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the lessor's credit in the...

.Bank at.

.or

its successors, which shall continue as the depository regardless of the changes in ownership of said land, the sum of..... .Dollars, said sum being an advance royalty to be later deducted from the first royalty due lessor after actual operations begin, and said advance of royalty shall operate as a rental and cover the privilege of deferring the commencement of the plant for twelve months from said date. In like manner, and upon like payments or tenders, the commencement of the plant may be further deferred for like periods of the same number of months successively, such advances of royalty acting in each instance as an extension of one year of the time in which production of coal may begin. And it is understood and agreed that the consideration first recited herein, the down payment, covers not only the privileges granted to the date when said first rental is payable as aforesaid, but also the lessee's option of extending that period as aforesaid, and any and all other rights conferred.

If said lessor owns a less interest in the above described land than the entire and undivided fee simple estate therein, then the royalty and rentals herein provided shall be paid the lessor only in the proportion which his interest bears to the whole and undivided fee.

Lessee shall have the right to use, free of cost, coal and water produced on said land for its operations thereon, except water from wells of lessor.

Lessee shall have the right at all times to remove all machinery, buildings and fixtures placed on said premises.

It is understood that the covenants hereof shall extend to the heirs, executors, administrators, successors or assigns of the parties hereto.

Lessor hereby warrants and agrees to defend the title to the lands herein described, and agrees that the lessee shall have the right at any time to redeem for lessor, by payment, any mortgage, taxes or other liens on the above described lands, in the event of default of payment by lessor, and be subrogated to the rights of the holder thereof.

Lessor hereby extends to the lessee the privilege of buying the above described lands, in fee simple, at.. ..Dollars per acre at any time during the life of this lease, and, upon his tendering this amount, to furnish a good and sufficient title and abstract and give a warranty deed to same.

IN TESTIMONY WHEREOF we sign this the..

day of............, 192......

MINING LEASE-METALLIC MINERALS

THIS INDENTURE, Made and entered into on this, the.. of.... 19., by and between......... hereinafter known as the Lessors, and.. hereinafter known as the Lessee.

..day

WITNESSETH: That the Lessors, in consideration of the agreements and undertakings, hereinafter named, to be kept and performed by the Lessee, his successors and assigns, the Lessors do by these presents demise and lease unto the Lessee, his successors and assigns, for all mining purposes, the following described land situated in. .County,

State of Arkansas, to-wit:.

I. Exploration and development of mineral deposits on said land and the commercial mining of the same for purposes of sale thereof to the mutual profit of the parties hereto, being the essence of this contract, it is therefore agreed and understood that the Lessee shall commence the work of mining on said land not later than.. ; and shall diligently carry on such work in a thorough and mining-like manner; and shall install such equipment as may be deemed practicable in furthering said work; and shall not suspend work more than thirty days at any time without the written consent of the Lessors; PROVIDED that if, by reason of low price or other unavoidable cause, the ore mined on said land cannot be sold at a margin of profit to the Lessee, then production of ore thereon may be suspended until such cause shall cease to exist.

II. The Lessee shall pay to the Lessor.. per centum of the gross receipts from sales of all ores mined on said land when same are sold; and shall keep a correct account of the same, showing the grades of ore and weights thereof, to whom sold and the price received, which record of account shall be open to inspection of the Lessor; and shall render to the Lessor a true statement and copy of settlement sheet of each consignment of ore sold; and shall pay to the Lessor, or agent, all royalty due on each sale of ore, within five days after payment is made for same by purchaser thereof.

III. The Lessors shall be furnished with a true record of all prospect drill holes, as same may be made on said land.

IV. The Lessee shall have the right to use timber on said land for mine supports, cribbing, derricks, and tramways; and to construct roads, tramways, cables, dams, flumes, pipe lines, and reservoirs on and across said land for purposes of mining and treating the ores thereon, together with all water rights.

V. The Lessee shall have the right to erect buildings of whatsoever kind and to install machinery, suitable for the proper mining, crushing and cleaning of ores mined thereon; and shall have the right to remove same at the expiration or forfeiture of this lease.

VI. As compensation for any loss of time from work on said land that may occur, the Lessee shall pay all taxes charged against said land by the County and State and thereafter coming due during the term of this lease.

VII. Any failure or refusal to comply with the stipulations of this lease shall constitute sufficient grounds for peremptory cancellation and forfeiture of this lease, within thirty days.

VIII. Subject to the foregoing stipulations, this lease shall be in force and effect for a term of TEN years from date hereof; and the same shall continue in force for an additional period of TEN years, provided that mining operations and the production of ore therein are then being carried on by the Lessee, his successors and assigns.

IN WITNESS WHEREOF, We hereunto set our hands and seals on the date first above written.

(SEAL) (SEAL)

Lessee

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Power Dam at Mammoth Spring, Arkansas.

Remmel Dam Hydro-Electric Plant, Hot Spring County.

Power Dam on Spring River near Mammoth Spring, Arkansas.

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31

32

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INDEX-Continued

Mine of the American Bauxite Company, Bauxite, Arkansas.

Crushing and Drying Plant of the American Bauxite Company, Bauxite, Ark..
Chalk Outcrop near Foreman, Arkansas..

Strip Coal Deposit in Western Arkansas..

Chalk Cliffs at White Cliffs, Arkansas...

Clay Pit, Acme Brick Company, Perla, Arkansas..

Spadra Creek Coal Company's Needmore Mine, Spadra, Arkansas.

Quarries of Ozark White Lime Company at Johnson, Arkansas.

Batesville White Lime Company's Quarry, Batesville, Arkansas.

Washing Plant, Arkansas Diamond Corporation..

Manganese Mine, Independence County.

Novaculite Quarry in Pike County, Arkansas..

Murphy Crater, Smackover, Arkansas.

Gravel Bed in Saline County, Arkansas.

McIntosh Zinc Mine, Rush Creek District..

Miller and Rinehart Concentrating Plant (Manganese) Batesville-Cushman District..

Maps and Charts

Chart Showing Annual Value of Economic Products in Arkansas.

Organization Chart of Arkansas State Geogical Survey.

State Tax Receipts from Mineral Development......

Map of Arkansas. Showing Physiographic Divisions..

Map of Southeastern States Showing Physiographic Divisions and Uplifts..
Map of Arkansas Showing Topographic Surveys..

Map of Arkansas Showing Geologic Divisions.

Map Showing Rock Folds in Western Arkansas.
Chart Showing Cross Sections of Arkansas..
Map Showing Geological Surveys in Arkansas...

Map Showing Soil Surveys in Arkansas.

Map of Arkansas Showing Guaging Stations.

Map of Arkansas Showing the Principal Mineral Resources.

Chart Showing Value of Arkansas Mineral Products since 1900.

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125

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155

173

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204

233

248

157

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22

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38-39

40

Chart Showing Value of Minerals Produced in Arkansas in 1924.

[blocks in formation]

Chart Showing Production of Bauxite in Arkansas, 1900 to 1925.

76

Map of Marble Region in Arkansas..

84

Map Showing Location of Limestone and Dolomite Deposits in Arkansas.
Map of Chalk Region in Arkansas..

[blocks in formation]

Chart Showing General Cross Section from Northern Pike County to Smackover.
Map of Southern Arkansas Oil and Gas Fields..

187

192

Chart Showing Daily Average Petroleum Production in Arkansas.

198

Chart Showing Daily Average Petroleum Production in Smackover Field.
Chart Showing Daily Average Petroleum Production in Lisbon, Stephens, Irma and
El Dorado Fields.

202

206

Map of Gas Fields of Western Arkansas.

219

Chart Showing Price and Production of Natural Gas in Arkansas.
Map Showing Slate and Novaculite area in Arkansas.

221

240

Chart Showing Price, Range and Production of Metallic Lead in Arkansas.
Chart Showing Price Range and Production of Metallic Zinc in Arkansas..
Map of Zinc and Lead Region in Arkansas...

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262

Inserts

Chart Showing Geological Formations in Arkansas following page.

Colored Geologic Map of Arkansas in Back of Book.

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