Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1901-02-23

corporation for any object or objects
designated in the second sections shall
sign an agreement in which shall be
set forth
II. The name of the corporation ;
but no name shall be assumed al
ready IN use bv another existing cor
poration of this State, nor SO nearly
similar thereto ia the opinion of the
Secretary of State as to lead to con-
fusion or uncertainty.
Ill. The location Of its principal
place of business and of its chief
work, sstating as to its principal plcae
of business, the name Of the town or
city, and the street and number, II
number there be, the county and
state, territory or country; and as to
it chief works (if it have or contem-
plates having SUCH, if III this State
the district and county in which To-
Gated and if not, in which they are or
will be located.
iii The objects for which, the
corporation is formed.
CIV The amount of the total au-
thorized capital stock of the corpora
ton, the number of shares into which
the same is divided. and the par
value of each share. and the amount
of such authorized capital stock paid
in and if there be more than one
class of stock created by the agree
ment, description of the different
classes, with the terms on which the
respective classes of stock are created.
"V The names and postoffice adj
dress of the. incorporators, and the
number of shares subscribed for by
EACH
"VI. The period limited for the
duration of the corporation.
WI. The agreement may also
contain any provision which the in
corporators may choose to insert for
the regulation of the business and for
the conduct of the affairs of the cor
poration and any provision creating
defining, limiting and regulating the
powers of the corporation. the direc-
tors and the stockholders, or any
class of stockholders provided such
provision be not inconsistent with
the law of this State.
g If such corporation desire to hold
more than 10, 600 acres of land in this
State, the agreement shall set forth
the maximum number of acres it de-
sires to hold. If the corporation there
after desires to increase such maxi
mum number it shall proceed in the
manner prescribed in section 81 of
this chapter.
For each and every acre of land
in excess of 1000 acres and for each
acre in excess of the original number
in case of increase of maximum num-
Der, the secretary of state shall col
lect at the time of issuing the certifi-
cate of incorporation or the certificate
of increase, the sum of five cents which
amount he shall report and pay into
the state treasury. according to Sec
tion 90 of chapter 30 of the Code.
"SS. Every corporation incorDorat-
ed under the laws of any other state
or country and which has complied
with section 80 of chapter "a of the
Code, or which shall hereafter COM
ply with the same, and desiring to
avail itself of the privilege herein set
forth shall make report to the audi
tor on or before said first day of Nav,
and annually thereafter on or before
the first day of March in which re-
port shall be set out:
|. The name of such corporation,
the name of the state or country by
which incorporated, the date Of in
corporation, the place OF its princi-
pal Office, the names and postoffice adj
dresses of its president, secretary and
of its officers if any charged with
the duty of making returns of its pro-
perty for taxation.
2. The number of shares of its au-
thorized capital stock and the par val
ne of each share.
The amount ON the property own
ed and used by such corporation in
the State of West Virginia, where
situate, and of what it consists, and
the value of its property owned and
used outside of this State and
A. The proportion of its capital
stock which is represented by proper
ty owned and used in the State of
West Virginia which report shall be
verified by the affidavit of the presi-
dent, secretary or other executive
officer of such corporation. 1t shall
be the duty of the auditor to lay such
report before the Board OF Public
Works and the duty of the board TO
assess and fix its license tax according
to the proportion of its capital stock,
which is represented by it's property