The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1910-02-02

! represented by properly owned and
used end by business transacted IN
lth's state.
section 9. The return made by
foreign corpora ions doing business
in this s,ate shall not be exclusive as
to The proportion of their authorized
capital represented by business done
In this state, but whenever 1t shall
be made to appear to the corporation
commission that some other propor-
ton than that shown by the state
ment returned by such foreign cor
| poration more correctly represents
the true proportion of the eanital
stock represented in this state, they
shall, after giving ten days notice to
! fhe designated agent or service,
! proceed to determine such true pro
/ portion, and such foreign corpora
/ tion shall thereupon, subject to the
penalties provided in this act, pay a
| license fee upon the proportion Of its
capital stock represented by bust
ness done in this state as so asce'-
tanned and determined by the corpo-
ration commission.
Section Z The license tax hereby
provided for shall authorize the cor
poration complying with the provl-
sions Of this act to transact It's bus
mess during the year, or for any frsc-
tnnal part of such year in which
such license tax or fee is paid.
The term wear as used In this act
shall mean from and including July
first to and including June thirtieth
next thereafter.
Section s. Every domestic corpo-
ration subject to the provisions Of
this act, who shall fail to file the an
nual statement and TO pay the an
nual fee required by the provisions
OF this act for sixty days after the
time provided therefor, shall forfeit
It's charter; and every foreign corpo
ration failing 10 file its statement and
pay the annual fees within the time
required by the provisions Of this
act shall forfeit its license and right
10 do business In this state, but the
state shall have and retain a lien
upon the assets Of every Kind and
character in this state OF every such
delinquent corporation, and may en-
/ force such lien in any court of COM
petent jurisdiction in any county OF
| the state where the property Of such
delinquent corporation may be found.
Section 3. In all cases OF forfeit
ure under the provisions OF this act.
the directors or managers in Office Of
any domestic corporation whose
charter may be so forfeited. or Of
any foreign corporation whose right
to do business in this state may be
so forfeited, are deemed to be trus
tees of the corporation and all the
stockholders and members of the
corporation whose power or right 10
do business is forfeited and as such
trustees shall have full power to set
t'e The affairs OF the corporation and
70 maintain or defend any such cor
poration, or to take such legal pro-
ceedings as may be necessary to fin
ally settle the affairs OF said corpo
ration, and such directors or manag-
ers as such trustees may be sued in
any OF the courts OF this state by any
person having claim against any
such corporation, provided, however,
that no action pending against any
such corporation shall evale, by rea.
son OF It's forfeiture as provided in
this act. but may be prosecuted TO
flnal Judgment and the same may he
enforced by execution with the same
force and effect and In like manner
as ihough no forfeiture had occurred.
And, provided further. that where
anv Judgment has been rendered
against any corporation prior 10 the
I forfeiture Of its charter under the
provisions Of this act. execution may
be issued thereon and the property
in the hands of It's trustees may be
levied upon, seized and sold 10 sat.
isfy the same with like force and ef
feet as though such forfeiture had not
( occurred.
] Section 10 ANY corporation VINO
email fail to file The sworn statement
\ and pay the annual license fees re
4 quired by the provisions of this act
on or before the first day OF August
! of each year shall, in addition to the
other penalties herein prescribed. be
liable TO penalty OF one hundred
dollars for each day II shall so fall
or refuse 10 file said statement ant
! paid said fees which shall be a lier
uDon all OF the property and assets
OF such corporation located in this
state. and may be recovered at the
suit Of the state In any court OF com
petent jurisdiction of the count,
wheTe any property or assets OF sucf
DELINQUENT Is located
! Section II. Any person who shal