Salt Lake Telegram | 1930-10-23 | Page 2 | Utah Apex Sued for $125,000

i UI UTAH APEX SUED fOR Miners Claim Comp Company ny Violated d T Terms erm of OraF Lease Charging ng tho the Utah Apex Alining MinIn company breached an can oral lease agreement land and has made an an estimated estimated esti esti- mated profit of ot Charles and John filed suit t Thursday y in Third district court to recover that amount I Tho The plaintiffs are Bingham min mm- ers Their complaint cites that the they entered Into an an agreement in inOc October October Oc Oc- Oc tober 1928 with lith the the Utah Apex company to le lease se a block lock on thc hc foot 1000 l level ot o ot one of ot the c company's corn com m- m pany's pans mines in Bingham Binsham Terms of ot the purported lease I provided pro the he miners were were tb t re receive receive re- re 70 per cent of pt profits of or ore re taken from from the property and tho the tho company compa was w s to receive re ehe 30 3 per ler cent Shortly after the plaintiffs started to work the they ass assert ed they discovered a slope of ot high grade lead 7 zInc nc silver sU and antl sold gold ore Ole The company was paid its ui pro rata lata of ot the time first shipment of at the ore IJ but t n at tho time time tho the second shipment shipment- was ma made e. e It ItIs Itis Is 15 alleged th the plaintiffs were ousted fl from m tIme the prop property rt whiCh h has been worked ever since bince b by the company compan resulting in removal of ot al an estimated tons of ot pre ore ore valued at 20 20 per tO ton toe The he plaintiffs R. R aie are aie asking th tIme the court to award them a a. Judgment of with ith interest st at S 8 per percent percent percent cent since 15 5 1928