The times. [volume] (Richmond, Va.) 1890-1903, 1890-02-11
FEES FOR CHARTERS.
An Important Act Becomes a Fact by
Governor McI<inney's Approval.


Governor Mckinney approved yesterday
the following act. which is Of so much impOf-
lance. that it is published in full. BY il
from date payment Of fees is required Tor
all charters hereafter granted by Circuit or
Corporation Courts or the judges thereof, or
passed by the General Assembly.
The fees are TO be paid 10 the Auditor Of
Public Accounts. certified by him 20 the
Secretary Of the Commonwealth and the
Keeper Of the Rolls respectively. Here is
the act
BE It enacted by the General Assembly Of
Virginia, That every charter of incOrpora-
ton hereafter granted under the PROVISIONS
Of section eleven hundred and forty -fNe OF
the Code of Virginia. and every act OF incor-
pOratiOn hereafter passed 10y the General As
sembly shah be. and continue 10 be, wholly
imperative and inchectual Tor any ana an
purposes whatever until the payment OF a
fee. TO be ascertained as follows For COM
pany whose maximum capital stock Is nNc
thousand dollars or under. nNe dollars !. n a
company whose maximum caplHl sloch IS
over five thousand dollars and not 70 exceed
ten thousand dollars. ten dollars; over ten
Thousand dollars and rot TO exceed twenty
I'VE thousand dollars, fifteen dollars;
over twenty-five thousand dollars and
not TO exceed fifty thousand dol
lars. twenty-five dollars; over nifty
thousand dollars ami not TO exceed
one hundred thousand dollars, forty dollars;
10 exceed three hundred thousand dollars.
sixty five dollars, over three hundred thou
sand dollars and not 10 exceed i've hundred
thousand dollars. ninety dollars; over nNc
hundred thousand dollars ara not 10 exceed
eight hundred thousand dollars, one hundred
and fifteen dollars, over eight hundred thou
sand dollars and not 10 exceed one million
dollars, one hundred ana my dollars; over
one million dollars, two hundred dollars. For
an Increase OF capital stock the same proper
tiOnate charge for such Increase shall be
made: provided, however, that building asSO
Citations shall pay twenty-five dollars for eat b
certificate OF incorporation filed or chafter
granted, and five dollars for every increase
OF capital stock: provided, however. In case Of
companies formed for religious. benevolent.
or literary purposes, orsuch companiesas are
not Organized for profit or having no capital
stock these fees shall not apply; but a fee OF
two dollars shall IN such cases be charged.
Mutual insurance companies and such other
mutual companies not organized strictly for
benevolent or charitable purposes shall pay
fee OF twenty-five dollsrs.
, such fee shall be paid into the State
treasury, ana the fact OF payment shall. iu
case the charter was granted under the pro-
visions OF section / .li0 of The Code of Nlr-
glnia, be certified by the Auditor Of Public
Accounts 10 the Secretary Of the Common
wealth, and the fact OF payment. In case the
act OF incorporation was passed By the Legis-
lature. shah be certified by the Auditor OF
Public Accounts 10 the keeper Of the rolls.
3. Until the fact OF pigment Is thus ccrti-
ned 10 the Secretary Of the Commonwealth
he shall not record the articles Of incorpora-
ton. and until the fact OF payment is thus
certified 10 the keeper OF the rolls he sh m
not furnish copy OF the act Of incorpOR-
tiOn.
4. Any company organized under the laws
ola jurisdiction beyond this state and pro-
losing hereafter TO transact business In this
state shall pay INTO the treasury fee 10 be
fixed and ascertained I'm the manner provided
by section A. and until the fact OF payment Is
certified by the Auditor 10 the secretary or
the Commonwealth, the charter or articles OF
Incorporation OF the company shall not be
niei ga the Office OF the Secretary OF the Com
mOnwealth, and the company shall have no
right 10 transact business or conduct opera
tons Of any character In this state.
D. This act shall be In force from It's passage.