The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-18
CHAPTER FIFTEEN
A Privilege Tax on Corporations


Article,
Domestic corporations, classified and ~
taxed .,-,.,,,,. ....' 49, -, .,,','. 'H@'
Foreign corporations, classified and .
Failure tn pay tax forfeits charter OF
domestic corporation .........,s,-.tt.. a2Sl
Failure to nav tax forfeits permit of
foreign corporation acknowledgements. o2Ss
Secretary Of state to notify corporations
when tax is due .........f....,.,t. 80, S-SS
Corporations can not sue unless tax is ..,..
paid ....,...,-.. $500 nHeSh
Certain corporations exemp, from tax e2sJb
Tax imposed by this chapter not TO sp-
ply to certain other corporations s2SSr
This chapter not to authorize corpora
S ons laws s0 p Ppt tbe st .Is'"es' contrary
Secretary OF state not 70 iile charter OF
corporation to do business exclusively
out Of State of Incorporation .....-., S2SSe
Secretary Of State TO pay all moneys
collected Immediately TO State treas
Article sa2a Each and every private cor
poration, chartered under the laws Of THIS
state. shall pay to the secretary Of state a
charter fee as required by article 2iSs, tlte
49, of the Revised statutes. every shon coz eos
porstion heretofore or hereafter chartered
shall also pay to the secretary OF state an
annual privilege tax, the tax for the hrst yehr
to be paid at the time such charter Is hled
/ The secretary OF state shall not be required
or permitted TO file any charter until such tax
is paid and each succeeding annual privilege
tax shall be paid on or before the hrst day
of May of each year
(a) Every such corporation having an au-
thorized capital stock not exceeding SoO,Ovp
shall pay an annual privilege tax of $50.
(b) Every such corporation having an an-
! thorized capital stock OF over $4,000 and nos
exceeding 100000 shall pay an annual priYl-
lege tax of $50.
(cl Every such corporation having an su-
thorized capital stock OF over 100000 ana not
exceeding 100000 shall pay an annual priVi-
| leee tax of $40
ID, Every such corporation having an au-
thorizcd capital stock Of over 800 Oo shail Pay
an annual privilege tax OF $50, ana 10 auu,
ton thereto shall pay an annual prlvilege .ah
| ~ 81 for every 5000 of authorized capital
stock In excess Of 100000
! Art $500 Any corporation organized or ere
ated under the laws Of any other 5ts'e %
| Territory Of the United states or OF any
! foreign government, desiring TO trausacl ousl
! ness in this state, or solicit business IN TINS
State or establish general OF speelai oin ,''
in this State, shall be and the same " ne,eos
/ required TO file with the secretary OF sta,u
| duly certified copy of Its articles OF ihooI :
noration, and the secretary OF state, upon me
| nnyment of a charter fee, as required by
article 2as9, title -. of the Revised statutes
may issue to such corporation permit 10
| trans Of business in this state. every
such corporations which shail hereai'ef
The granted a permit to DO business -
lthis stsAs ghall also pay 10 the secretary on
state ss'.tagsl privilege tax, the tax for me
| ars, sL H. be paid at the time the permit
| il efs&.y The secretary OF state shan nor
4 hle suahsa ertifed copy of charter or grant =
| permit until such taxes are PAID, ana earh
succeeding tax shall be paid ON or before "
| Grst day OF May OF each year.
| (a) Each aud every corporation orga7
| or created under the laws OF any other
or Territory Of the United States oI
| foreign government heretofore gran
| nit 10 do business In this State,
hereafter be granted O permit,
| authorized capital stock OF s,D.y
| eb mas nm
| tb) Every such corporation
| thorzed capital stock OF NOR
and not exceeding 500. 900 shall
| privilege tax OF 500.
tc) Every such corporation
thorlzed capital stock Of over :
exceeding $3.50. 900 shall pay an
lege tax OF $50
id) Every such corporation having su'
thorized capital stock OF over $40 600 shall pay
an annual privilege tax OF 500, and IN add
for every 900 of authorized capital stock II
excess OF 100000 and not exceeding $1,000.
900 II such authorized capital stock exceeds
81 GOO 900, then such corporation shall pay
/ further privilege tax Of 81 for every $4,000 o.
authorized capital stock over and above ~,
900 900.
Il Art b2SI. Every corporation chartered uu
der the laws OF this State which shall fail Z
PAY the tax provided for in article 1920 OF ihi'
chapter, at the time specified therein. shall
because of such failure, forfeit Its charter snt
privilege 10 do business In this State, which
forfeiture shall be contaminated without ju
diclal ascsrtainment by the secretary OF stat,
entering upon the margin OF the record bool
kept In his office relating TO such corpora
lions the word forfeited giving the dat
Of such forfeiture. Any such corporation