The Richmond Virginian. (Richmond, Va.) 1910-1920, 1910-08-29

capital stock is over $4,000 and does
not exceed 100000. so cents for
each thousand dollars or fraction
thereof. and so on q graduated scale
up to 100000 900.
Pay But Once.
This entrance fee is to be paid
but once. that Is, when the foreign
corporation obtains its license, as IT
must do in order to be authorized to
do business In the State Of Virginia.
Then by the law provides for an
annual registration fee to be paid by
every domestic corporation, and by
every foreign corporation doing bust
ness In this State, and here again a
graduated scale, based upon the maxi
mum capital stock Is provided-for
7 example, where the maximum capital
il $4,000 or under, this annual reg
istration fee is IS. and where the capt.
tai stock Is over $4,000 and does not
exceed $50, 900. the annual registration
fee is $780,: where the capital stock
does not exceed 100000, the annual
registration fee is SIS; where 1t Is over
( 100000 and less than 100000, the
annual registration fee Is $50; and
where the maximum capital stock ex~
ceeds 100000. 1t Is s25,
! And the law also provides for the
payment by dom este corporations and
( foreign corporations doing business in
this State Of an annual franchise tax.
which is also graduated according to
/ the maximum capital stosk of the
compcny. Where the capital stock Is
( SIS, 900 and under, $40: from 5000
/ TO $4,000. $40; over $4,000 and I'M
der sfoo, ooo,- *ft.-over -sfto,eot and
under 100000 $50; over $4,000
l,, nf
over 100000 and not exceeding ST.
/ 000, 900. 5000. and in excess of $1,000
! 600. an additional sum Of $40 for each
( hundred thousand dollars or fraction
( thereof in excess of $40 900.
! Useless to Argue.
This tax must he paid by all COR
porations doing business In this State.
( BY the express terms of the contract
which your company proposes 10 enter
into for furnishing school books In
this State. you undertake. contract and
! agree to keep these books on sale at
all necessary and convenient places in
each county and city of this State,
and the books are sold there for use
in our public high schools. and IL can
not be successfully commended, either
as matter of law. or of fact, that a
corporation carrying out this contract
il not doing business in Virginia, and
Ii is equally as useless to contend that
such sales constitute or I'm any way
partake of the nature OF interstate
commerce business, for we have moth
ing whatever TO do with any contract
or arrangements YOU may make with
local book dealers to enable YOU TO
comply with your contract to keep
these books on sale I'm each county
and district OF this State.
sour law further provides that ev-
cry corporation doing business In Vir-
gtnia shall have an office In this State
at which all claims against the conn
pany due residents of the State may
be audited, settled and paid, and our
law expressly provides that every for
eign corporation before doing bust
ness I'm this State shall present to the
State Corporation Commission a pow
er OF attorney, executed in duplicate,
appointing some person, resident OF
this State, as agent upon whom all
legal process against the corporation
may be served, and that such corpora
ton shall file with the Corporation
Commission two duly authenticated
copies of the charter of the corpora
tion, and the certificate OF the Audi
tor of Public Accounts (of Virginia1,
showing the payment into the treasury
of the fee required by law 10 be paid
by such corporation, and then shall
obtain from said Corporation Commits
sion a license 10 transact business In
this State.
Until these plain and explicit pro-
Visions OF our law are complied with
on your part, your company is not au-
thorizcd TO do business in this state,
and as matter of course 1 cannot
and VIII not enter into any contract
with your company for furnishing
school books In this State.
IF you desire an additional copy of
our laws 10 the one heretofore sent
you, write me and 1 Will promptly
send II to you.
II enclose you copy of the contract
and OF the bond to be executed by
your company, and / am prepared TO
close this contract with you as soon
as you shall have compiled with the
Virginia law, and have put yourself
in a position which authorizes you
to execute this contract and bond.
Awaiting your reply, / am, 4a
Yours very truly,
SAMUEL w. WILLIAMS, E
attorney General OF Virginia"