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Show M. H. KERR #1 hold true for the tax commission as well? MK: No, I think not. I think that at that time they had a very knowledgeable individual who had been working with the tax commission and administering under the direction of the Directorate Division--the mining assessments. His name was Horace Higgs, and he was familiar with almost every pot hole in the state. He'd go out in the summertime and take field trips, and he covered the waterfront pretty well, I think, as far as getting the essentials on the books, we were in very good shape. And they either stopped paying their taxes--of course, in Utah, on a mine, if you have ground you don't have to pay the taxes for four years until we got this security provision in our law which they have to put out a time C. D. or cash or some kind of government security, and it's in our hands. And when the taxes come due that all, if they don't pay them, we go ahead and cash his time C.D. and pay the taxes. And if there's anything left over, or any interest, we give it back to them, and then we require them to give us more security. We keep the security two years in advance. They have to post security this year for 1970, or the first of last year, say, January first or as close thereafter as we can implement it. We will have required every 12 |
