The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-01-25
TENT or THE BILL.

The following is the text of the bill
making foreign corporations domestic,
introduced by Mr.. Craig, of BuncOmbe.
and passed by the House:
The General Assembly of North Caro-
lima do enact:
Section /. That every telegraph, tele-
phone, express, insurance, steamboat
and railroad company Incorporated, Gre
ated and organized under and by virtue
Of the laws of any State or Government
other than that of North Carolina. de-
string to own property or TO carry on
business or TO exercise any corporate
franchise whatsoever in this State shall
become Il domestic corporation of the
State of North Carolina by filing in the
office Of the Secretary of State a copy of
its charter duly authenticated in the
manner directed by law for the authen-
tication of statutes of the State or
country under the laws OF Which such
company or corporation is chartered
and organized. and a copy of its by
laws duly authenticated by the oath of
its secretary. Such corporation shall
pay therefor to the Secretary of State,
to he turned over by him into the State
Treasury, such fees as are or may be
required by law.
Section ,. That if any such charter or
bylaws, or any part thereof, filed in
the office of the Secretary of State
shall be in contravention or violation of
the laws of this State, such charter or
bylaws. or such part thereof. as are in
conflict with the laws of this State shall
be null and void in this State.
Sactiou q That whom opH cuch cor
poration shall have complied with the
provisions of this act above set out, it
shall thereupon Immediately become Il
corporation of this State. and shall en-
Joy the rights and privileges and be
subject to the liability of corporations
of this State the same as if such corpo-
ration had been originally created ny
the laws Of this State. 1t may sue IN +.
be sued i'll all courts of this State AM
shall be subject to the jurisdiction Of
the courts of this State as fully rs if
such corporation were originally created
under the laws of the State of North
Carolina.
Section 4. That on and after the first
day of june 1899, it shall be Unlawful
for any such corporation to do business
or to attempt to do business in this
State without having fully complied with
the requirements of this act.
Section ). Any such corporation yio-
lating any provision of this act shall for
felt to the State of North Carolina Il
penalty of two hundred dollars for each
and every day after the first day Of
June 1899. on which such corporation
shall have continued to operate or do
business without having complied with
the requirements of this act. Such pc;i-
atty shall be recoverable by the Treas
urcr of the State for the benefit of the
State of North Carolina, and it shall
Ec his duty to sue for such forfeiture
in the Superior court of Wake county
as the same accrue.
Section 6. No telegraph, telephone ex-
press. insurance. steamboat or railroad
company which is a foreign corporation
Of another State doing business in
North Carolina shall he allowed to sue
in the courts of North Carolina on or
after June LIST. 1899, until such foreign
corporation has become domestic cor
poration either by a special act Of the
Legislature or under the provisions of
this act
Section {. No such foreign corporation