The Birmingham age-herald., 1907-03-16

than one Is required or asked for, within twenty days after the same shall be de- manded, in writing, by said Railroad Com mission. or failure to give any addi- tional bond in this section provided for, when legally required by said hailroad Commission, within fifteen days after notice or demand in writing, to give such bond shall ipso faeto immediately vacate and render null and void said injunction or restraining order or decree and the rates which, or the enforcement of which, were enjoined or restrained shall at once be revived and In force without any fur ther order of the court The notices or demands above provided for may be given by registered letter addressed to any SUD- erintendent or managing officer of said railroad in this Etate, or without the State.
 Approved, March 4, 1907
 Official:
 Frank N. Julian,
 Secretary of State.
 To provide for the revenue of the State,
 by requiring all foreign corporations
 authorized to do business in this State
 under the laws of the State of Alabama,
 to pay an annual franchise tax
 Section l. Be 1t enacted by the Legis- lature of Alabama that every foreign corporation authorized to do business in this State under the laws of the State of Alabama, except strictly benevolent, educational or religious corporations, shall pay annually to the Judge of Pro- bate Of the County In which 1t has resident agent, a franchise tax for the use of the State of Alabama, as follows: A. Each foreign corporation whose ac- tual amount of capital employed in this State, is one hundred dollars or less, shall pay an annual franchise tax of twenty-five per centum of the actual amount of capital employed in this State by it. B. Each foreign corporation, whose actual amount of capital employed in this State exceeds one hundred dollars and does not exceed one thousand dol lars, shal pay an annual franchise tax of twenty-five per centum upon the first one hundred dollars of the actual amount of capital employed in this State by it. and five per centum upon all sumh remaining actual amount of capital employed in this State by it, over one hundred dollars, and up to and not exceeding the said limit of one thousand dollars. c. each foreign corporation whose actual amount of capital employed in this State exceeds One Thousand Dollars shall pay an an- nual franchise tax of twenty-five per centun on the first One Hundred Dol lars of such actual amount of capital employed in this State by it, and five per centum upon all such actual capi-
 
 cess of One Hundred Dollars and up to and including One Thousand Dol lars, and one-tenth of one per centum upon all such remaining actual amount of capital employed in this State by it over and above One Thousand Dollars. E. The President, or other executive head, and the Secretary of every for eign corporation subject to a tax un- der this Act, shall make a written statement, under their oath, to the Judge of Probate, showing the name of the corporation, the State or Coun- try under whose laws 1t was incorpor- ated, it's principal place of business in this State. the total amount of It's cap ital stock, the actual amount of capi- tai employed in this State if is a corporation at the time of the state ment authorized to do business in this State, or the actual amount of capital it is proposed shall be employed in this State, if 1t is a corporation not then qualified to do business in this State. The Judge of Probate shall have power to summon before him any of the officers of the corporation. or any other witness. and to swear and examine them and to inspect any of the books, papers or documents of the corporation. and for that purpose to compel their production; and If he is satisfied from the evidence thus ob- taned that the amount of the capital of the corporation actually employed or to be employed. as the case may be. in this State, Is placed in the statement at a less amount than it should be. 1t shall be his duty to demand payment of the tax upon the amount of capital which he finds is actually employed or to be employed in this State Either the State or the corporation may ap- peal from his finding to the Circuit Court in the same manner as may be done when the Court of County Conn., missioners passes upon a contested as- sessment of property off taxation, and the proceeding subsequent to the ap- peal shall be the same as in such cases. F. No foreign corporation which has paid the tax required under this Act. shall be required to pay the taxes i'm poved by Subdivision "A of Section 4122 of the Code of 1896 as amended by an Act of the General Assembly entitled an Act of the General Assembly entitled an Acs to further amend the Revenue laws of the State of Alabama. approved March 5th, 19O1 G. No foreign corpora tion required to pay tax under this Act shall do any business in the State of Alabama not constituting interstate commerce, or maintain or demand any action in any of the courts of this State, upon a contract made in this State other than contracts based upon interstate commerce unless such cor poration shall have paid such tax with in sixty days after the same become due. H. No corporation required by the provisions of this Act to pay a franchise tax which corporation shall have paid the license taxes for this current year as provided by the corpora tion laws now In force in this State shall be required to pay franchise tax under this Act before the first day of January, 1908. 1. The payment of the franchise tax required by this Act, in any one county shall be sufficient not withstanding the said corporation may do business, or have a resident agent in more than one County. J. The pay ment of the franchise tax herein re- quired shall not exempt any corpora ton paying the same from the payment of the regular license or privilege tax specified or required for engaging in or carrying on any business for the engaging in or carrying on of which a license is required of individuals, firms or corporations.
 Sec. Q That in addition to the amount of franchise tax required to be paid by each foreign corporation to the State, such foreign corporation shall pay to the County for the use of such County an amount equal to one-half of the amount paid by it to the State; and such amount so received shall be paid over by the Probate Judge to the County Treasurer for the use of the County.
 Approved March 7 199I-
 ,,1.