Sample Mining Leases From The 1930s

.

~-----jJi~ ~.~'~~-----------------------------------------

//

"I

/

THIS aGRBRMENT: Maae a.1 eaetred inti i . tr1~li.at. tkia 26tk da, ef O.te\er,1926.\1 aat \etwee. M.H.»ur'.',A.G.Ge.iw111 Feral UaCa\e,R.\ert S,Bl11ia,s,E.A.Skaw,aai L.V.Reet,ef Me.ave C'.,Ar1z''',the ,arties 'f the first jart,a.' Peter Buol,ef Lee Ve,as.B.~al•• the partie .f the see.a' part.

ilITliESSETR.

WAer.aa the aie~e .amed partie. 'f the first part.M.H.Mur Jhl.a.I A.G.G,.lwlll ~r. the ,waers .f th~8e .ertai. mimi., el. aimB sItuated ,. what is kaow. as St,akt,. Hill,l. the wallapal Ul.ia, Di.tr1.t,Meht~e C.unt7,Ariz0aa,a.' partieular17 ~eseriied as fellewe; I . . .ie K.,Tae Rrl .. e•• ,aai tke Smuc,ler l.de alai.e,a,tiaes ef l.aati.a waere.f are .f re •• rl i. the effi •• ,f the C.uatl_ Re.erier ef 8&il ¥eh.~e Ceuat7; a t as where the .ie~e llama' fIrst partie. Pero7 M.Ca\e,_a ae\ert S.B111i.,B are tae ,w.e~. 'f the.e .ail mi.inl elaima situated ell what i8 k ••••• a St ••kt,. Hill,i. the Walla,.i lU. i., Diatriet,.f ¥.have Ceunt7,Ar1z''',a.' k.... a.' des.r1\" as fell,wa:

-

lU4ERICAli L~:AD NO 1 AK&RIOAB ~ DO.," AKERICAli LEAD NO.' 3

AMERICAN lEAD BO.41~ICAN

lEaD BO.I,AUER CAB lEAD BO.6,AMERICAN LE1l.D NO.'1 • .AlLER CAN li&AD liO.e.AKEltICAI lEAD _.aael • • BEla lRACTIOB.,Netiae •• f 1e.ati.a where.f will \e re.,rled ia the

.ffiae ef the Oeuat, He.erier ef aa1'

K.ha~e

CO.,Arize. . ; a.i

Wkerea. it ia desired \7 the parties herete t. eater i.t, aa a,reement ,r,Tiii., f.r the I,ti ... l sale .f the aieve deseriled minia, elaims; New theref.r. fer a.1 ia e ••aieleratie. ef the premises, ia .ensiier&tien ef the mutual a.~.aaate and acreemeats hereinafter set fertk aDI in .e.silerati •• ef the sum 'f ene dellar pail to saii first ,artiee i7 saii Be •••1 parti;s,the Baii first partie. her.\, ,i~e aal ,raat ~e sail •••••d ,art, the ri8'ht alllel epti •• t. Jurehaae tae a'.~e leseri i"'d mi.i.i Ilaims upe. the felle.ia, term. .,.iitie.e; aBel

a.'

-

That the 8ail ,art, .f tae •••••1 ,art shall er,aaize er .ause t. \e Ir,aaize4 within t~irt7 4a,. tr.m a.I after the date here.f,a eerperati •• erca.ized uader the law8 .f the Stat • • f Ne~ada.aa~i., a oapitalizati •• ef Twe Huadred Thousaa' D.llara, (200,OOO),i1Tiiel lat, TWI K111ie •• ~2.000.000}.harel .f the par ~alue ef Tea C••ts eaeh,a_d whi.h said eerperatie. shall Oemsteok Sil~er Exte.siea Minia, Ce.(er if BUlh &ame is •• t a~ailall.,seme ether auitaile Bame)a.el the oapital ste.k ~ said .erp.r.tie.,when issued,shall ie fully paid aDd .en-assess .\le. Th. said parties .1 the first part alree thnt forthwith upen the e.mpleti ••• f the trcaaizati •• te make,exeoute and deli~er te Baid •• rperati •• cood aad Buffiei.ent deeds,transferrtD, to said •• rperati'. the \'Te cles.rl\ed minia, olaims.

., \.

The said party If the seolnd part shall h&ve the right &nd optie .. toourehase 400,OOO,J'lur Hilldrcd Thoueaaa shs..res there« as telllws;O.' Huadred Thlusaad shares fir $5,000,en or ieflre 90 days frem and after the date herelf,Ol8 Hundred Thousand SA&reS for the sum If $6.000 In er iefore 120 days f.lm aad af ter the date here.f,Oae Hundred Thlusamd shares fir the sum If $7 500 In Ir ietlre six mlnths frlm and after the date hereet, aa! Oae Huadred Thousa.' shares fer the sum af $10,000 en or ie f.re el&ht ml.the fr.m and after the date hereef,the pro.eets therefr •• tl ie distrulauted as f.lllws. A ene eiCth (l/S) pretiln thereet t. eaah ef said parties and a one fGurth (1/4) pertie. there,f tc said seeoad part7ta~ it is :furthera~eed aa4 uaderstlGi. that the iaalanoe 'f said

st •• k,tl-wit;Slx Juadred Thcusaaa saares (600,OOO}skall ie pIl.d aad heli in es.r •• f.r a peri., .f Ine 7era,ualess .therwise dis pleed If i7 the mQtual acreement It the parties heretl.and at the aei of sai4 ,.e year shall ie distriiute. as f.lll.8; ... S••enty Thluaaaaal shares tl K.H.~rpay,SeTeatyti~ Theus aa4 shares tl A.G.G.14will SITe.tyfiTe !hlulaad shares ~I ~er" •• eaie.SITeatyfiTe T.luaaa' shares t'tR •• ert S,Bllli.CS.SeTeair fiTe Theusa.d ahares t. E.A.Shaw.SeTeaty fiTe ~heuaa.d shares tl L.V.Root.aa' Oae Huadred aad ~lfty Theusaa' shares t. pet.r BUll. It is further a,reed aal ualerst ••• that the said party .f the second part shall •••• urre.tl, with the flre,lia, Ipti •• , •• 11 or diapl.. If ~.ur aua4red thousaad Ihares If teA TreaaUV7 st ••k of said oorporatil.,aa f.lllwa; Oae huadred thousand shares •• .r •• fere 6e day8 frlm 11..4 after the date hereof at the rate If fiTe ceats per share,pa7in, lBt. thetreasUIl tf the said ~.rporati.atTWo ~housa.d Dillars I. or .eflre thirt7 4a7. tr.m a.' after the date herelf ant three thlusaad d.llars on Ir ieflre 60 days tria a.d after the date here.f.and aa allitilnal O.e hundred thousand shares 'f aai4 tre28ury st ••k at 8ix .e.ta per share within feur m.ntA trim a.d after the date here.f.aa' aa aliitil. . l laehundred thousand ah ares of the treaaury sto.k at aeve. ani a half eeata a Ihare within six ml.ths trim a.' after the date hereof.aad •• al4iti .aal onehualred thousaa' .har •• If the traalur1 Ito.k at tea co.t a shares withi. eient mlathl tr.m aad after the date hereof,it iei., uaderatl.l aad acree' that sail troasur1 .t••k shall ie a,.14 .hare for ahar. as tlle sail :party .f the se •••d part herei. exer.iaee hia 'ptil. tl pur,hase the property er pr.mlti •• steok herei. iaflre .utli.ed~,r'Tili., h ••eTor,that the first I.ehua Ired thlusalll allares .:r sto.k alll iy 8ail •••••a. party ahall •• fir the .x.l.-iT. iea1fit of the tr~asury If sai4 .Irplrati ••• It ia further acreed aad UBierstled that i« default ie aade la tAl t.raa of tAil acreem••t i, lail aeoo.t ,art, the laid par tiel .t tk. first ~art may termaaate thi' acreome.t ani will ie releaaed thereafter form further •• liratie.a hereuaier,aad the party of the ae •• a4 part ahall •• t ie e.title4 tl further ieni fits .f thia acreemeat,iut .111 .e e.titled tl retai. SU.A stl.k al ma1 haTe iee. take. i, Al. ua4.r thil acreeme.t at the tim • • f sueb tera1.ati •••

-

.~-----------------------------------------------~

-

,i..

It is understood aDd agreed that at the @f the deli~ r7 ef the aa~d deea. t. sai4 .er~.rati.a the said se •• nd part7

Shall cause the r.slcnati •• of all the dire.t.rs .f the said c.rperati •• ,aa4 t. fill t~e Tao ••cies •• creat.d with named a_a desicaated . , 8ai4 first partiel hereia.

Q

Taia acre.meat .hall ext ••d t. aat .iad the heir.tex •• ut era,at.iai.trat.r. a.a assi . . . . f the respe.tiTe partiel h.ret.

Ia Wit•••• wher •• f the parties hereto haTe hereuat. set their haat. all •• the da7 fir.t ai ••• writte •• 1

',.

t.'.,

; '; I..

Il....

i·>tt!A~1&~"··

or ARIZOlU. COUNTY or MOBAVE •••

STATE

tke f.r.,.i., i •• truaeat was aaka••lel,e' ief.re me this 26th 4a, .f O.t.ier,1926,i, K.H.Karpk7,A.G.G•• lwill.P'.7 XaOai •• R.iert S.Billi.'.tK.A.Saa.,L.T.R•• t •••' Peter B.l,th. partie. her.i. meati •• el •

. , ••mai.i •• ez,ir ••• .11117 2.1 1928.

•

'<

day of

this

of Kingmt,m. Arizona desi!!n8t~ I herein ns ti-e lessors and 11r. John A. ThoJrlscn 'of the ai ty of

,I

I

!I

51i

6l i

I

Los Angalt;s. in the st&te of Culifornis. designatelas the' le8see_1

i

'ITi!ESSR'j$ :

W'tfEREAS thn enid Bra. Helen UoCabe 1s the OViner and posHsulr \

of a two (2/3) thirds intGreat. nnd the said

lathe t:wner and

pos~.a"o;

of a One (1/3) third lnterestof

tQ!ML

o3rt~~ln mineral clalu.s and the follo~vlng are correct nnrr<ea.book a~

nwnl)ers, and pages of these mineral eleh.s listed below. orded at Kingmtlll, Arizona in the narnes of 'the 89.1<:1 owners follows:

HA1.u!:

Atwater lent ~\twater

15 II

17 18

19

.trent nwnpar Ono (1)

'Ecto:r

rec-

&8

226 ' 22'1

228

Lying and being in the Cerbat Dlstrlot.

I

Ii

li~i:.iHlCOunty. f

~

'.:i'

in the state of Arizona. County Records of the said llah&ve County in the seid st'il,te' at f.rlzona.

THEREFORE In

oonaide~tlo.u 0,1:

tme t ~'l.OO) Dolltu: 1:11

20

hand ptiid to the ooid le880r8. sad in oonsideration of thf,t lfloney

21

and work already provlded in and upon th" 8&1d olld..llis (Known as

22

-the Champion 1iine' hI the sa Id lessee. the reoeipt of whioh 1s

23 24

he.reby acknowledged. e.n4, in fu.rther oonsideration

25

of the terms

....

t110 respGctive parties to be dcne s.nd

per'f1>rmed.

_

It is here by

27 28

aemise 'uto the lessee tor the pertod of 81x months tu mlDiag

29

80 81 82

--;

aoV'cnllnts and, ccnditlona horeiDafter •• t forth upon tha parte of

_-1. , - - - The lessors de hereby s.nd by these })resents 1.&'''8

26

.

PAGE

'~l'~ 3-~1

Atwater Kent number Two (2) 3-.M

I

16

-'

I

c101ms above desoribed with the purchase prIvllegess

.... ""'.'~~"""

and

hereln-

after set forth. The lea see 18 hereby grnntod tht"l rlght and -,rlYllege

to enter lnto and upon the said above dHseribed priJ1l1a.s

nny part thereof t1nd'to Work and operate the' same

\;

c

"ittiJ

• {i

. ,

B.ndt(t~Jttrt'lot

tberefrom, redUce" uhlP. traat. &:nd sell all orea or values /

1936'~ I

1

2

before i1eptembttr. lOth. 1955 Md. oontUlUtt du.rlngthellte of

3

tbls le688

4

i:a

5

roads. m111. or other work. '120 shifts or deye (shift me8ll1ng

i.:>nd ~!~ament.

tixpltn.~tiQn

al14

~l•

and the lessee etI:l.all work and emf/loy

.,elopment in

minl.n~ 01'

on eonstraotion of

6

7

than 240 shifts In arq four months abull bn termed a breaoh of

8

oontraot. unleS'1 \'Il"ltten permission 1s grante4 b1 the lessors for I

9

r \

11

this

lea~le and

agreoL"t&nt to

opor~:. te saId olaims

in good, wo:r~

I

12 13 14

15

nt all times. jl

prO"~1i.te8 oovonants stHt&,;oonts or all ores ll-lnod

::>. The leasee furthe:r

~ke

80cuate

and

that 00 w11i'

8gretJS

I

end sold f%'om SQ1d

I

O»idn-I

16

l?:rOPOl~j

17

ioe the $ald mine as the7 mal d.Diro to to to do.

18

of the sale of orea and valas 80 extracted and Ia87 be f'owl<.l 1n

19

ru\d apCtnti1e au if!, pr1mi80s the lensee sht:.ll pay to tho said

20

01"a ten (lO;~) peJ'Oon"t .. and for oree or (Jonoentra:tes oontnl111nP;

21

vulus of 'or't3

22

p::q to tbJ) $.ilIa lesloH)J:o fifteen (].5/~) percent. on the tenth (loth

23

of e84h tmd

24 25

26 27

28 29

30

31 32

iOOnthl.y;

:ili.d -:(.'111

'~.CG)

8V83:7

p(J:r~lt

I

tilo les;lors to enter ur.d

Dollars or

month for oree

ov~r

~U'id

From end oat

por tor.!. the

le8SD~

I

le~

sh&lli

Yulusa _ttled for dnr1n\.".

pre'YioWl month. ftlr111sh1ng the lessors duplicate copies of all

smelter or sales retuJ"u.

If payment

~ .... ~ the ..."

Se'Nftlt:r ($90.oo) Doll. . oa~u"_.1iiIIIiI

0"

Clst.} d83u of Oo!iober. :iovember shall

DOt

~

UllOA

said returns aball net

Deoember. 1936 this

p~nt

be leas thnn this atn01Ult. Hnd she.ll not be lese tIuln

One hu.Dtlred ('::'100.001 .1)011&1'8 per month for tho months of Ja;DD.lUJW\....~

1ebrnary. Unroh and ahall

app~

f~rU.

1956 all pt:c:lfD&nts

e,,8 t:l.nd

when rondo

on the pucmase price and ah&ll no't 'be additional.

thereto. 6. The les:'fJrs herob3

~1.,e8 and~ants

unto the enid leruaee.

hie heirs. ed.m1nletratora. _.OGtors. successors. and

,~18s1gnD

t .~

I

/~----r;\\----------~-,,~~

'\\,

I ri~

~: p~~~:,'~o

the

ab;;~rl~~o~lb~~ m1neral Clf\t~at

081(1.

II

1 ['II t1iJ'i'3 w1thin the 11fe of 818 leana t'n(l 2

f".,~/H)mr:mt

for the

Thirteon thouennd (~13.600.00) five hund.red - fol1cra. the 961a

3 purohase prIce to be on thtJ !

f.ollow1.n~ tl)tt.iS

~

I

4 ' Or.e thollso.ne L,lOCC.OO) I:011aTs lena

~illd

due

" 1

i

1

and oonditione:

and all p n 1ClGnts m..~d..

Jr',il!1

p~nt to.

5 Y'revlolU1 under thin 1,,0."" ,!Ill a:;l'"ment. said first 6

"-

I

1 1 ,

I!

...

!

i

a'Ilm \0£

P03able on or before the first dq of

,;,~.

be

1936 sr..d the

I

\ i

I,

7 'balsnc:Mt o~ the ae.14 pttl"OhaM prloe ...11 '" Pl.VBble ill sums 8

~o (~:20v.OO)

9

,~ugust. llcllnre

September Emd Ooto'bel'. 19Z6

DO.

~ntl

fifteen hua1.n4

tho first

<'1&78

Two

1're.otlon thereof.

ell;;'

14 by

se1'!~l1ng

16 ttlG first

C~l500.00)1

of ;'prll. OM ;;ov..Clber. 10.

~aoh 6Ild "vo~ 8auene4.orj

,

The lessce sh8l.1 oxerolse the sa1d plU"iibaoo

wrItten notIce of such Intention to purohase to tho

knOl'!fl mnS.ll11~:~

15 lU.1t

I

thousand (~,2OOC.. O\t~ \~,~

12 year Wltll tho paro.hnse pr10e he.a bean fUll:\' pa14 aJl4

13

\

Dolln.ra per ttonth tor the months of elane. Jul;/,.

T;oI1~,r8 on t,Tovember first (1;;;t.) 1936 and : : ji

('If

p~nt

tMldress of the saId Ieasors Gad

. on the

condljJloDe above

b~

~1one4;

kndcriw:, aU pt\YlllOnta

17 shall (~ppl1' on the p1U"Obt~ prioe tltld not be adClltl..al-tliii",to.

18 19 tU'lEt during the I1fe of thIs lease f'_nil t1~ef~nt ~1 'fttrnt9h.

20 ol(:nr' deed.s end all neoessary t1tle dOClU".IG,uta to "be

oY.eCU.~d [irKl

21 plao(t(l 1n eeaorow pend.lng f1nel pn,yrnent of 88.1,1 P1l1!Oha8e.

TlLle shall be the essen08 of this agZ'eofllGnt. and lesse.

22

23 and upon vlolatlcn of ~ of the condItIons

B8

above w:.:'ltten ~.o

~

Bu1d 18£8orfJ shall deole.1"e tIlis 106M nnd B.~m.~lt null and~y

24

,

25 by giVing sixty {(0)d~" redemptIon and B'J."&Oft ~rloa to the h 26 leasee. hls liei:rs Wl(l asalsna

f.~fttlr

whlob tlm8 the 8814 1.8801'8 • _ _ _ .<_~

__...~,!.',;4,.

27 l'eenter again 1n. fulll)Ossfhmion of 1.he said propert;r proYld44.

that said agroemont 18 not oomplied .."Ith

28

29 I Ie ~(») !~~~ 30 I[ I.', " liOu,,.....;;" I

31 i

s~

tbe 8814

l1" "('1· .n,i:'J'-''1.;'':

si3llOd their

1",to"" 321

wI~hlll

l'U&T;X?S

f:.ml set their n!-'nde HYl.tl stlnl. titn drY an(i yenr

wrltton. ~ _ _ _ _ _ -,f

_ _ _ _

_ _...... _ _ _ • _ _•_ _.. _ , . , .....

_

""""""

-"'"

I'

..__--------------- -

_.......

_-,_.

--..... -.-.

.

/"

I

,.

Ii II

-

. ..:

I

II

IIII 111II

THIS AGREE.isiliNT, and Lease,

made and entered into

1935 by and between Mrs. Helen day of 2 I this II IdoCabe Li.r. Peroy LIoCabe of 6721 Imperial Avenae, San Diego,

311

California and lIr. Peter S. Noli, of Kingman, Arizona designated

4

herein as the lessors and kr. John A. Thomson of the City of

5

Los Angeles, in the State of California designated as the lessee_I

6

IHTNblSSETH:

7

wlIEREAS the said. LIrs. Helen IvLcCabe is the owner and. possessor

8

of a two (2/3) thirds interest, and the said Mr. Peter S. Noli,

9

is tho owner Dnd possessor of a One (1/3) third interest of -these!

10

,I ,I

11

I

I

numbers, and pages of these mineral olaims listed below t as reco-!

I

rded at Kingm.m, Aurizona in the names of the said owners as . PAGE follows: NAl..lE BOOK 226 Atwater Kent 3-M Atwater Kent number 1.3- I'd 227 Atwater Kent number 2.3- 1,1 228

12 ::

13

oertain mineral claims and. the following are oorreot names, book

14 15 16

;1

17

I

i

r,ying and beinE',' in the Cerbat - Distriot. Mahave County,! in the state of Arizona.

The above books and pages refer to the

18

County Records of the said Mahave County in the said state of

19

Arizona. Therefore in consideration One

20

work already pro\lided in and upon the said claims (Known.as the

22

Champion 11.ine) by the said lessee, the receipt of which is here-

23

by acknowledged, and in the further consideration of the

24

te~ms

I

i

covenants and conditions hereinafter set forth upon the parts ofl

!

I,

26/ 27

Dollar in hand

paid to the said lessors, and in consideration of the money and

21

25

(~l.OO)

!

the respective parties to be done and performed. agreed: 1.

It is hereby

The lessors do hereby and by these presents lease

28

and demise unto the lessee for the plJriod of six months the

29

mining claims above described with the purchase privilege as

30

hereinafter set forth.

;31 32

2.

The lessee is hereby granted the right and privilege

to enter into and upon the said above described. primises and. any part thereof and to work and operate the same and to extract therefrom, reduce, shiP. treat, and sell all oreS or values

1l

1

Page 2. Agree.

.i,icCabe - Noli - Thomson as of

1935

found in or upon or contained in the said claims. 3.

It is understood and agreed that work will begin on or

before September, lOth, 1935 and continue during the life of this lease and agreement, and the lessee shall work and employ in exploration and development in mining or on construction of

5:1

roads, mill, or otherwork, 720 shifts or days (shift meaning

6

one man for one day) work per year, and failure to operate fewer

,I

71

than 240 shifts in any four months shall be termed a breaoh of

81 oontraot, unless written permission is granted by the lessors !

for such lesser amount of work.

9,'1 1,1

10

4.

The lessee promises and agrees that during the life of

11

this lease and agreement to operate said claims in good work-

12

manlike manner and to comply with the laws of the State of

13

Arizona at all times.

14

5.

15

The lessee further promises covenunts and agrees that

he will make accurate statements of all ores mined and sold

16

1

from said property monthly;

amI will permit the lessors to

17,ii enter and examine the said mine, as they may desire so to do.

18

From and out of the sale of ores and values so extracted and

19 :: may be found in and upon the said primises the lessee shall pay

(lO/~)

20

to the said Ie ssors ten

21

tes containing values of

22

pay to the said lessors fifteen (15~) percent, on the 10th, of

~

,

percent t and for ores or oonoentra-!

40.00 or over per ton the lessee shalli

23; each and every month for ores and values sett1ed.- for during the

24

I

previous month, furnishing the lessors duplicate copies of all

25

smelter or sales returns.

26

1

27

I

I

If payment upon said returns shall not

equal or exceed the sum of Seventy (~70.00) Dollars on~the---f±Tst

I

(1st) days of Ootober, November and December, 1935 this payment 28 29 30

31 32

shall not be less than this amount, and shall not be less than One hundred

($lOO.OO)Dollars per month for the ITlonths of January

Harch and April, 1936

all payments as and when made shall apply

on the purchase price and shall not be additional thereto • 6.

The lessors hereby gives and f,rants unto the said lessee,

his heirs, a.dministra.tors, exeoutors, successors, and assigns the right to purchase the saiel above described mineral clai:c.lS at

~ r-. / .

j

I

I(

I.

e

~- I Page 3. Agree. lIcCabe - Noli - Thomson as of 1935 time within the life of this lease and agreement for the sum of II

1 ii

Thirteen thousand

2!

five hundred Dollars, the said

purchase price to be on the following terms and conditions:

3

Ome thousand

4

(,;~lOOO.OO)

under this lease

5

8~nd

Dollars less any and all payments made

agreement, said first payment to be due and

payable on or before the first day of May, 1936 ·a:nd the balance

6

of the said purchase price shall be payable in

7

BUlliS

of

~200.00

Dollars per month for the months of June, July, August, Septembe

8

and October, 1936 and fifteen hundred

9

(~1500.00)

Dollars on

November first (1st) 1936 and fifteen hundred Dollars on the

10

first days of April, and november, in eaoh and every year until

11

the full purchase price has been fully paid and satisfied, or

12

!

any fraction thereof.

13

The lessee shall exeTcise the said purch-

ase by sending written notice of such intention to purchase to

14

.

the last known mailing address of the said lessors and by tender-

15

ing the first payruent on the conditions above mentioned;

16

payments shall apply on the purchase price and not

17

7.

19

all

I'

i \

..

aclditionoJ.._._~

The Ie ssors on demand of· the said lessee in writing at any

time during the life of this lease and agreement shall furnish

20

I

I

I

thereto.

18

21

(~13t500.00)

clear deeds and all necessary title documents to be executed i

22 23

24 25 26

27

28 29

30 IN ':lITNBS:::i './EEIiliOF: the Ie ssors and the said. Ie SGee have hereunto signed their names and set their hands and seal, year above writte.

\ I

_;

,--.,