The Montgomery advertiser., 1901-06-26

 out (a) name and location of proposed , corporation. amount of proposed capi- | tai stock, number of shares of common | and preferred stock, and value and | character of same. amount to be is- sued. and amount to be reserved in | treasury and proposed issue of bonds | (b) name of corporators and thier resi- | dence. (c) effects of corporations and | franchise desired.
 Sec. 2. Upon the filing of the peti-
 ton and its approval by the Governor
 and Secretary of State, the Secretary | of State shall issue to two or more of | those interested. a commission to :e- ceive subscriptions to capital stock of | proposed corporation, and when one- half of the capital stock is subscribed and a board of directors and officers Of | the corporations have been elected. a 1 charter shall issue. signed by the | Governor and Secretary of State and l the corporation thus formed shall have | all corporate rights, named in the retl- | ton, not in conflict with the laws of this State and the United states. out | no right to take or condemn private property. without first making .nst compensation therefor, according to law. shall be conferred by any such | chartAr.
 Sec. 8. Before the issue of charter
 to any corporation organized as pro- vided in preceding sections, there shall | be paid as fees for organization, the | following amounts for the use of the | State: In no case. less than $25: on all | corporations with capital stock of | S10,000. and not more than $100. 0.e00. | $100; on all above $100,G00, and not to l exceed s50o. .0O0, $500; on all above $5oO.- 900 and not to exceed $1,000,000, $1.000; and an additional fee of $750 for every million or fractional part of million &d- | ded to the first million of capital stock. Sec. {. The General Assembly of tlfe State shall have authority to impose oD | all corporations organized an annual | license tax not to exceed three-fourths
 of the tax charged as charter tax. ! Referred to Committee on Corpora | tions.
 Ordinance No. 400 by MT. Thompson To provide for a tax on collateral in- heritances.
 Be 1t ordained by the people of Ala bama in Convention assembled, That | all estate. real, personal and mixed,
 money, public and private securities for
 money of every kind, passing from any person who may die, seized and pes
 sessed thereof. being in this State. or any part of such estate, or estates, money or securities, or interest there in, transferred by the interstate laws of this State or by will, deed, grant, | bargain, gift or sales, made or intended to take eftect in possession after the death of the grantor, devisor or donor, | to any person or persons, bodies polite or corporate, in trust or otherwise other than to or for the use of the father,
 mother, husband, wife. children, or | lineal descendants of the grantor, de- visor, donor or intestate, shall be sub ject to a tax of two and half per
 centum on every $1O0 of the clear value
 of such estate. money or securities.
 And the tax 50 collected shall be ap- piled to the common schools. Sec. 2. The General Assembly shall enact such laws as may be necessary foregoing section.
 Referred to Committee on Taxation. Upon the call of the standing cor-
 mittees mo business was forthcoming.
 Mr. Samford-I rise to a point of in- quiry.
 The President-The gentleman will state the question of inquiry. MT. Samford-I would like to kn DIV
 what would now be the regular or6er. The President-The regular order will be the next order of business, which
 would be the report of special commit- tees. There are none, and the next
 order would be unfinished business. MT. Samford-That would he the
 business we were engaged in on yeE- terday afternoon:
 The President--The business we were
 or was a special order, to come up un- der the head of special orders. Mir. Samford-Are special orders considered. The business we have in
 hand is laid aside until--- The President-The consideration of the special order.
 MT. Jones (Montgomery)-The special
 order, Mir. President, was immediately
 after the reading of the journal. A matter of reconSideratio The Presidential the opinion of the Chair this matter that was pending, the consideration of tEe report of the Com
 n1ittee on Taxation, would come up !Tr-
 mediately after the special committees. Mir. Samford-Then that would be In
 order now.
 The Presidenk-It seems to the Cha.r that It would be.
 Mir. Jones (Montgomery)-Mr. Presi- dent. by a vote of the House on yester- day, the motion to reconsider the pro
 posed additional section to the article
 reported by the Committee on Execu- tive Department was made special
 order for today, immediately after the approval of the journal. and l submit that this is in order after the regular
 call for the reports of committees.
 The Presidential the gentleman de-
 sires to enter the motion the Chair will entertain it at this time.
 Mr. Jones (Montgomery)-I did make
 it on yesterday, but I nov desire to
 move to reconsider the vote by which
 the proposed section 31, offered by the
 gentleman from Dallas was defeated.
 Mr. Hefin (Chambers)-I move to
 lay that motion on the table.
 MT. Jones (Montgomery)-I had not yielded the floor.
 The President-The Chair will rule
 for the benefit of the gentleman from
 Pike, in the opinion of the Chair the
 special order referred to ny the gentle
 man from Montg mery would have pre-
 cedence of the consideration of the
 matter now pending on the report of
 the Committee on Taxation.
 MT. Sollie-Does the Chair think 1t
 would have precedence when it was
 not called in order? If he had in
 tended to insist upon that, 1t occurs
 to me that he should have called it to
 the attention of the House when that
 order of business was reached, and hy
 permitting 1t to go over, and other
 business to intervene between 1t and
 now, he valves the right to mist upon
 1t.
 The President-The Chair does 1et
 think it amounts to a waiver. It Is
 made a special order and the Guar
 should call 1t up without a motion.
 MT. Jackson sought recognition.