Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1917-04-25

laws Of this state, which appointment
shall contain All express agreement by
1t that any lawful process against it or
any notice relating to taxation under
the laws of this state which is served on
said attorney shall have the same legal
force and validity as If served on it, and
that the authority given in such appoint
nent shall continue in force so long as
any liability to a resident of this state
remains unsatisicd. Such instrument
shall designate some officer or person
to whom the secretary of state shall for
ward copy of the process or notice.
Said commissioner shall furnish blanks
appropriate for such affidavit and ap-
pointment
(Sec. 4SS4' G. L.) The certificate of
authority shall authorize the corporation
to engage in this state in the business
specified in its application Until the first
day of the following April, unless such
certificate is sooner revoked.
(Scc. 4885 G. L. Such corporation
may by statement under its corporate
seal filed with said commissioner change
the place within this state previously
designated by it as the location of its
principal place of business in this state.
(Scc. 4SS7 G. L. The commissioner
shall not give certificate, original or in
extension, to foreign corporation hav-
ing a name which is the same as, or
deccptivcly similar to. the name of a
domestic corporation If the name of
foreign corporation is changed subsc-
quent to the issue of its certificate, sucl,
corporation shall, within fifteen days
after such change Of name takes effect
file statement with said commissioner
under its corporate seal setting forth
such change of name and the new name
adopted.
(Sec. 1886 G.. L. The authority given
by an original certificate may be cx-
,tcndcd with or without modification.
from year to year. but said commits
sioner shall not issue a certificate so OK
tending the authority of the corporation
until the corporation has filed with him,
% a sworn copy in the English
language of all amendments to its char
ter, articles of association or other SINH
lar organization papers made since its
previous application was iiled and (2)
an affidavit verified as is provided above
stating the place at which, its principal
Office in this state is located. the amount
Iof its paid up capital stock, the total
amount of its indebtedness, the amount
,of its indebtedness secured by mort
lerty, or any part thereof, the amount of
its Indebtedness not so secured, the
amount of assets including the amount
of cash on hand, and the names of the
directors at the close of the preceding
fiscal year.
(Sec. 1888 G. Id Said commissioner
may. in his discretion. as a condition
precedent to the issue of any certificate,
\.
corporation to file in his Office for the
good and sufficient bond, executed by a
Surety company duly authorized to do
business in this state, in such sum and
on such condition as said commissioner
may direct; and may likewise require a
bond conditioned on the making of all
returns and a payment Of all taxes re-
CURED to be made and paid by the pro-
visions of chapter IS of the Public Stat
utes (Chaptcr IS of the General Laws,
as proposed) ; and may likewise require
the statement under oath of any other
matters relating to such corporation.
(Sec. 48So G. L.l Said commissioner
may in his discretion, refuse to issue a
certificate, either original or in extern
sion, to any corporation il he believes
that such action will promote the gen.
eral good of the state; provided, how
ever, that said commissioner shall not
refuse to issue a certificate, either orig
inal or in extension, to any such corpor-
alton which is lawfully doing business
in this state on the first day of April,
nineteen hundred and fifteen if
: |. Such corporation has complied
with the laws of the state, and if
II. Such corporation has not subsc-
,, quent to the passage of this act issued
any stock or in the case of public service
.. corporations, any bonds, notes, or other
. evidences OF Indebtedness payable more
than one year from date of issue, the
proceeds of which are to be used for
,, the maintenance improvement or en-
largemcnt of its business in this state
or for the reimbursement of moneys
: actually expended for such purposes. cx-
cept in accordance with the provisions
of law applicable to similar domestic
corporations.
(Scc 48oS G. L.) The public service
commission shall have jurisdiction to ap
prove such stock and bond issues b,
such public service corporations in like
manner as in the case of domestic cor.
porations.
, Sec. 3 Section 5 of No. 50 of thu
acts of 1915 (Sec. 48o7 of the Genera
= Laws, as proposcd) is hereby amended
so as to read as follows:
Sec. S. (Sec. 48o7 G.. L) A foreign
) corporation shall not do any business If
!: this state which is under the regulation
. of the public service commission unles:
: it has certificate of authority ISSUED
: by such commission. All the provision.
: of section 3 (Secs. 1884 to 1880, both in
, elusive, of the General Laws, as pro
posed) hereof shall apply to such Ger
tihcate except that wherever in section
8 (such sections) the commissioner O
foreign corporations is designated, tn,
! public service commission shall be sub
stituted.
E Sec. 4 Section II of No 50 of tn,
i! acts of 1915 (Sec. 48o6 of the Genera
Laws, as proposedl is hereby amendes
so as to read as follows:
Sec. II. (Sec. 48o6 G. L. A cop!
I of any instrument, paper, or documen
5 required by this act to be filed with tn,
secretary of state shall, when il and tn,
c date of the filing of the original is cert
S fed by him, be received by the court
: as evidence, having the same force ant
y effect as the original thereof would hav'
had, if produced. and as proof that tn,
S original was filed as stated in such Ger
: tihcatc
i Sec. S. Section IA of No. 50 of tn
y acts of 1915 (Sec. $500 of the Genera
: Laws, as proposed) is hereby AMENDED
so as to read as follows:
r Sec. IL. (Sec. 48oO G.. L) If for