gross
roduct, or such portion thereof, as
nall nave been sold or otherwise
iSPOSCA VI at d pllCS SQDSldHNldlAg !
Glow the true market price at the
me and place OF such sale or dispo-
al in such a manner as may seem !
} be equitable.
Section Z. Delinquent Taxes =
enaIty. All license taxes assessed
nder the provisions of this Act
nall 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 GER
fled to the State Treasurer, and :
5 the same become delinquent
enalty Of ten per centum shall be
1ded thereto, and the whole amount
said license tax, with penalty add
|, shall bear interest at the rate of
yelve per centum per annum from
le date OF becoming delinquent 6
ltil paid.
Section 8. Penalty for Failure to
lie Statement. Ii any person
lall fail, refuse or neglect to make
nd file such statement and return
thin the time prescribed, the State :
GARD of Equalization, shall, imme-
lately after such time has expired,
'certain and determine as nearly as r
ay be possible from any returns or E