The Birmingham age-herald., 1907-07-03

capital here; and surely nothing Is more needed.
 'lt Is understood that J. B. Ellis who backs up Governor Conner in this foreign loan tax legislation, has placed less than 5000 of outside money in Jefferson coun- ty and l doubt if he has placed as much as $75,Oo0 In the entire state
 What men like Marx and others, who have handled large sums, say touching this vital question should count cer- tainly cannot conceive of any legislation that could have given Alabama such d black eye as the one now under disctls- sion."
 Text of Obnoxious Law.
 fhe amended law about which there has been so much discussion and whose repeal Is sought Is as follows:
 No. 336) AN ACT TT gi5 To amend Section 1921 and 1922 of the
 Code of 1896
 section l. Be it enacted by the legis- lature of Alabama, That section 1921 of the code of 1896 be and the same is hereby amenced 80 as to read as follows: 1921. Admission fees exacted of foreign cor poraticps-No corporation created by the laws Of any other state or of any for eign country shall engage In or transact NshS OtSiitbS III luls Sldle without 1fSr having paid into the treasury, for the use or the state, the following charter fees: Each foreign corporation whoss actual amount of capital employed or to be emr loved in the state Is $100 or less. shall pay charter fee of 20 per cent Of the actual amount of capital employed or to be employed fin the state by It. Each foreign corporation whose actual amount of capital employed in this state eXcpp0y S1np and 1OaQ shall pay charter fee of % per centum upon the first S100 of the actual amount Of capital employed in this state by it, an. per cent upon all such remaining actual amount of capital employed in this state by 1t over S1OO and up to and not exceeding the said limit of 5000 Each foreign corporation whose actual amount of capital employed .n this state exceeds SlOO0 shall pay a charter fee of 25 per centum upon the first s100 of such actual amount of capital employed in this state by 1t over $100 and up to $1000 And one- tenth oc 1 per cent of such actual amount of capital in excess of 5000. All corpora tions or mutual companies which have no capital stock shall ray a fee of s25 pro- ! vided that all foreign corporations which have heretofore, bona flde. qualified under prior existing laws, shall receive credit for the amount paid by them on any amount falling due by the provisions of this act
 Sec. 2. That section 1922 of the code of 1906 be and the same Is hereby amended so as to read as follows: 1922. Statement to be filed-Such foreign corporation shall at the time of paying such fee into the treasury file in the office of the state auditor an instrument of writing under the seal of the corporation and signed of- fcial1y by the president or other chief officer and the secretary of such corpora ton. and the state or county under whose laws 1t was incorporated. the amount of the total authorized capital of such cor poration, the total amount of the actual pald-in capital of such corporation, it's principal place of business, the name of the authorized agent of such corporation ton In this state and the location of the principal place of business of such cor poration in this state and also q state- ment showing the actual amount of cap- ital employed in this state by such cor poration if such corporation is at the date of the filing of such statement en- gagged in business in this state. and if such corporation Is not at the date of the filing of such statement engaged in busi- ness in this state. statement shall stats the actual amount of capital to be em- ployed by such corporation in this state, which statement shall be sworn to by such president or other executive officer and the secretary of said corporation be- fore some officer authorized under tho laws of this state to administer oaths or