Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1902-12-22

the mutual or cooperative plan; and all
assets held by insurance, surety or guar
ar1ty companies or associations as sur
plus, or as necessary reserve under any
contract OF insurance, suretyship or
guardianship.
Sec. 40. Every corporation subject to
the payment of the annual license tax
and having capital stock or deposit Of
fifty thousand dollars or less, is hereby
assessed an annual license tax of ten dol
lars; and for each fifty thousand dollars
or fractional part thereof of capital stock
or deposit in excess of fifty thousand dol
lars, five dollars. But no annual license
tax, except as herein otherwise provided,
shall exceed fifty dollars.
Sec. SO. Such annual license tax shall
cover the period of one year beginning
with the first day of February, and shall
be paid to the state treasurer on or be-
fore the first day of March in such year.
If said annual license tax shall not have
been paid on or before the first day of
March the amount of such annual license
tax shall be increased twenty-five per
cent, providing such tax shall be paid
within one month after becoming due;
and fifty per cent, providing the same
shall not have been paid within one month
after becoming due. The commissioner OF
state taxes may in his discretion waive
the penalties mentioned in this section, if
he is satisfied that the default was on
account of failure to receive blanks or
for any other justif1able cause; and he
may extend the time for filing returns or
paying such tax not to exceed one month
Sec. 81. Every corporation existing I'M
der the laws Of this state and subject to
the annual license tax. shall within ten
days after the date of its organization
file its annual license tax returns with the
state treasurer and commissioner of state
taxes in the manner hereinafter set forth
IN on 1,a 1lt1nx ad ion cf-- he
fiscal year commencing on the first day
of February next preceding; and also
shall pay to the state treasurer the pro
rata annual license tax for the unexpired
portion OF such year, treating all frac-
tional parts OF a month as a whole month.
Il Sec. s. Every foreign corporation shall
likewise within ten days after the date
of it's certificate Of registration in this
state, file it's annual license tax return,
and pay the pro rata proportion of the
annual license tax for the unexpired por-
ton of the then current year.
Sec. So. If such pro rata proportion of
the annual license tax mentioned in the
two preceding sections shall not be paid
and returns made as therein specified the
same penalties shall attach as are pro-
vided in the third preceding section.
Il Sec. 81. Every corporation organized
under the laws of Vermont SHALL except
as herein otherwise provided, be liable
date of it's organization until its dissolu-
ton, or it's charter is surrendered as pro-
vided for in this act, and certificate
thereof filed in the office of the secretary
of state and the Office of the commission
er of state taxes.
Sec. 55. If any corporation or associa-
ton organized under the laws of this
state or any corporation or association
organized under the laws of any state or
government other than Vermont and do