The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-05-17
The Amendatory Bill Signed by the
Governor.
PUNISHMENT FOR VIOLATIONS
Charters ana Permits OF obstrcpcs-
fcitcd If They Fail to Comply.


State OF Texas:
Section /. That articles 52lSi and 52iSj
and 52iSk OF an act entitled An act 10
amend articles 52iSe, 52iSi. 52;3i and j2iSk
OF chapter 2, title l0i. OF the Revised Civil
Statutes. relating TO the taxation OF ~
snranee, telephone. sleeping ana dining car
and other corporations, and to provide
for FORGETTING the charters OF domestic
corporations and permits OF roroign cor
porations TO do business in this state for
failure to pay the franchise tax levied by
this act, and TO define and prescribe the
notice TO DO given to said corporations
previous TO such forfeiture, and 20 .ro-
VIA. adequate penalties for violation Of
this act passed at the present session
and approved April 80 1871, b. and the
Same is hereby amended 60 as hereafter
10 read as follows;
Article 52i3i Each and every private 60
nestle corporation heretofore chartered
under the laws of this State shall iay 10
the secretary of State an annual franchise
tax OF $40 on or before the first day oi
/ Aiay OF each year. and ever! such cor
poratiou which shall be horaiter char
tered under the laws Of this State shall
also pay 10 the secretary Of state an an
nual franchise tax Of $40 tho lax for The
first year to be paid at the time such
+ charter is filed, and the secretary Of State
shall not be required or permitted 10 file
such charter until such tax j. paid. and
each succeeding tax shall he pad Oh or
before the first day Of May OF each year
/ thereafter, provided, that any such cor
/ poration having an authorized capital
stock OF over $50. 900 and less than 100000
! shall pay an annual franchise tax of 50.
and every such corporation having an au-
thorized capital stock OF $lQ0.on and les.
/ than 100000 shall pay an annual fran
! chsc tax OF $50, and every such corpora
ton having an authorized capital stock OF
| $500 600 or more shall pay an annual fran
| chsc tax of $50. Each and every foreign
corporation heretofore authorized to do
business In this State under inc laws Of
this State shall. on or before the first
day of May of each year. and each and
every such corporation which shall here
after be SO authorized, and on or before the
FIRST day Of May Of each year thereafter,
| pay to the secretary OF State tho follow
ing franchise tax: Every such corporation
having an authorized capital stock OF
So 900 or less an annual franc lisc lax OF
so; every such corporation hatins nm M
thorized capital stock OF more than S25.-
200 and not exceeding 100000 an annual
franchise tax OF 500, every suru corpora
ton having an authorized capital stock Of
over 100000 and annual franchise tax n
$100, and in addition thorelo AN annual
tborized conital stoc,, over and ,hove sloo
loo and NOT rxrsedinq n 0o0 oo0 onI 4.
lsuch authorized cnni3al stoct oxcaads
a OOo ono mon such cnrr,,rs.ton ,hnI, INV
a stul further nddit,nonj tov Of sI for
loverv sloo ooo oTrr nnG ohoyc q, ono oDo
ANY corporation. either domestic ar Tor.
eirn which shall mi 10 nav The tax mo.
vided for In this article at the time speci-
ned herein shall be,ouqn ~ such failure
forfeit lis rigptF IN do hns,noss a., Mo
lstatn which forfoliurr shall be cn,sn,,
natal without ,uAtc,s, ascnr,atr,,om. hy,
ina SECRETARY 81 e,,ta ontori,,, ,,,on no
mnrcin of Tho l,drrr tant Il, H. an, 30
n ,S' H,' ', ,,.h 80 =" us ~.
"fnrfaltod " gi,,ipg no 1atn n, QUO, for'
foiture and an, c,r1,nra,,o, whose rtrh,
IN ,Ir, business ,,o, ~, nc t,,r,ni,.'d .,.W
he IcricJ tbc riebt f., s,,, or d,fsnd ,r ,,r
~ tb, courts ~ tI, Sta,, ond In ,nS
s,,i, a,,,i,,s, srnb do,,,o..ott,,,, ",,' "
~ o,tn arsIne, .''aS ',[
nfsr,na,i,,k rcIisf ,,,, S"o ,,,.o,aa ~ srt
4