25 CFR §215.16
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
- (a)When the lessee is a corporation, its first application must be accompanied by a sworn statement of its proper officers showing:
- (1)The total number of shares of the capital stock actually issued and, specifically, the amount of cash paid into the treasury on each share sold; or, if paid in property, state kind, quantity, and value of the same paid per share.
- (2)Of the stock sold how much per share remains unpaid and subject to assessment.
- (3)How much cash the company has in its treasury and elsewhere and from what source it was received.
- (4)What property, exclusive of cash, is owned by the company and its value.
- (5)What the total indebtedness of the company is, and, specifically, the nature of its obligations.
- (b)Subsequent applications of the corporation should show briefly the aggregate amounts of assets and liabilities.