Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-02-22

provides for an annual license fee upon
domestic and foreign corporations doing
business in the state, graduated according
TO the amount OF the capital stock and run
ming from s. to 500 per year 1t Is esti-
mated that the license fee will produce
approximately $4,000 in revenue for the
state every year The scale. according TO
capitalization. is az follows;
Corporations having a capital stock %, o.
$4,000 OF less S. between $4,000 and $1,000,
$40; over $4,000 and not exceeding xy0,gyo
so: over $4,000 and not exceeding 10000
!99, over $1,000 and not exceeding $500 5000
SO: over $4,000 and not exceeding d.QOO,0go
500; bver 81 10000 and not exceeding S2,OOO'-
900, $50: over S2,0OO.OoO, 500
The bill provides this license fee shall be
due and payable on the first day OF June
each year 10 the secretary of state. II not
I,aid on or before o'cloek D. m. September
i. next after. It shall become delinquent and
there shall be added thereto the sum OF sl0
The bin provides that the secretary OF state
shall on or before September IS report to
the governor. a list of all delinquent cor
porations and the governor shall forthwith
Issue a proclamation declaring the char
tiers of such delinquent domestic corpora
lions forfeited and the right of delinquent
foreign corporations to do business In this
state to be forfeited unless payment Of the
license fee together with the penalty be
made to the secretary of state on or before
the hour OF o'clock p. m. November ~
next following. At that hour the charters
Of all delinquent domestic corporations
which have failed 20 pay the license fee
and the penalty and the right OF all de-
linquent foreign corporations TO do business
in the state which have failed to pay the
license and penalty shall be forfeited.
All educational. religious. scientific and
charitable corporations and all corpora
lions not organized for pecuniary profit
are exempt from the provisions Of the act,
Penalties provided for evasion are fine
OF from S1CO to 81. 900 or imprisonment in
county jail from fifty to 500 days, or both
fine and Imprisonment.
killed One Bill.
The senate today killed Senator slbley's
bill relating to the assessment of mercln-
tile and grain companies and foreign cor
porations. The bill required the companies
to produce books and papers and other evil
dence showing their gross earnings. indebt-
edness and other items on the ledgers to
assist in making n valuation Of their props
erty for assessment. Several amendments
affecting the mode of procedure Wee Of
fered but after a discussion the bill was
indefinitely postponed.
Gibson's Measure to BE Recast.
Gibsons bill to prohibit brewers from
owning an interest in saloons and to limit
the number of saloons according to pop
ulation was before the senate for fifteen
minutes this afternoon and after discussion
was recommended to the judiciary COM
mittee with instructions to redTaft 1t 10
get rid OF features that might render II
unconstitutional. The contest was on the
question OF whether 10 send it to the judlc-
larry committee or Gibsons committee on
municipal AFFAIRS which reported it origin
| ally McKesson offered a molten TO require
the committee to report II back to the SEN
ate in five days, but Il was killed by a
vote Of Is to 16. The vote was a tie but
Gibson, who was in the chair. decided II
in favor of the negative.
Railway Commissions Dill.
| The senate made s. F. 3O1. the Joint com
mlttee railway commission bill, specia
order for next Thursday afternoon at
! o'clock The bill was reached on genera
file this afternoon, but was ndt taken up
the proposal to make VI a special orde
for next week being unanimousl!
| agreed to,
| The news of the decision of the suprem
court holding valid the railway commits
sion amendment was carried to the senat
by Senator Wiltse. who announced 1t dur
ing lull in business. 1t was received wit
loud applause. ,,s az. 1-u