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 Power Dam at Mammoth Spring, Arkansas. Remmel Dam Hydro-Electric Plant, Hot Spring County. Power Dam on Spring River near Mammoth Spring, Arkansas.. PAGE 8 31 32 33 INDEX-Continued Mine of the American Bauxite Company, Bauxite, Arkansas.. Crushing and Drying Plant of the American Bauxite Company, Bauxite, Ark.. PAGE 71 72 88 90 98 105 110 125 149 155 173 179 204 233 248 157 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. Map of Southeastern States Showing Physiographic Divisions and Uplifts. Chart Showing Value of Arkansas Mineral Products since 1900. Chart Showing Production of Bauxite in Arkansas, 1900 to 1925. 75. Map of Marble Region in Arkansas.... 84 Map Showing Location of Limestone and Dolomite Deposits in Arkansas. Chart Showing General Cross Section from Northern Pike County to Smackover. 187 192 Chart Showing Daily Average Petroleum Production in Arkansas. 198 Chart Showing Daily Average Petroleum Production in Smackover Field.. 202 Chart Showing Daily Average Petroleum Production in Lisbon, Stephens, Irma and 206 Map of Gas Fields of Western Arkansas. 219 Chart Showing Price and Production of Natural Gas in Arkansas. 221 240 Chart Showing Price, Range and Production of Metallic Lead in Arkansas. 259 260 262. Inserts Chart Showing Geological Formations in Arkansas following page. Colored Geologic Map of Arkansas in Back of Book. 24 |