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FEDERAL REGISTER, Tuesday, August 22, 1939

3679

bank on which they are drawn or at other Federal Reserve bank with its en Civilized Tribes, Oklahoma, leasing regu which they are payable, or in its discre dorsement and guaranty of prior en lations for mining which read:
tion may forward them to another agent dorsements.
183.15 Bonds. Lessee shall furnishwith authority to present them for pay 7 Bank drafts received by a Federal ment or send them for collection direct Reserve bank in payment of or in re with each lease, a bond form 5-154b to the bank on which they are drawn or mittance for checks handled under the with personal sureties or with an ac at which they are payable.
terms of this regulation shall likewise ceptable company authorized to act as 3 A Federal Reserve bank may, in its be handled for collection subject to all sole surety. Such bond shall be in discretion and at its option, either di the terms and conditions of this regur amount as follows; For less than 80 acres, $1,000; for 80 acres and less than 120
rectly or through or from an agent, ac lation.
cept in payment of or in remittance for 8 The amount of any check for acres, $1,500; for 120 acres and not more such checks, cash, bank drafts, transfers which payment in actually and finally than 160 acres, $2,000; and for each addi of funds or bank credits, or other forms of collected funds is not received shall be tional 40 acres, or part thereof, above payment or remittance, acceptable to the charged back to the forwarding bank, 160 acres, $500: Provided, That a lessee collecting Federal Reserve bank. The regardless of whether or not the check may file one bond form 5-154u in the Federal Reserve bank shall not be liable itself can be returned. In such event, sum of $15,000, covering all leases of a particular class up to 10,240 acres, to for the failure of the drawee bank or neither the owner or holder of any such which is or may become a party. The any agent to pay or remit for such checks, check, nor the bank which sent such right ishereserved at any time before or nor for any loss resulting from the ac check to the Federal Reserve bank for after approval of the lease to increase the ceptance from the drawee bank or any collection shall have any right of re amount of a bond, above the s um named, collecting agent, in lieu of cash, of any course upon, interest in, or right of pay in any case where the Secretary the other form of payment or remittance ment from, any reserve balance, clear Interior deems it proper to do so. of Bonds authorized herein, nor for the nonpay ing account, deposit account, or other with personal sureties will be accented ment of, or failure to realize upon, any funds of the drawee bank or of any bank only where the sureties deposit collateral, bank draft or other medium of payment to which such checks have been sent with the Commissioner of Indian Affairs, or remittance which may be accepted for collection, in the possession of the equal in value to the full amount of the No draft, bond and consisting of any public debt from the drawee bank or any collecting Federal Reserve bank.
agent.
authorization to charge, or other order, obligation of the United States, guaran 4 Checks received by a Federal Re upon any reserve balance, clearing ac teed as to principal and interest by the count, deposit account, or other funds serve bank which are payable in its own United States, in lieu of other bonds, district will ordinarily be forwarded or of a paying, remitting, or collecting lessees may execute their own surety con presented direct to the banks on which bank in the possession of a Federal Re tracts upon deposit, with the Commis they are drawn, and such banks will be serve bank, issued for the purpose of sioner of Indian Affairs, of Government required to remit or pay therefor at. par settling items handled under the terms bonds, equal in value to the full amount in such one or more of the forms of pay of this regulation will be paid, acted of the bond, as collateral form 5-154a.
ment or remittance authorized under upon, or honored after receipt by such 183.22 Expenditures under leases paragraph 3 hereof as may be accepta Federal Reserve bank of notice of sus other than oil and gas. On all leases pension or closing of such paying, re ble to the Federal Reserve bank.
on deposits of the nature of lodes and 5 Checks received by a Federal Re mitting, or collecting bank.!
veins containing ores of gold, silver, cop 210.6 Other rules and regulationsi per, lead, zinc, or other useful metals, serve bank payable in other districts will Each Federal Reserve bank may also pro ordinarily be forwarded for collection there shall be expended annually in ac to the Federal Reserve bank of the dis mulgate rules not inconsistent with the tual mining operations, development, or trict in which such checks are payable; terms of the law or of this regulation, improvements upon the lands leased, or provided, however, that, where ar governing the sorting, listing, packag for the benefit thereof, a sum which, rangements can be made satisfactory to ing, and transmission of items, and other with the annual rental, shall a m o u n t: to the collecting bank or agent and to the details of its check clearing and collec not less than $5 per acre.
Federal Réserve bank of the district in tion operations. Such rules and regula On all leases for beds of placer gold, which such checks are payable, any such tions shall be set forth by the Federal gypsum, asphaltum, phosphate, iron Reserve banks in their letters of instruc checks may be forwarded for collection ores, or other useful metals other than direct to the bank on which they are tion to their member and nonmember coal, oil, and gas, there shall be ex drawn or at which they are payable, or clearing banks and shall be binding upon pended annually in actual m in in g op may be forwarded for collection to an any member or nonmember clearing bank erations, development, or improvements, other agent with authority to present which sends any check to such Federal upon the lands leased, or for the benefit them for payment direct to the bank on Reserve bank for collection or to any thereof, a sum which, with the annual wjjich they are drawn or at which they other Federal Reserve bank for the ac rental, shall amount to not less than $5
are payable. All such checks shall be count of such Federal Reserve bank for per acre.
handled subject to all the terms and collection.!
On all coal leases, there shall be ex conditions of this regulation.
sea l S . R . C a rpen ter, pended annually in actual mining op erations, development, or improvements, 6 With respect to any check sent Assistant Secretary.
direct by a member or nonmember F . R . D oc. 39-3060; F ile d , A u g u s t 19, 1939; upon the lands leased, or for the benefit thereof, a sum which, with the annual clearing bank in one district to a Federal 10: 36 a. m .
rental, shall amount to not less than $10
Reserve bank in another district, the re per acre.
lationships and the rights and liabilities existing between the member or non Each lessee shall file with the superin TITLE 25INDIANS
member clearing bank, the Federal Re tendent an itemized statement in dupli serve bank of its district and the Federal cate, within 20 days after the close of OFFICE OF INDIAN AFFAIRS
Reserve bank to which the check is sent each year, of the amount and character will be the same, and the relevant pro A m e n d m e n t o f R e g u l a t io n s G o v e r n in g of said expenditures during such year;
t h e L e a s in g o f R e s t r ic t e d L a n d s o f the statement to be certified under oath visions of this regulation will apply, as M e m b e r s o f F iv e C iv il is e d T r ib e s , by the lessee or his agent having per though the member or nonmember O k l a h o m a , f o r M in i n g clearing bank had sent such check to sonal knowledge of the facts contained the Federal Reserve bank of its district therein.
A u g u s t 9, 1939.
with its endorsement and guaranty of Sections 183.15 and 183.22 of Title 25, are amended to read:
prior endorsements and such Federal Chapter 1, Office of Indian Affairs, De 183.15 Bonds. Lessee shall furnish Reserve bank had sent the check to the partment of the Interior, P art 183, Five with each lease, a bond form 5-154b