General Mining Act of 1872
From Open Energy Information
FORTY-SECOND CONGRESS. Sess. II Ch. 149, 152. 1872 91 fied person: Provided, That all the persons availing themselves of the provisions of this section shall be required to pay, and there shall be collected from them, at the time of making payment for their land, interest on the total amounts paid by them, respectively, at the rate of five per centum per annum, from the date at which they would have been required to make payment under the act of July fifteenth, eighteen hundred and seventy. until the date of payment: Provided further. That the twelfth section of said act of July sixteenth eighteen hundred and seventy, is hereby so amended that the aggregate amount of the proceeds of sale received to the first day of March of each year shall be the amount upon which payment of interest shall be based.