The Springfield herald., 1897-04-23
INCORPORATION LAW.
LARGER FEES MUST BE PAID.
An Increase of Nearly One Hundred Fer
Cent.-Foreign Corporations Must Fay
on Increase of Stock.

Denver, April 1.-THE following is
the full text of the new law concern
ing stock companies:
Be it Enacted by the General Assembly
of the State of Colorado:
Section l. Every corporation, joint
stock company or association. incor-
porated by or under any general or
special law of this State, or by or I'M
der any general or special law OF any
foreign state or Kingdom, or OF any
State or territory of the United States
beyond the limits of this State, having
capital stock divided into shares. shall
pay to the secretary of state, for th"
use of the State. a fee of $40 in case
the capital stock which said corpora
ton. joint stock company or asSocia-
tion is authorized to have, does not eX-
ceed $4,000: but. in case the capltal
stock thereof is i'll excess OF SJO,ooo,
the secretary of state shall collect the
further sum of 10 cents on each ana
every thousand dollars of such excess,
and a like fee of 10 cents on each thou
sand dollars of the amount of each SUD
seuuent increase of stock. Ihe saiu
fee shall be due and payable upon the
filing of the certificate of incorporation,
articles of association. or charter OF
said corpo. alton. joint stock company
or association. in the office of the sec
retary of state; and no such corpora
ton Joint stock company or ASSOCIATION
shall have or exercise any corporate
powers or be permitted to do any busi-
ness in this State until the said Zee
shall have been paid: and the secretary
of state shall not file any certificate of
incorporation. articles of association.
charter or certificate of the increase OF
capital stock. or certify or give any
certificate to any such corporation,
joint stock company or association un-
til said fee shall have been paid to
him. But this act shall not apply to
corporations not for pecuniary profit or
corpora tions organized for religious.
educa tonaI or benevolent purposes.
See. . Any foreign corporation do
ing business in this State that has,
since the filing of its certificate in this
State, increased its capital stock, With
out paying the fees prescribed by the
law of this State at the time of such
increase or that shall hereafter in
crease its capital stock, shall be liable
to pay the fees prescribed by this act,
and it is hereby made the duty OF the
secretary of state to at once cause ac-
ton to be brought against any foreign
corporation for the recovery OF such
fees, and n certified copy of the GER
foreign State. shall be sufficient evil
dence to sustain a Judgment for the
amount of such fees, and an action i'll
the nature of . writ of quo warranto
shall lie against any foreign corpora
ton to test its right to exercise corpor-
ate franchises in this State.
Sec 3. The secretary of state shall
not file or record in his office any GER
tificate of paid-up stock, certificate of
impression of corporate seal or other
paper of any corporation or assOcia-
ton, unless the articles of incorpora-
ton of said company are already on file
in his office. nor unless all fees pre-
scribed by this act shall have been
paid.
Sec H. All acts and parts of acts in
consistent with this act, are hereby re-
pealed.
Sec. 5. In the opinion of the General
Assembly an emergency exists, there
fore this act shall take effect and be in
force from and after its passage.