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wa`u im Tip;,
<br /> 'n
<br /> :.. , ton of marobentable lire Clay removed and shin troy anises•��•d A' , psymeats for vhiah it
<br /> . to be made quarterly on or about the 25th day of January, L;ril, July and October
<br /> Via. .•'. for all acid minerals'resoved during the quarters ayliag December 313t, lbrch 31st,
<br /> June 30th and September 30th, respectively, from the time that mining operations
<br /> shall commence thereon; provided than it the royalty for any year after the first
<br /> .:--„+�°;`• � - of Je=ary A. D. 19 56 , eha11 not emouat to the am of Two Hundred
<br /> .s;
<br /> -
<br /> ,;.�.,,:�. dollars ($200) per year, the Lsaea shall pal Lssor at the
<br /> end of each lease year the smo:.Dt of said deficit, which shall be an advance pay_
<br /> -'" seat Lad be orsdited on subsequent royalties for any year or years when royalty s5i
<br /> exceed said sm or Boas above mentioned. l lsaas year under this Lase aball be
<br /> ai.IT considered as ending December 31ot and the first payment covsriag the -W-m
<br /> - u _ royalty for that proportionate part of the lease year from the date this lease be—
<br /> cases effective until the December 31st folla+ins s#" be made on or about Januac7
<br /> 25th. of the Dent year; and subsequent payments of any aul deficits ahe11 be made
<br /> on or about Jaauar7 25tb of each year and shell equal %he differsuos between the
<br /> royalty for minerals rumved'and shipped during the ;-a•eceding lease year and the
<br /> s� sinlsm ro 1LT: said minimum ro7alt7 shell 1lkevifa be proportioned for a pert of
<br /> 7e
<br /> id;g ➢ 7rae t of royalties shal
<br /> the lease year on termination of this lease. pa MA s vpa�s at tbe•be_¢inning
<br /> of each lease_year-�rather t �x{�ett�he�gndp�' .�q�lele_e
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