Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1899-04-12
INCORPORATION FEES.
The Law Modifying Previous Existing
Statutes in Reference to Corporations
and Determining the Fees for

-
corporation fees, reads as follows:
Section l.. That all corporations or.
ganized under the laws of this terrific
ry, or under the laws of any foreign
state, territory or country, shall, before
doing business in this territory, file il
the office of the secretary of the Terri.
tory of New Mexico a certificate of in.
corporation in writing, according to law
in such case provided; and for the filing
Of such certificate of incorporation the
secretary shall collect al the time OF
such filing the following fees:
(a) For corporations organized fol
the construction and operation of rail
roads, under the railroad incorporation
with one dollar additional for each and
every mile of railroad to be constructed
or operated in this territory.
CD For corporations organized fol
mining, milling or smelling purposes
twenty-five dollars, where the capital
stock is $100, 900, or less, and five dollars
additional for every 500, 900 or fraction.
al part thereof of capital stock in
cess of said $100, 900.
Co For corporations organized fol
the cultivation of sugar beets and the
manufacture and sale of beet sugar;
for corporations organized for the con
! struction of irrigatlng bitches and
dams, or for the colonization and i'm
provement of lands in this territory,
fifteen dollars where the capital stock
is $50, 900, or less, and one dollar addi-
tional for every $40. 600, or fractional
part thereof of capitalization in excess
of said $50, 900.
(d) For building and loan associa-
tions, twenty-five dollars where the
capital stock is $25, 200, or less, and one
dollar additional for every $40, 900, or
fractional part thereof of capitalization
in excess Of said $4,000.
(e) For all corporations organized
for colleges, seminaries, or other edu-
| cational Institutions; for churches, Ii
braries or other benevolent, charitable,
religious or scientific purposes, the sum
of one dollar.
f) For all corporations organized for
manufacturing or other industrial pur-
poses not specifically mentioned in the
preceding portion of this section, ten
dollars, where the capital stock is &c.
900 or less, and two dollars additional
for every IS, 900, or fractional part there
of of n sto1i1oticr in nvnoSc Of coiH
$40, 900.
(g) For the increase or decrease of
capital stock in corporations mentioned
in sub-sections (a), (b), (c), (d) and ()
Of this section, twenty-five cents for
every 81, 200, or fractional part thereof
of such increase or decrease, and for an
amendment to articles of Incorporation,
other than an increase or decrease Of
capital stock, ten dollars; for an in
crease or decrease of capital stock or
any other amendment to the articles of
incorporation of corporations mention
ed in subsection (e) of this section, one
dollar.
Section 2. That it shall be a misde-
meanor for any probate clerk to file or
record in his office any Incorporation
papers or copies thereof that do not
contain the certificate of record of the
secretary Of the Territory of New Mex
leo.
Section 8. That each and every COR
poration doing business in the territory
shall, on or before the first day of July
of each year, file with the secretary of
the territory it's annual balance sheet
for the preceding year, or such part
thereof as the corporation shall have
been in existence, showing it's gross as
sets, gross liabilities, gross income,
gross expenses and dividends, said bal
ance sheet to be signed by it's president
and secretary and sworn to by them be-
fore an officer competent to take &C
acknowledgements of deeds; and each
such corporation shall, at the time said
annual balance sheet Is filed, pay to the
secretary of the territory a fee of n
dollar for filing and for registering same
in register book, which the secretary OF
the territory shall keep for this pur-
pose. Failure on the part Of any corpo-
ration to comply with the requirements
of this section for three successive years
shall act as a forfeiture Of its charter,
and the secretary shall, after due no
tice to the corporation, enter such for
fixture in the record book Of annual bal
ance sheets.
Section 4. That it shall be the duty
of the secretary Of the territory to fur
nish a certified copy Of the balance
sheet of any corporation on file in his
office. to any person applying therefor,
upon the payment to the secretary of
fees authorized by law.
Section 5. That the fees to be col
lected by the secretary of New Mexico,
as provided in sections !, 8 and 4 of this
act, shall be applied as follows: One
dollar of each fee collected In accord
ance with the requirements Of sections
3 and 4, and Of subdivisions (e) and (g)
of section / Of this act, and five dollars
of each fee collected in accordance with
the requirements Of subdivisions (a),
(b), (c), (d) and e. of section l Of this
act, shall go to the secretary Of the ter
ritory; the remainder shall be paid over
to the treasurer of the territory quar-
terly, beginning April 1, 1899.
Section 6. That all laws or parts of
laws in conflict with the letter or spirit
Of this law are hereby repealed.
Section Z. That this law shall take
effect Immediately upon Its passage.