Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1901-06-26
ABOUT CORPORATIONS.
Laws Regarding Them Passed by Re-
cent Legislature.
THE FEES FOR FILING.

Inc following skeleton abstract OF
laws governing the formation of cor.
perations in New Mexico has been
compiled by Secretary Reynolds and
a careful compliance with these
provisions will obviate DELAYS
incident to returning copies for cor.
rcction.
l. Corporations may be formed for
benevolent. charitable. educational
and scientific purposes and for any
legitimate business enterprise.
Special provisions for railroads. ir.
rigation companies and building and
loan associations.
2. Any three or more persons who
desire to form a company for one or
more OF the above purposes shall
make. sign, acknowledge before some
official competent To take the acknowl.
edgment OF deeds, and file In the OF.
nee OF the secretary OF the territory
their articles In writing setting forth.
/. The full name of such persons.
2. The corporate name OF the com.
pany.
3. The objects for which e com.
pany shall be found.
T. The amount of capital stock and
number of shares into which divided.
D. The term Of existence. not to ex
coed so years.
g.. The number of directors. and
their names. who shall manage the
concerns of the company for the first
three months.
The board of directors. must n.
sist of at least three members who are
stockholders, a majority citizens of
the United States and one-third resi-.
dents of New Mexico.
I. The name of the city or town
and county where the principal place
of business Is to be located.
whenever n majority of the stock
Is owned in another state or terrific
~, the principal office OF such com.
pany may be located In such state or
territory and meetings of stockhold.
ers and directors may be held there,
provided that such company shall
lie with the secretary of New Mexico
A certificate designating a principal
place OF business in this territory and
agent residing thereat, upon whom
process may be served, In the man.
ner as required by foreign corpora.
tons.
3. Date. signature and acknowledg.
ment In n as deeds are requir.
ed to be acknowledged.
3. A copy of such articles or Ger.
t!ficates. certified by the secretary OF
the territory. shall be filed In the Of.
flee OF the probate clerk In the county
where principal place OF business OF
the corporation Is located, and IL shall
be a misdemeanor for any probate
clerk to file or record in his Office any
ttNanr tnYnftAn ian aARa ~. ,AV.A. AA.A,
chat do not contain the certificate OF
record by the secretary of the terri
tory.
4. II any corporation fail to organ
re and commence the transaction OF
business within two years from the
late OF filing articles. It's corporate
powers shall cease.
FEES OF SECRETARY'S OFFICE.
Upon advice of the solicitor gener.
At IL has been ruled that when a cor.
)oration proposes to engage in more
han n line of business, fees must
De collected for that particular OBJ
Get which requires the largest pay.
nent.
All corporations organized under
he laws of New Mexico, or under the
avs of any other territory. state or
country. shall before doing business
n this territory. file in the Office of
he secretary Of New Mexico articles
If Incorporation In writing. according
10 law In such case provided; and. at
the time of such filing the secretary
hall collect the following fees:
/. Railroads-Under the Railway In.
corporation Act, basal fee 500 plus
81 per mile for each mile of road to
be constructed or operated In this ter
ritory.
2. Mining Milling or Smelling com.
panies: Capital $780, 600 or less, $25.
For each additional 500, 900 or frac-
tional part thereof, s..
3. Companies for colonization and
improvements OF Lands, Irrigation
Sugar.Beet and B~eet.Sugar
companies: Capital $4,000 or less,
sl5. For each additional 10000 or
fractional part 100000 or fractional
part hereof. sl.O0.
4. Building and Loan Association:
5000 or less. $25. For each
additional 10000, OF fractional part
thereof, 800.
>. Manufacturing and other indus
rial purposes not specified above
10000 or less, $40. For each
additional $1,000 or fractional part
thereof. 81.
8. Benevolent, charitable. educational
and scientific purposes, 81.
Z. Increase or decrease OF capital
stock of companies mentioned In /,
?. 3. 4 and 5. 20 cents per 81 900.
Amendments to articles other than
increase or decrease of capital, $40.
Any amendments to articles OF compa-
MES mentioned in q, 81.
Certificates designating agent and
place of business In New Mexico, 81.
OF fees collected under 6 and Z, 81.
to secretary. OF fees collected under
/, 2, 3, 4, and 3. So to secretary. Re
mainder paid to treasurer of territory
quarterly.
For certified copies Of any docu,
ments on file the secretary shall col
lect 81 plus 10 cents per folio OF 100
words.
J. w. RAYNOLDS,