The Pulaskian., 1919-02-07
WOULD PROTECT
 H0MEINTEREST
SENATOR CALDWELL WOULD FORCE OUTSIDE INTERESTS TO STEP UP TO THE SAME
 DOSE A DOMESTIC lCOR-
 PORATJON MUST TAKE

There is pending in the State Sen ate bill which would make foreign corporations sit up and take notice of State laws. It puts them under the same regulations as domestic corpor- ations. Senator Creed Caldwell, the author, is stickler for protecting home folks. Many of our best men are interested in corporations which are classed as foreign, and their in terests are certainly worth conserv- ing. See what this bill will do:
 Senate Bill No. 40.-Section 1.
 That Section 15 of Act 112 of the Acts of 1911 be and the same is here by amended so as to read as follows:
 Section 14.-If a corporation or ganized under the laws of Arkansas or any foreign country authorized to do business in this State for profit, and which is required to file the re- cord and pay the tax prescribed in this Act, fails or neglects to make such report, or to pay such tax for l thirty days after the expiration of the time limited by this Act, and such default is wilful and intentional, the Attorney General and the prose- cutting attorney of the district, on the request of the tax commissioner, or the assessor of the county, as the case may be, shall bring an action in the Circuit Court of Pulaski County, or any other county in this State in which the donicile or principal place of business of such corporation is lo=. cated, to forfeit and annul the charter of such corporation. If the court is satisfied, that such default ist wilful and intentional it shall revoke and an
 nul such charter Provided that whenever the Attorney General may file with the Secretary of State written statemen reciing hat any corporation therein named has been delinquent for more than thirty days in making it's franchise. tax report or in paying it's franchise taxes and that the Attorney has made a careful investigation of the affairs of the delinquent corporation and is of the opinion that such corporation has no assets in this State out of which might be collected such franchise tax or the costs of suit, it shall be the duty of the Secretary of Sate to is- sue citation to such delinquent con- poration and immediately mail the same to the donicile or principal place of business of such corporation as shown by the records in his office, keeping true copy of such citation among the files of his office, citing such delinquent corporation to ap- pear in the office of the Secretary of State within twenty days and show cause, if any it can, why it's charter or right to do business in this State should not be annulled; and, if at the end of the twenty days, such corpora tion shall not have shown to the sat isfaction of the Secretary of State that it's delinquency was not wilful or intentional, the Secretary of State shall cancel the charter, if a domesic corporation. and annul the right to do business in this State, if a foreign corporation, and make notation to that effect upon the records of his office. Any corporation whose char CT may thus be nulled or whose right to do business in this State may thus Ibe cancelled by the Secretary of State shall have the right to bring suit against the Secretary of State in the Pulaski Circuit Court at any time within thirty days after the I Secretary of State has annulled its charter or cancelled it's right to do business, for the purpose of vacating such action of the Secretary of State; I and if upon the hearing of such suit the court shall find that the delin- ouency of such corporation was not w;Jful and intentional such court shall make and enter an order vacating and setting aside the action of the Secre- tarv of State and restoring the char ter or right to do business of such corporation. Unless vacated by such procedure the action of the Secretary of State in annulling such charter or cancelling such right to do business in this State shall be final and abso- lute." as