The Montgomery advertiser., 1907-03-16
AN ACT.
Frank N. Julian.
 Secretary of State.

No. s34) AN ACT. (H. 611. To provide for the revenue of the
 State. by requiring all foreign cor
 porations authorized to do busi-
 ness in this State under the laws
 of the State of Alabama. to pay
 an annual franchise tax.
 Section l. Be 1t enacted by the Leg islatuFe of Alabama, that every for eign corporation authorized to do bus mess 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 Probate of the County in which 1t has a resident agent a fran chise tax for the use of the State of Alabama, as follows: A. Each foreign corporation whose actual 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. K. Each foreign corporation. whose ac- tual amount of capital employed In this State exceeds one hundred dollars and does not exceed one thousand dol lars. shall 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 such 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 centum on the first One Hundred Dol lars of such actual amount of capital employed In this State by it. and five ,TI
 tai employed by 1t in this State in ex- 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 written statement, under their oath. to the Judge of Probate, showing the name of the corporation the State or Couh- try under whose laws 1t was incorpo- rated 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 1t Is a corporation at the time of the state- ment authorized to do business In thls State, or the actual amount of capital it Is proposed snail be employed in this State if it Is a corporation not then qualified 10 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- tained 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