Mining Laws, 1907; With Amendments and Laws Added to 1907, Inclusive

Mining Laws, 1907; With Amendments and Laws Added to 1907, Inclusive

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1907 edition. Excerpt: ...reasonable attorney fees, and such purchaser or purchasers or intending purchaser or purchasers shall not be bound by anything therein contained. Purchaser of Ore Responsible to Real Owner. SEO. 5. Any purchaser of ore or ores, who or which shall have received the notice herein provided for, and followed or preceded by the commencement of an action, as herein set forth, who shall purchase or continue to purchase and receive ores taken from the mine, mines, mining claim, claims or premises named therein, shall be liable and responsible for the value thereof to the person, copartnership, association or corporation who or which shall be ultimately adjudged or decreed to be the owner or entitled to the possession thereof. TAX ON PROCEEDS OF MINES. Statutes 1891, p. 162. How Assessed. SECTION 1. All proceeds of mines, including ores, tailings, borax, soda and mineral-bearing material, of whatever character, shall be assessed for purposes of taxation, for State and county purposes, quarterly, in the manner following: From the gross yield returned, or value of all ores, tailings, borax, soda or mineral-bearing material, of whatever character, there shall be deducted the actual cost of extracting said ores or mineral from the mine; the actual costs of saving said tailings; the actual cost of transportation to the place of reduction or sale, and the actual cost of reduction or sale; and the remainder shall be deemed the net proceeds, and shall be assessed and taxed at the same rate ad valorem as other property is taxed, as provided in this Act; provided, that there shall be no allowance made for expenses incurred prior to the quarter for which the assessment is made, excepting tailings and mines producing not more than one ton of ore more

Product details

  • Paperback | 32 pages
  • 189 x 246 x 2mm | 77g
  • United States
  • English
  • black & white illustrations
  • 1236844009
  • 9781236844002