The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1911-02-03
LEGAL.
| Published in The Topeka State Journal
| February 3, 1911.E
SUBSTITUTE ron SENATE BILL

- - Y - -@S---I
SUBSTITUTE FOR SENATE BILL
AN. ACT to amend section % of chapter
~ OF the Session Laws of 1907 and
posed I,non g cornaps tinns iees I'M
in Kansas.
Be i enacted by the Legislature of the
Section l. That Section % of Chapter
- OF the Session Laws of 1907. being
kansas Of 1sOe be and the same IS her HEREBY
amended so as to read as follows: Sec.
ITO Every corporation for profit here
aIter organized In this state shall pay
to the secretary of state, at the time OF
filing its articles of Incorporation, a fee
upon the amount of the authorized cap
ital of the corporation. to wit: ID For
ital of one hundred thousand dollars or
less. the fee shall be one-tenth of one
per cent of the amount; provided, that
paid by any corporation shall be ten
dollars: 90 For a corporation having an
authorized capital greater than one hum
bred thousand dollars. the capitalization
rec shall be one hundred dollars, and, in
addition thereto, one-twentieth of one
over or in excess of one hundred thou
sand dollars; provided, that any domes-
scientific, educational, political, social. or
publicity and advertising purposes, hav-
ing a capital stock divided into shares
put not Tor Profit and having in its char
ter a provision that mo dividends of
profits. shall be paid on the capital stock
OF this corporation" shall not be held to
be a corporation for profit and such cor
poration shall not be required to pay any
capitalization fee. 60 Every foreign cor
to engage in business in this state shalt.
before such certificate of authority is
fee to be known as a capitalization fee,
based upon that proportion of its lawfully
vest and use in the exercise aed e co
ment of its corporate privileges within
this state to wit: (a) For Corporation
stock in Thea state of kansas, or any less
amount. the fee shall be one-tenth of
one per cent of the amount: provided
that the minimum capitalization fee to
be paid by any corporation shall be $1,000:
OBJ For corporation proposing to use a
within the State of Kansas than $780,
000.00, the capitalization fee shall be $4,000.
one per. cent of the amount of such cap
1tals to be used in Kansas over or in ex-
cess of $1oo,e0ooo. "a The duration of a
domestic corporation may be continued
and its. corporate existence extended for
successive periods of fifty. years by
ton, as provided in section II of the
act to which this is amendatory; pro-
v va, that such corporation shall pay to
are herein provided for chartering new
corporation. The Duration of certificate
ton shall be limited to the corporate
existence of its charter as shown by the
time such certificate of authority was
granted, but such authority shall not be
extended for any period exceeding fifty
business in this State shall increase its
capital stock as heretofore. provided, 81 CHI
State at the time of filing certificate
thereof, a capitalization fee OF one tenth
of one per cent on the first $100,
less of such increase: provided, that the
minimum capitalization fee to be paid
by any corporation for increase of cap
a
Increasing its capital stock to any
amount over 100000 the fee for such
thereto one-twentieth of one per cent of
the amount over and in excess of $780,
same fee for Increased capitalization as
domestic corporations, except that the
fee shall be based upon the amount of
baeness IN the sste of Kansas m oz
vided the minimum fee shall be $1,000
go When an action is brought in any
court of this State against foreign cor
poration doing business in this State, the
plaintiff in the action shall deposit with
the clerk of such court q fee of $3.50 to be
taxed as costs in the case and called the
service of process fee, which fee shall be
of such court along with summons in
such case
secretary of state that there are reason
able grounds for believing that a foreign
corporation seeking to do business in
Kansas has understated or underestimate
ed the amount of its capital stock which
it proposes to, use or does use in the
exercise of its corporate business. within
by authorized to cause investigation
to be. made at the expense of such cor
poration, of the corporate capital, bust
ness and assets of any such corporation.
and his findings pertaining. thereto shall
ness of such finding upon the company.
and the company shall be liable forth
fee "a provided in this act based upon the
estimate of the secretary OF state or the
corporate. capital business. assets and
use and enjoy within the state of Kan
Sec. 8. Original section % of chapter
14O of the Session Laws of 1907. being sec
ton 1870 Of the General Statutes Of Kan
Sec. 4. This act shall take effect and be
in force from and after It's publication in
'n hereby certify that the above bill
originated in the Senate and passed that
House amendment con :urre l in Febru-
RICHARD +. HOPKINS.
Preside It of the enate.
WALTER A. JOHN ION,
Secretary of the Senate.
Passed the House il nuary q; i9u;
spea :sr Of the House
Chief Clerk of the House.
Approved February Ind. 1911.
w. r. STUBBS, Governor.
STATE OF Kansas
office of-the Secretary of State
T. Chas. H. S sssiosis, Secretary of State
of the State of Kansas, do hereby certify
that the above and foregoing is a correct
copy of the iginal enrolled bill now on
file in my off e.
IN TESTTr oNY WHEREOF, L have
he -eunto subscribed my name
TSeal.1 al / affixed my official seal.
II is End day of February. 1911.
CHAS. H. SESSIONS.
Secretary of state.
PICTURE FRAMING.
FRAMING. regilding. mat making. mount
ing done by j. D. Sullivan 122 w. Eighth
street. Packing. shipping. etc.