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CA 137 Section 70

Section 70

SEC. 70. All applications for mining lease shall be addressed to the Director of Mines, sworn to and shall state, among others: (a) The name and post-office address of the applicant, stating whether he is an individual, his first name and surname both paternal and maternal, his birthplace, age and citizenship, and capital intended for the exploitation of the land, and if it is a corporation or association, stating its complete title and accompanying (1) a certified copy of the deed of partnership, its by-laws and rules; (2) a certified list of the stockholders and partners, with the details above specified insofar as the individual applicants are concerned, the number of shares he possesses and the amount he paid for them; (3) a certified list of its board of directors and executive officers, with the address of their offices and residences; and (4) in case there are foreign stockholders or partners, the total amount of the shares of each one of them in the capital stock. (b) That the application is made for the exclusive benefit of the applicant and not, directly or indirectly, for that of any other person whether natural or juridical who is disqualified to acquire a mining lease under the law.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER VI - Survey and Lease of Mineral Lands →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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