Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-02-26

44tS1 0d$ Ol MAY next I0H0W1uK the 0af8
q the certificate Of incorporation. and on
Of before each succeeding first day Of
May. the Auditor shall collect such tax
TOR q full year as herein provided: except
that II the certificate OF incorporation be
issued on or after the first day of March
and before the first day of the ensuing
May, the Secretary of State shall assess
and collect the tax for the full year begin
ming m said first day of MAY, in addi-
ton to the initial tax.
When application is made to the Secre-
saIy OF state Tor a certificate OF i%ncorpor-
tlon 10 pay the rate of license tax pre-
scribed in this section, it shall be the duty
OF the Secretary of State to require an
the -incorporators in the following form or
TO the following effect:
State of.-.........-.
County of...................to wit:
for the County and State aforesaid. do
hereby certify n
of the persons who
have executed the agreement, as corpor-
ators thereof, for the incorporation of
agreement is dated the -. day of
............., this day personally appeared
before me in my said county and made
oath that the statement made in said
agreement, to-wit, that said corporation
shall keep its principal place of business
al ;.s:;; IN the County Oh;
and State of West Virginia is true, and
that said principal place of business and
chief works has been so located in good
faith and not for the purpose of evading
any law OF the State of West Virginia,
and especially not for the purpose of
avoiding payment of the difference be-
tween the amount of the annual license
tax on the charters of corporations hav-
chief works within the State of West
Virginia and those corporations having
their principal place of business or chief
works without the said State: and that
said H0TnnrQ finn ma mad In CaiA nrrnAn0Anr
proposes in good faith to carry on its busi-
ness and to have its principal place of
business and its chief works within the
State of West Virginia.
Given under my hand and official seal,
this ........ day of ..........
Any person who shall falsely make such
upon proof thereof the corporation named
in such affidavit shall forfeit all its priv
ileges, rights n franchises. AND IL shall
be the duty of the Auditor and the Secre-
tary of State to file with the Attorney
General information of such false affi-
davtt. and the duty of the Attorney-Gen-
eral to institute proceedings to have said
charter declared forfeited.
That section eighty-seven of chapter
thirty-two of the Code be and the same
is hereby amended and re-enacted so as
to read as follows:
Foreign Corporations.
81. Every corporation which has hereto
fore obtained, or which shall hereafter
obtain, a charter or certificate of incor-
pe-ation from this State, and Who prin-
cipal place of business or chief works are
located outside of this State, shall be
Known as a nonresident corporation for
the urposes of this chapter, and shall
pay an annual license tax as follows:
If the authorized capital stock be not
more than twenty-five thousand dollars,
twenty dollars.
If the authorized capital stock be more
than twenty-five thousand dollars and not
more than n hundred thousand dollars,
fifty dollars.
If the authorized capital stock be more
than one hundred thousand dollars and
not more than one million dollars, fifty
dollars. and an additional forty cents on
each and every one thousand dollars, or
fraction thereof, in excess of one hundred
thousand dollars.
If the authorized capital stock be more
than n million dollars and not more
than two million dollars, four hundred
and ten dollars, and an additional thirty
cents on each and every one thousand dol
million dollars.
If the authorized capital stock be- more
than two million dollars and not more
than three million dollars. seven hundred
and ten dollars, and an additional twenty
cents on each and every one thousand
dollars. or fraction thereof, in excess of
two million dollars.
If the authorized capital stock be more
than three million dollars and not more
than four million dollars. nine hundred
and ten dollars, and an additional ten
cents on each and every one thousand
dollars, or fraction thereof, in excess of
three million dollars.
If the authorized capital stock be more
thar four million dollars, one thousand
and ten dollars, and an additional fifty
dollars or each and every one million dol
lars, or fraction thereof, In excess of four
million dollars.
When any such corporation whose prin-
cipal place of business or chief works are
located outside of this State, shall apply
to the Secretary of State for a certificate
of incorDnr3tinD If shall he his 6utW IN
make the assessment and receive the tax
before issuing such certificate of incor-
poration. and such tax shall be by the
officers herein mentioned turned into the
State Treasury. But If such certificate be
issued after the first day of July. he shall
assess one tenth the amount of the annua
license tax for. each month. or fractional
part of a month, to ensue before the first
day of the next May, but in no case shall
the amount assessed and collected he less
b ten dollars. Thereafter, on or before
the first day of May next following the
date of the certificate Of Incorporation,
and on or before every succeeding first
day of May, the Auditor shall collect such
tax for a full year as herein provided,
except that If the certificate of incorpora-
ton be issued on or after the first day OF
March and before the first day of the en-
assess, and collect the tax for the full
year. beginning on said first day of May
in addition to the initial tax.
That section Lightweight of chapter
INN - - W. "a LiIC 1Oht NC al Nv Ednkf
is hereby amended and ~e-enact so as &c
read as follows:
Reports.
IS. Every corporation incorporated under
the laws of any other State or country
and which has complied with section
thirty of chapter ffty-four of the Code
or which shall hereafter comply with the
same, and desiring to avail itself of the
privilege herein set forth, shall make
report to the Auditor on or before the first
day of May, and annually thereafter on OF
before the first day of March, i'm which
report shall be set out:
L. The name of such corporation, this
name of the State or country by whieh
Incorporated, the date of Incorporation
and postofhce addresses of its president
secretary and of it's officer Of any
charged with the duty of making returns
of its property for taxation;
ii. The number of shares of its author.
lied capital stock and the par value oi
each share.
III. The amount Of the property owned
and used by such corporation in the State
Of West Virginia, where situate. and oi
what Ii consists, and the value OF fits
property owned and used outside this
State; and
". The proportion OF it's capital stock
which is represented by property owned
and used In the State of West Virginia.
which report shall be verified by tho
afhdaytt of the president. secretary OF
other executive officer Of such corpora
ton. 1t shall be the duty OF the Auditol
to lay such report before the Board OF
Public Works and the duty OF the board
TO asses and fix its license tax according
to the proportion Of it's capital stock which
is represented by It's property owned and
used in this State. according to the rates
prescribed in section IS OF this chapter
An GrHnh ~ ~AAN - 49,