The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1907-08-15
State Secretary Frear Sends
Communication to Incorpo-
rated Companies in City
CHAR TIERS MAY BE ANNULLE0
New State Law Makes it Mandatory on
the Corporations To Send To the
State an Annual Report ofTheir
Business Before January

Every incorporated company in Ke-
nosha this morning received com
munication from Secretary of State
James A. Frear to advise them of the
latest Legislative enactment of the
state of Wisconsin in regard to cor
porations and to explain the effect of
the laws enacted in 1905. The letter
aims to especially call the attention of
the incorporated companies to the
law in regard to the annual reports to
be made to the secretary of state as
the new laws enacted at the session of
the Legislature just closed have made
these reports mandatory and the Sec
rotary of state is given the power to
annul the charters of all compan MES
not complying with the law. In his
letter Secretary Frear states that last
year some 10000 of the $4,000 incor-
porated companies in the state COM
piled with the law and that the
charters of those who did not comply
with the law might be annulled later.
Kenosha is credited with about
eighty incorporated companies and
less than half of these failed to make
proper returns of their business DUR
ing the year just closed. In his letter
Secretary Frear quotes the Law in
regard to this matter, a portion of
which is as follows:
every corporation for profit, or
gained under the provisions of this
chapter, shall annually, x
between the first day of January and
the first day of March, file with the
secretary of state report sworn to by
the president, secretary, treasurer or
general manager, or if the corpora
ton is in the hands of assignee or
receiver, by such assignee or receiver,
as of the first day Of January pre-
ceding, which shall state:
81. The name of such corporation
and location, giving street and num-
Der.
-. The name and address of the
officers and directors of such cor
poration, giving street and number.
20. The amount of authorized
CdplIdl STOCK.
"a. The amount of capital stock
actually paid in money, property and
services.
SIS. Whether such corporation was
engaged in active business during the
preceding year.
SO. Nature of business transacted
during preceding year.
81. In what states such corpora
ton is licensed to transact business
as foreign corporation.
Tin case such corporation fails to
file its report, as above set forth, it
shall be allowed to file such report
prior to June first on payment to the
secretary of state of forfeit of zen
dollars. In case said report is not
filed June first, the secretary of state
shall cause to be published once a
week for three successive weeks a
notice of such failure, in newspa per
published at or near the location of
said corporation, as shown by the
records of his department; and the
register of deeds of each county shall
post in his Office list of the copora-
tons located in such county failing to
SO report. Such corporation shall be
allowed to file its said annual report
prior to January first on payment of
the forfeit, as above set forth, and on
payment of the costs Of publication.
In case said report is not filed by said
January first, the corporate rights and
privileges granted to such cor poration
shall be forfeited and the secretary of
state shall enter such forfeiture on
the records of his department.