The Corvallis times. (Corvallis, Or.) 1888-1909, 1903-03-11

AS P@AoShSA a40 AUt CAulOlL duy
emotion whatever but stood still
until the sheriff turned him around
to take him back to Jail. He then
gave great sigh as if his last hope
had gone.
In the midst of the stiffness of
the courtroom the clock on the tow
er struck 10.
Salem, Or, March S.-Corpora-
tions Jared very well at the hands
of the last legislature, for, though
there were number of measures
passed, and many more introduced,
affecting these organizations, noth-
ing was done that could in any way
make this a less attractive state for,
the operation of corporations. A
general corporation license tax law
was passed, providing graduated
fees for organization and annual IL
cense charges based upon the a.
mount Of the capital stock, yet the
fees required were moderate. and
would not be burdensome to any
concern operating upon legitimate
business basis. Several bills hav-
ing for their purpose the assess
ment and taxation of the franchls-
es or intangible property of certain
classes of corporations, were defeat
ed, much to the disappointment of
large number of people, who were
believers in the enactment of such
Ia law.
| The license tax law will go into
effect May 81. It provides that all
corporations hereafter organized in
this state shall pay the fees therein
set forth, and at the same time the
annual license fee for the aucceed7
ing fraction Of a fiscal year. The
fees required, are as follows:
| Where the capital stock does not
exceed $4,000, a fee of $1o; capital
stock from $4,000 to $1o,ooo, a fee
of SIS; capital stock from $1o,ooe
to $25, 900, a fee of $40; capital
stock from $25, 900 to $4,000, a fee
of $25; capital stock from 5000
to $1oo,ooo, a fee of $35; capital
stock from $1eo, 600 to $4,000, a
fee of $45; capital stock from $780,
900 to 5000, 900, fee of $50; capi-
tai stock from $5oo,ooo to 81 700, 900
a fee of $75; capital stock from ST.
600, 900 to 81, ooo, 900, a fee of $780,
capital stock exceeding $4,000, 900.
| a fee of $1oo.
This tax does not apply to corr
porations formed for literary, scien-
tific, educational, religious or char
liable purposes, but such corpora
tions are required to pay a fee Of SIS
on organization. On an increase
of capital stock, the same rate of
fee must be paid on the increase as
for original incorporation, and on
a decrease of capital, dissolution or
filing of supplemental articles, a
fee Of SIS.
Every corporation, whether al,
ready organized or hereafter organ
ized, and every foreign corporation
doing business in this state, except
insurance and surety companies,
must, during the month of June of
each year, file with the secretary
of state a report showing the same,
ETC., date of annual meeting and
names of officers.
Memphis, Tenn, March THE
water has been pouring through an
unfinished gap in the st. Francis
levee for two days and the counties
of Lee and Crittenden, in Arkan-
sas, are overfowing. Reports from
points south of Memphis state that
many farmers and dwellers in the
lowlands have left their homes
with their stock.
Washington, D. c., March T.
Senator Mitchell. who has been en-
joying fair health for couple of
weeks, was taken suddenly and Sc
riousiy i'll yesterday and today is
confined to his bed suffering from
high fever. His physicians fear
that his strength is 30 far wasted
that his recovery to complete health
will be very slow at least. There
is grave fear of complete break
down which would be almost cer-
tain to result fatally.
If it's bilious attack, take
Chamberlain's Stomach and Liver
Tablets and quick recovery is cer-
tain. For sale by Allen & Wood