27-30, enacted April 9, 1866, was the first United States federal law to define US citizenship and affirm that all citizens are equally protected by the law. It was mainly intended to protect the civil rights of Africans born in or brought to America, in the wake of the American Civil War.This legislation was enacted by Congress in 1865 but vetoed by President Andrew Johnson. In April 1866 Congress again passed the bill.he activities of insurgent groups such as the Ku Klux Klan (KKK) undermined the act; and it failed to immediately secure the civil rights of African Americans. Since 1866 it has been illegal in the U.S. to discriminate in jobs and housing on the basis of race.
For example, a company might pay $500 a month in interest on a business loan while earning $45 in interest in the same time period in a business savings account.The total amount of net interest expense for that month would be $455. The net interest expense was a key metric to analyze as the company lends money as well as leveraging itself.
The easiest way to explain it is this: In every business there are expenses and there is income. The working interest is ownership of the expenses. Thus, if you own 50% working interest; it means you must pay 50% of the bills that are due for that lease. So if you own 10% working interest, you pay 10% of all bills.