Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-03-14
FOREIGn CORPORATIONS
BILL OFFERED BY REPRESENTA-
TIVE KAHN YESTERDAY.
Regulations for Those Doing Bust
ness in the District Prepared by
Deputy Recorder of Deeds.

VI Noiuiloid VI IL ~
understood the measure was prepared az
Mr.. Kahn's request by Deputy Recorder
of Deeds Duttcn. and ii is said. closely
follows those provisions of n bill miro
duced in the House by ex-Representative
Babcock January - 1906. to amend the
District code relative TO foreign corpora
tons. Mr.. Babcock's bill having been pre-
c. Clephane. member OF the District
bar and well-known authority and
writer on corporations.
The first section OF Mr. Kahn's bill pro
vides that no foreign corporation sh,r
engage or continue in any kind of bust
ness in the District of Columbia. the
transaction of which. by domestic cor
poratons, is not permitted by the laws o.
the District
The second section OF the bill provides
that every foreign corporation now en-
gagged in business in said District, and
every foreign corporation hereafter en-
gaging in business in said District shalt
ME In the office OF the recorder of deeds
OF SAID District certified copy Of its
cnarter or certificate of Incorporation to-
sether with statement signed and
sworn TO by it's president. treasurer and
majority of it's directors. trustees or
managers. showing the amount of lis
authoTized capital stock and the amount
.neieoI winch has been paid in and il
any part OF such payment has been made
otherwise than in cash. such statement
SnaIl set forth the particulars thereof:
rIo'loed mat the provisions Of this sec
'ioh Shaii not apply 10 corporations and
associations created for religious or char
liable purposes only.
Recorder of Deeds as Attorney
IL is required by the third section Of
'ne Dill mat every foreign corporation
shail appoint In writing the recorder OF
deeds OF said District and his successors
Ia he
processes In any action or proceeding
against it may be served. and in such
writing such corporation shall agree thar
any process against Ii which Is served on
such attorney shall be of the same legal
Iorce and validity as If served on the cor
poration. and that such appointment shall
continue in force as long as any liza bility
remains outstanding against the corpora
ton I'm said District Such original an
some att,c shall be ack1owledged before
encouragement of deeds. and shall he
filed In the Office of said recorder of deeds
and copy certified by him or by the
deputy recorder of deeds Shall be suffic-
ent evidence of such appointment and
agreement. Service upon said attorney
shall be sufficient service upon the princi-
pal. and may be made by leaving duly
attested copy of the process with the said
recorder of deeds at his Office, or, i'm the
absence of the recorder. with the deputy
recorder o. deeds of said District: Pro-
NlOou, C0dl pOSt ONCE ADDRESS OF every
such corporation shall be filed with said
recorder of deeds with its power of at
torney, and from time to time statements
Of any change of address of said corpora
ton: Provided. further. that Immediately
after being served with or accepting any
such process or notice: the said recorder
Of deeds shall make and file with said
power Of attorney copy of such process
or notice. with Il notice Endorsed thereon
of the time of service or acceptance. as
the case may be. and transmit such proc
ess or notice by registered mail to such
corporation at the address last furnished
as aforesaid. and said recorder of deeds
shall keep q record OF all processes served
upon him. showing the date and hour
when such service was made.
Filing of Certificates.
The remaining sections o. the bill. which
were recerred to the District committee,
are as follows:
Sec. 4. That every foreign corporation
shall. within thirty days after an increase
or reduction of its capital stock or change
in par value of its shares. filed In the
office of the recorder o. deeds Of said
District a certificate thereof substantial
ly like that required of domestic corpor
atoms under like conditions.
Sec. ). That every foreign corporation.
ETC.. which is not required by law To
make annual returns to some other Of
fetal in said District shall annually.
within thirty days after each and every
annual meeting. make and file a report
containing. in addition to the Information
required from domestic corporations. a
statement to the time when the annual
franchise tax. If any. was paid In Its
home state. and the amount o. such tax.
Sec. q. That every foreign corpora
ton doing banking, mortgage loan. in
veStment or trust business shall Indicate
in letters equally conspicuous with its
name. upon all signs. advertisements.
4 Il
which contain its name. the state. Jurls-
diction or county i'm which II is chartered
or incorporated. No such corporation. and
no person engaged in any such business
shall carry II on in or under name which.
previous to such use. was in lawful use
by corporation which was established
under the laws of the District of Columbia
and was carrying on the same or SINH
lar business or in or under a name so
similar thereto as to be liable to be mis-
taken for it. The Supreme Court of the
District of Columbia shall have jurisdic-
ton i'm equity to enforce the foregoing
provisions of this section. Whoever vio-
lates the provisions of this section shall
be punished by fine Of not more than
81 900.
Documents to Be Preserved.
Sec T. That the recorder of deeds Of
the District of Columbia shall carefully
preserve in his Office all documents re-
quired by this act to be filed with him.
and cause The same TO be accurately re-
corded and indeXed in wcll-bound books
to be kept i'm his office. and for so Ming
and recording said documents he shall.
before receiving them for record. collect
the fees now prescribed for filing index
ing and recording other instruments. Pro-
vGed, that. in addition to the fees before
mentioned in this section. every foreign
corporation shall pay TO the said recorder
of deeds the following fees:
For filing a copy of its charter or GER
tificate of INCORPORATION. as hereina bove
required. ten dollars.
For filing the financial statement re-
quired to be filed with It's said charter
or certificate of incorporation. five dol
lars.
For filing a certificate OF increase or re-
duction of capital stock. three dollars
For filing an annual return or report.
two dollars.
For fling any other statement. power
of attorney any other document re-
quired by law to be filed. one dollar.
Sec. 8. That action shall he
by any foreign corporation
In the District of Columbia until IL shall
have complied with the provisions Of this
act.
Sec. Q. That any corporation violat-
ing or failing to comply with the pro-
visions of sections I. =. 3, or of this
act shall forfeit fifty dollars as penalty
for such violation failure. to be re-
covered by suit at the instance of the
District of Columbia in any court Of COM
petent jurisdiction. and each days viola
be considered to give a new and distinct
riCbt of action therefor. and il shall be