The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-04-29

pay 10 the secretary Of stata ~ ~
franchise tax OF sic. the tar ~ anrp4
year 10 he paid at the tlnie W. w w H.
H. ilied, and the secretary 7. ss"Vh ullfe
iot pc REQUIRED or permitted n ,t sAaN
charter until such tax Il MIA ~ hie I'LL
succeeding tax shall be paid ~ va ehs
the LIST lay uf May OF each X, " 'Nse,
after provided that ant sunb W. tito.
having an authorized capltal v. ~ r'ssshd
$'VpU' ana less thln S1UOWEs s.eMd MT
such corporation having m M, M, anf e,tf,
ital stock OF Slon.0cu ana less ths, ..i ~
sk1ll pay an annual franchise S1Npl.
aud every such corporation hoei,'A. ~
thorlzfd capital stock Of 5000 10 ~ ..
Tanb pay sa a n,e rxnpl tranchsc Tax II Y,
tnfore authorized to DO busine.. hsf>
state under the laws If tiis H. ht
on or before the LIST day Of MAI s1al \
year, and each and every snci ~ aoy, y ei'i
do business In this State, sha,,o
time so authorized. and on Nv u "
LIST day OF May Of each wear ,haurt IN
pay TO the secretary OF state tha sss,eatH
franchise tlS; Every such corpo,at,''w, va,
ing nm authorized capital stock % WI ~
d liars OF less. an anncal franab,'l szhpR
so: every srch corporation hnvr,s 4xe
thorizPd capital stock of mora thas ~ a
aud not exceeding S;000OO 90" YAM
franchise TAX Of 500. every snsb anuul
non n3D 0n nnd an authorized capital Max
over SlthNW. an annual fran,hi.,, ~
Sl01. and in addition thereto ~ W
franchise tax of 81 for every sio a III
authorized capital STOCK oyer ,na 'M y
Sl00.CoD and not exceeding 81 or, e.o a'cr
j. sucn authorized capltal stock e,es W
q stu further additional tax ~ ~ !, ~
every SliW,mO over anG ahoro <, ~, "
ANY corporation. either domestic ~ w'y,ND,'h
yWn'cn snaii inii TO pay the tax proyiis
Tor IN tnis article at the time spccssl
herein, shall. because of such fnllnr $3.50 y,
felt lts right to do business I'm XXI. az. ~
which forfeiture shall he cons,,,,. say
without judicial asrertainment. Nv M WY
rotary OF state entering unon ina r.s ~
OF me ledger Kept In his office relaifSs'.n'
giving the date Of such forfeItnree ''s y.
any such corporation whose right +. ~
[ business may he thus forfeited shs,, Y
denied the right to sue or defend ~ e =
OF ne courts Of this state. and Ia INV M M
against such corporation on a cntIse y, ~ "
| tion arising before such forfeiture W. y, Y 7,
4 frmativc relief may be granfed Il ~ Z,
| defendant corporation. unless ,ts rIgh sy X
30 business Is revived as proslsal
IN articIG 924si oif~%hsw6lissin
| annual income taS IN their gross rsllll|
/ IN this State shall he exempted fran K,
| franchise tax above imposed v
! lNote-Fhe attorney general rules th,,
| nrfi
! charter only pays to the first day II NJ,
| neAt succeeding, when tax must be NJ
| asainl ~
Article 524Sj. The secretary Of state ,s,s
! on or before the LIST day of March OF NJ
| year notify all private domestic and m
/ cign corporations subject To franeifs
! tax by any law of this State. by maIle,
to the postofiice named as the prlncJs
! place OF business of such corporation 4
It's articles Of Incorporation. or 10 ii,
other place of business OF such corporatcs
addressed In Its corporate name. a written
~ printed notice that such tax win b
due at date named therein, record d
| the date Of which mailing must be kfg
by said officer, and which mailing Of su'A
notice and the said record thereof shai
constitute legal aud sufficient notice III
days after the LIST day of MAY o. cid
year, said officer shall publish for ten cd
! srcutive days In some daily newspapA
published in, this state, list Of the q
| porations whose right to do business i
this State has been forfeited for non-coR
plance with this act; provided. that aH
| corporation which shall within six month
after such publication pay the tax aHl
t$5l Ave dollars additional thereto, for eau
month or fractional part Of month whid
| shul clapse after such forfeiture, shall y
| relieved from the forfeiture Uf liz rss
| TO 60 business by reason OF such falluls
and when such tax and the said .penall
are fully paid to the secretary. OF STATE
y shall be the duty of said officer 70 =.
vive ana relnstate said right to do bua
ness by erasing or cnnceling the Won
Fort eited' from his ledger, and snbslilnt
ing therefor the word Revived" gyh;
the date OF such revival; provided furihH;
that this chapter shall not be corslrusi
- repeal any law prescribing fees 10 M
collected nv the secretary OF state.
Article 52i3k. Corporations organized is
tho purpose Of reli.ious worship. Or ~
providing places of burial not for prysl
profi;. or corporations organized ~ v,
purpose Of holding agricultural f1Hs alt
encouraging agricultural pursuits. q Z,
strictly educational purposes, or Tor pures
charity, are exempted from the -px In
posed by this act. ~