Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1899-02-11
LEGISLATIVE GOSSIP.
FEES FOR INCORPORATING COM
pANIES

| IANlES.
| The following bill. known as c. h. No.
| 50, which relates to corporations, has
| been introduced in the council by Hon.
M. Martinez. All corporations organ
| lied under the laws of the territory or
under the laws of any foreign state or
| territory, shall, before doing business in
this territory, file in the office of the
secretary of the territory certificate of
incorporation in writing, according to
law in such cases provided, and for the
filing of such certificates of incorpora-
tion, the secretary shall charge the
following tees: For corporations organ
lied for the construction and operation
of railroads, under the railroad incOr-
poration act. a basil fee of 500 with 81
additional for each and every mile of
railroad to be constructed or operated in
the territory. For corporations orgau-
lied for mining, milling or smelling pur-
poses, $25 where the capital stock is
100000 or less, and SIS additional for
every 100000 or fractional part thereof
of capital stock in excess of 100000.
For corporations organized for the cul
tivation of sugar beets and the manu-
luCuNIt anu Sdlc VI Dttb sugar. lOI
corporations organized for the construc-
ton of irrigation bitches and dams, or
for the colonization and improvement of
lands in the territory, SIS where the
capital stock is $4,000 or less, and 81
additional for every $4,000 or frac-
tional part thereof in excess of $50, 900.
For building and loan associations, S25
where the capital stock is $25, 900 or less,
and $l additional for every $4,000 or
fractional part thereof in excess of S25,
600. For all corporations organized for
colleges, seminarieS or other education
al institutions; for churches, libraries
or other benevolent, charitable relig
ious scientific purposes, 81. For all cor
porations organized for manufacturing
or other industrial purposes not specific
ally mentioned in the proceeding por-
ton of this bill, $40 where the capital
stock is $1,000 or less, and So additional
for every $1,000 or fractional part
thereof in excess of $4,000. For the
increase or decrease of capital stock
after organization, so cents for every
81 900 or fractional part thereof. For
an amendment to articles of incorpor
alton other than increase or decrease of
capital stock, $40. For an increase or
decrease of capital stock or any other
amendment to the portion relating to
charitable and religious organizations,
81. 1t will be a misdemeanor for any
probate clerk to file or record in his
Office any incorporation papers or copies
thereof that do not contain the GER
tiicate record of the secretary of the
territory. Each and every corporation
shall on or before the first day of July.
each year, file with the secretary of the
territory its annual balance sheet for
the presiding year. or therof of the
corporation shall have been in exist
ence, showing it's gross assets, gross
liabilities, gross income. gross expenses
and dividends, said gross balance sheet
to be signed by the president and sec
Rotary of the company and acknowledge.
A fee of 81 shall accompany the balance
sheet for filing and registering the same.
Failure on the part of any corporation
to comply with this provision for a period
of its charter. 1t shall be the duty of
the secretary of the territory to furnish
a certified copy of the balance sheet to
any person applying for same upon the
payment of fee of 81.
4 Il Il
The council and honse committee have
agreed on the terms of the penitentiary
bill and the number of commissioners
will remain at five. The board will be
of such political complexion as the gov
ernor sees fit to so appoint.
The Romero Hose company of Las
Vegas has presented a petition to the
council against the passage of the in
surance bill providing for and increase
in the tax and the levy of a per cent
license on all business transacted The
seems to think that the new
bill will take the 2 per cent levy of the
fire companies away from them.
The bill for the division of Cofax
county was laid on the table in the
council yesterday by vote of six to
three.
The bill to repeal the law to exempt
the head of families from taxation in