Evening star., 1958-07-04
Groups
Charters Are
Dissolved

RICHMOND, July 4 (R,-I
The Virginia charters Of 2.7l1
businesses, trade associations,
racial organizations. veterans
groups, civic and social clubs
have expired, the State Cor
poration Commission said yes
terday.
Reasons for the dissolutions
included disregard Of new leg
islation or failure to pay re-
gular taxes and fees.
sec spokesmen said all had
been warned Of the impending
dissolution but had failed to-
comply with one or more Of
the three basic requirements
for keeping their charters in
force.
One big factor cited was an
amendment TO the corporation
law by the 1858 General As
sembly.
w. H. Dovell, assistant clerk
Of the sec, noted that the
amendment provided for auto
matte dissolution of a corpora
ton that failed for two sue
cessive years to file an annual
report with the commission.
This requirement was added
to the long standing ones pro-
viding for annual registration
fees and franchise taxes.
Can Be Reinstated
Provision is made for REIN
statement Of the charters.
The charter Of a domestic
stock corporation can be REIN
stated If its annual report is
filed. If it pays registration fees,
penalties and franchise taxes,
and q 500 reinstatement fee.
A domestic non-stock charter
can be reinstated through the
same procedure except that its
reinstatement fee is only $40.
Re-entry of o foreign stock
corporation is permitted If an
nual reports are filed, q IS filing
fee is paid. along with q new
entrance fee which could be any
amount between $50 and IS, 900,
depending on the amount Of its
capital stock.
Foreign non-stock corpora
tions can have their authority
to operate In Virginia restored
through the same procedure
except that their re-entry fec
Is q fiat $50.
Among the dissolved cor
porations are 1891 Virginia
corporations and 80 foreign
corporations doing business In
Virginia.
Prominent Trade 0roaps
Corporations dissolved In
clude such trade groups - the
Virginia Press Association, the
Chamber Of Commerce Of New
port News. the Electrical Con-
tractors Association Of Rdch-
mond. the Retail Merchants
Association Of Manassas, the
Richmond Appliance Dealers
Association, the Richmond Re-
tail Gasoline Dealers Asaocia-
ton and the Richmond Print
ers Association.
They include associations of
livestock breeders In dosons Of
rural communities throughout
the State.
They include American L.
gion posts in Boykins and
Manassas.
They include such political
groups as the Alexandria Demo-
cratic Club. the Fort Mosby
Social and Political Club in
Richmond and the Community
Democratic Club Of Norfolk.
Included among the dissolved
corporations are such charitable
groups as the Children's Aid
Society of Norfolk. Christmas
Cheer, Inc, of MartinSville, the
Hebrew Sick Aid Society in
Richmond. and the Richmond
Society for the Hard of Hear
ing.
Also included among the dis
solved corporations are scores
Of hunting. fishing, boating and
yacht clubs, several country
clubs, and the Middleburg
Hunt Race Association.
Among banks and lending
institutions dissolved are the
Bank of Norton, the Bank of
Dungannon, the Bank of Riner,
Commonwealth Building and
Loan Association of Norfolk,
and Colonial Bank and Trust
Co. Of Princess Anne County.
Religious Groups Listed
Religious groups dissolved in
clude the Afro-American Chris
tian Benevolent Institute of
Norfolk. the Baptist Council of
Portsmouth. the Bible Institute
and Christian Patriotic League
Of Richmond, the Bible Society
Of Virginia, the Hebrew Free
Loan Society of Richmond, and
the National Council of Jewish
Women in Petersburg.
Also dissolved is the Alumni
Association of the Richmond
Professional Institute and the
Alpha Chapter House Associa-
ton Of Kappa Alpha Order in
Lexington.
Numerous volunteer fire CON-
panies. credit bureaus. baseball
clubs. and patriotic groups also
are dissolved.
Also dissolved are KiwaniS
clubs in Covington and Grun-
dy. the Lions Club of Grundy
and the Most Worshipful
Prince Hall Grand Lodge oi
the Free and Accepted Masons
of the State Of Virginia, Inc.
in Newport News.
Others dissolved include the
Sales Executives Club of Rich.
mond. the Woman'S Exchange