The times. [volume] (Richmond, Va.) 1890-1903, 1901-11-13
TIE COMM IE'
ON COR 1O(iRIA Tons

OlUORPI or / Ifl I
Continued from First Page.l
In tho conduct of its business; shall, IL
Judgment be recovered thereon against
su CHI corporation, in q proceeding az "a a W
instituted therefor within twelye months MOI
from the date of the cause OF action, 20
lien upon all the property, real and. per-
sonal, OF such corporation, paramount 70
any assignment, mortgage, deed of trust,
or incumbrance hereafter executed by
such corporation and to any sale made,
after notice of such claim shall have been
filed with the State Corporation ComlItls-:
sion in the manner winch may be pro-
vided by law. =s5s
ct TO BE AGERpa HRpN.
The additional sections to be acted upon
ars as follows:
Section 6.-No foreign corporation shail
exercise the right Of eminent domain
within this State. No corporation shall,
under the right of eminent domain, take
or invade the dwelling house of any per-
son nor any space within sixty feet there.
OF, nor shall It.. without the consent of
such owner, enter into or upon such dwell
ing house or space for the purpose OF SUE;
vey or otherwise.
Section 7.-Whenever damages resulting
from the exercise Of the right of eminent
domain by a corporation shall not fiiave
been fixed by agreement or arbltratlon,t
but shall have been assessed without a
jury, the owner Of the property shall have
the right of appeal; and thereupon the
amount. of such damages shall be deter
mined by q. jury according to law without
deducting for benefits to the property of
such owner. Such damages, however
fixed or ascertained, shall first be paid, or
secured by deposit of money, before the
corporation shall be entitled to exercise
any of the rights acquired by the conden-
nation proceedings.
Section S.-The exercise of the right of
eminent domain shall never be abridged
or so construed as to prevent the property
and franchises Of corporations from being
condemned and taken in all like cases
whero. the property Of individuals might
be condemned and taken; and the cxer-
else of the police power. of the State shall
never be abridged or SO construed Us to
infringe upon the equal rights of indi-5
viduals or the general well-heings of the
State.
SHALL PAY FEES.
Section 9.-Provision shall be made by
general laws for the payment of a fee to
the Commonwealth by every domestic
corporations. upon the granting, amend.
ment or extension of its charter, and by
every foreign corporation upon obtaining
a license to do business in this State, as
specified in section 10 of this article; and
for the payment by every corporation
doing business in this State, of an annual
fee upon its charter or license to do hush
ness, and for the making. at the same
time and in connection Herewith, of sucn
report, to the State Corporation Commits
SION. Of the status, condition or business
of such corpora ton, as the General AS
sembly may prescribe. In fixing the fran:
chise or lcensaI feesAproVided FORE in1th's
section,i;and prescrib inE the characterize
the annual reports to be made by corpo-s
rations to The State Corporation Com
mission. the General Assembly may make
such discrimination as it may deem prop
,er, between domestic and foreign corIo-,
rations. and between different classes of
corporations with reference to the char,
actor of business conducted by them. =
AS TO FOREIGN CORPORATIONS !.
Section 1O.-No foreign corporation shall
hereafter engage in business in this State,
unless and until it shall have first OBJ
tanned from the State Corporation Com
mission a license to do business in this
State, upon such terms and conditions as
may be prescribed by law. No charter
shall be granted, to any domestic cofpo-s
ration. nor shaff the Same BE amended or
extended. nor shall any license to do busis'
ness in this State he granted to- any fur
eign corporation. unless and until the fees
specified by section Of this article TO be
paid for such license charter, or amend
ment or extension thereof, shall maze
brci. first duly paid to the proper officer
OF this Commonwealth; nor shall a cor
poration transact any business in this
State So long as it shall remainEmore
than ninety days III default in the pay.
ment of the annual franchise or license
fees provided for in section 9 of this ar
ticle, or in the making OF filing of such
reports with the State Corporation Com
mission, as it may be required to so file in
connection with and at the time OF the
payment of its said annual franchise NJ
license fee; and no contract mad e Sbyr any
corporation in violation Of the provisions
Of this section shalt be enforceable by
such corporation. or by those claiming by.
through or under it, in the court or I'M
der the laws of this State. The failure
by any corporation, for two successive
years, to pay it's said annual franchise or
license fee, or to make its said report in
connection Herewith, shall, when such
failure shall have continued for nin-ty
days after the expiration of the said two
years, ipso facto forfeit the charter or
license Of such corporation, as the case
may be-.
SURRENDER PRESUMED.
Section 11.-Any corporation heretofore
chartered in this State, which shall mere
after accept or effect any extension or
amendment of its charter, shall be con-
clusively presumed to have thereby sur
rendered any exemption from taxation
and any non-repealable feature of its
charter or of any j. amendment thereof
and all other special privileges not as.
joyed by other corporations of a similar
character, that it may be entitled to un-
der its present charter and the amend
ments there, and to have thereby agreed
thereafter to hold its charter and fran
cf1ises and oil amendments thereto under.
the provisions and restrictions and sub
ject to all the terms and conditions OF
the other sections Of this article and CT
any laws hereafter passed in pursua nee
thereof.
c.