Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1907-08-08
No. SAG, Al Published July Is, 1907.
CHAPTER $50, LAWS or 1907.

Approved July 10, 1907.
No. $40, Al Published July IS, 1907.
CHAPTER 562, LAWS OF 1907.
AN ACT to amend sections 1770b, 1872,
1774a, 1726e and 1911, of the statutes,
as amended, relating to foreign and do
nestle corporations.
The people of the State of Wisconsin, rep
resented in Senate and Assembly, do
enact as follows:
Section /. Subdivision of section
ton 27, chapter 351 of the laws Of 1899,
section i, chapter 800 Of the laws of 1901,
section /, chapter 434 of the laws of 1901
and section i, chapter 800 of the laws Of
eign corporation which has heretofore filed
with the secretary of state copy Of its
charter or articles of association or tncor-
poration, or which snail hereafter file the
same required by this act, and every
foreign corporation transacting business in
this state shall annually, be-
tween the first day of January and the
first day of March, file with the secretary
secretary, treasurer or general manager of
the corporation, as Of the first day Of Jan
uary, which shall state:
a. The name of such corporation and
the location of it's principal office or place
Of business without this state, and its place
of business or principal office within this
state, If maintained
b. The names and addresses of the Of
ficers of said corporation, and the name
and address of the agent or manager who
may represent said corporation in this
state.
c. The nature of the business trans
acted in this state during the year pre-
ceding.
d. The amount of capital stock paid in
money, property or services.
e. The proportion of the capt
tai stock represented in the state of Wis
consin by its property located and busi-
ness transacted therein during the pre-
determining the
proportion Of capital stock employed In the
state, the same shall be computed by TAX
ing the gross business in dollars of the
corporation in the state and add the same
to the full value in dollars of the property
of the corporation located In the state. The
sum so obtained shall be the numerator of
fraction Of which the denominator shall
consist of the total gross business in dol
lars of the corporation, both within and
without the state, added to the full value
in dollars Of the entire property of the
corporation, both within and without the
state. The fraction SO obtained shall rep
resent the proportion of the capital stock
represented within the state. The secretary
Of state may demand, as condition prece-
dent to the filing of such report, such fur
Their figures, information and statements as
he may deem proper In order to determine
the accuracy Of the reports submitted the
additional information so obtained shall not
become a matter Of record In the depart
ment of state. The corporation shall pay a
fee of two dollars for filing such report.
poration employs In this state proper
tion of its capital stock in excess Of twenty
five thousand dollars, said corporation shall
pay to the secretary OF state, at the time
of the filing of said report, an additional
fee of one dollar for each one thousand
dollars of such excess, except that the said
corporation shall receive a credit for the
proportion of It's capital stock already paid
for in excess Of twenty-five thousand dol
lars.
t. That such corporation as a
condition of its being permitted to begin
or continue doing business within this
state, shall comply with all the laws of
the state with regard to foreign corpora
lions. In case of failure to file said re-
port In the time above stated, the cor
poration shall pay to the secretary of state
penalty of twenty five dollars If the same
is filed before May first In case
said report is filed by May first,
application to remove into any district
or circuit court of the United States any
action or proceeding commenced against 1t
by any citizen Of Wisconsin upon any claim
or cause of action arising within this state,
the license issued to said corporation shall
be void, and the secretary Of state shall
enter such forfeit in me records in his de-
partment.
Section 2. Subdivision Of. section
177Ob, of the statutes, rs amended by sec
ton 81, chapter 351 Of the laws of 1899,
section haper of of the laws Of of
and section 1, chapter sos of the laws of
1905, is amended to read s. Actions may
be brought against any corporation In the
name by which 1t is commonly known. All
summons, notice, pleading or process, re-
Iating to foreign corporations which have
been licensed under the provisions of this
chapter, shall be served on the secretary
of state in duplicate, one copy to be filed
by him in his Office, and the second copy
to be forwarded by mail forthwith, postage
prepaid, and directed to such corporation
at its principal place of business in the
United States as shown by the last sworn
statement on file in his department, and at
the time of serving said papers fee of
two dollars SHALL be paid to. the secretary
of state, which said fee shall be taxed as
taxable costs In the action.
Section 3. Subdivision of section 1772,
of the statutes, as amended by chapter 23S
of the laws of 1901 and chapter 507 of
the laws Of 1905, is amended to read :
z. Such other provisions or articles, If any
not inconsistent with law, as they may
deem proper to be therein inserted for the
interests Of such corporation or the &C.
complishment of the purposes thereof, in
Guiding, if desired, the duration of its ex-
istence. In case the corporation Is formed
without capital stock the articles shall fix
the time and place for the first meeting for
the election of officers and the sgners of
such articles shall give notice thereof to
the members In the the manner provided In the
true copy thereof, verified as such by the
affidavits of two of the signers thereof,
shall be filed with the secretary of state.
ike Verlueu copy anu ceFLIucdIe
of the secretary of state showing the
date when such articles were filed
and accepted by the secretary of state,
within thirty days of such filing and ac-
ceptance, shall be recorded by the register
of deeds of the county in which such cor
poration Is located, and no corporation
Shall until such articles be left for record.
have legal existence. The register of deeds
shall forthwith transmit to the secretary
of state a certificate stating the time when
titled to a fee of twenty-five cents therefor
to be paid by the person presenting such
papers for record. Upon the receipt of such
a certificate of incorporation. For filing the
articles of incorporation Of corporations for
the manufacture of beet sugar, or of but
shall be paid to the secretary Of state ten
dollars and for the fling an amendment
to such articles, five dollars; for filing In
his office the articles of any other cor