The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-01-19

Provided that the intention Of this sec
ton is that such purchaser ut such sale
made as aforesaid, shall become a new
corpora ton. resident in North Carolina,
and if not regularly Incorporated under
and by virtue of a special charter grant
cd for the purpose or under the general
laws provided in chapters 10 and 40.
volume | of The Code, and amendments
thereto. by tho name designated i'll the
CONVEYANCE made to it, or in the said
writing recorded as aforesaid. al the date
of tho SALE purchase and conveyance as
aforesaid: then said purchaser or pur-
chasers shall cause themselves or itself
to be Incorporated within thirty days
after said sale and conveyance. either
under the provisions OF chapters 1G and
volume I Of The Code. or under such
special charter as it or they may have
obtained from the Legislature Of the
State for the purpose All such foregoing
proceedings. sales and convryances when
not made in compliance with this sec
ton and provision, shall he null and
void.
Section !. That every foreign cor
poration, company, society association
and partnership now doing business in
this State, and desiring hereafter to en-
gage in any kind of business in this
State. is hereby required to obtain license
therefor from the State. and upon OBJ
tanning the same, shall file application
for said license in writing signed hy its
President and Secretary. in which APP
plicatiOn shall be set forth the name of
the corporation. the nature of its bust
ness. pCStQffice address of some resident
attorney or agent in North Carolina upon
whom il authorizes any legal process
against the corporation TO he served;
and the said application shall he record
cd in the Secretary of States office upon
filing said application. MS herein directed
and mon offering satisfactory proof to
the Secretary Of State that the appli-
cant has. ut the time of the application.
already become an Incorporated company
of North Carolina, as provided in this
Act. il shall be the duty Of the Secrp-
tary Of State to issue Il license to the ap-
plicant to transact business in North
Carolina: Provided. however. that
such corporation shall pay for
the said license the sums fol-
lowing: \ corporation which taxes
Il business Of sending and receiving
Geographic messages for hire. or send
ing and receiving telephone messages for
hire, or conducting business OF common
carriers of freight and passengers for
hire, shall pay license tax of Five
Hundred dollars (ail other corporations
not being such as usually obtain
special franchises shall pay a
license tax OF SD. The Secretary of
State shall keep an accurate record of
all companies incorporated and licensed.
Section e. That none of the provisions
of any of the sections of this act shall
apply TO benevolent. charitable. religious.
scientific or literary corporations or
companies. nor to the manufacturing
corporations, nor TO the merchants, jew
elers, groccrs or druggists or other deal
ers whose business is TO hug and sell
goods. wares and merchandise, and who
are required to pay a purchase tax; nor
a corporation organized for the sole pur-
pose Of conducting agricultural pursuits.
Section {. That any foreign corpora
ton, company, organization. society. as
ISOLATION or partnership which shall fail
to make the application, taking ont II
license and paying the tax MS herein pro-
yided for shall be subject to q penalty
of two thousand dollars. which may he
Slleu LOT III tni superior court DI North
Carolina by any peIeon in relation to
the State, and anc-tenth of the recovery
shall innure to The benefit of any person
bringing the action. and the balance
shall he payable to the sheriff or trca-
surer of the county in which suit is
brought for the benefit Of the school
fund, and any such corporation, COM
pany, society. association and partner
ship. which transacts any business what
soever. without first having obtained
license and paving the tax as herein
provided. shall be guilty of Il mis,lc-
meanor, and upon conviction. shall he
fined for each and every offence five
hundred dollars.
This act shall take effect upon ratifi-
cation, except that such corporations.
companies. societies. associa tions and
partnerships comprehendcd within the
meaning Of this act, which have. prior
70 the ratification of the same. already
begun business III the State. shall have
thirty days from the ratification of this
act i'll which to domeSticate and take
out the license as herein provided for.
Section 8. That all laws and clauses
of laws in conflict with this act are
hereby repealed.