Chap. 53.—An ACT to amend and re-enact sections 37, 38 and 39 of an act
entitled an act to raise revenue for the support of the government and
public free schools and to pay the interest on the public debt, and to pro-
vide a special tax for pensions, as authorized by section 189 of the Con-
stitution, approved April 16, 1903, with reference to fees on charters of
domestic corporations and fees on foreign corporations authorized to do
ae in this State, and to add a section thereto designated as sec-

on 38a.
Approved February 26, 1910.

1. Be it enacted by the general assembly of Virginia, That sections
thirty-seven, thirty-eight and thirty-nine of an act entitled an act to
raise revenue for the support of the government and public free schools
and to pay the interest on the public debt, and to provide a special tax
for pensions, as authorized by section one hundred and eighty-nine of the
Constitution, be amended and re-enacted so as to read as follows:

§37. Every domestic corporation authorized by its charter to exercise
the powers of a transportation or transmission company, or to own, lease,
construct, maintain and operate a public service line or road of any kind,
upon the granting or extension of its charter shall pay a fee into the
treasury of the State of Virginia to be ascertained and fixed as follows:

For a company whose maximum capital stock is five thousand dollars
or under, twenty-five dollars; for a company whose capital stock is over
five thousand dollars, and not to exceed ten thousand dollars, fifty dollars ;
over ten thousand, and not to exceed twenty-five thousand dollars, seventy-
five dollars; over twenty-five thousand dollars, and not to exceed fifty
thousand dollars, one hundred and twenty-five dollars ; over fifty thousand
dollars, and not to exceed one hundred thousand dollars, two hundred
dollars; over one hundred thousand dollars, and not to exceed three hun-
dred thousand dollars, three hundred and twenty-five dollars; over three
hundred thousand dollars, and not to exceed five hundred thousand
dollars, four hundred and fifty dollars; over five hundred thousand
dollars, and not to exceed eight hundred thousand dollars, five hundred
and seventy-five dollars; over eight hundred thousand dollars, and not to
exceed one million dollars, seven hundred and fifty dollars; over one
million dollars, and not to exceed ten million dollars, one thousand dol-
lars; over ten million dollars, and not to exceed twenty million dollars,
one thousand two hundred and fifty dollars; over twenty million dollars,
and not to exceed thirty million dollars, on thousand five hundred dol-
lars; over thirty million dollars, and not to exceed forty million dollars,
one thousand seven hundred and fifty dollars; over forty million dollars,
and not to exceed fifty million dollars, two thousand dollars; over fifty
million dollars, and not to exceed sixty million dollars, two thousand two
hundred and fifty dollars; over sixty million dollars, and not to exceed
seventy million dollars, two thousand five hundred dollars; over seventy
million dollars, and not to exceed eighty million dollars, two thousand
seven hundred and fifty dollars; over eighty million dollars, and not to
exceed ninety million dollars, three thousand dollars; over ninety million
dollars, five thousand dollars.

For the purpose of this act the amount to which the company is
authorized by the terms of its charter to increase its capital stock shall
be considered its maximum capital stock.

§38. Every domestic corporation, other than such as are described in
the last preceding section, upon the granting or extension of its charter,
shall pay a fee into the treasury of the State of Virginia to be ascertained
and fixed as follows:

For a company whose maximum capital stock is fifty thousand dollars
or less, ten dollars; for a company whose capital stock is over fifty thou-
sand dollars, and less than one million, twenty cents for each one thou-
sand dollars or fraction thereof; for a company whose maximum capital
stock is one million dollars or more, six hundred dollars: provided, how-
ever, that building fund associations, mutual insurance companies without
capital stock, and other mutual companies not organized for strictly be-
nevolent or charitable purposes, shall pay twenty-five dollars only for each
certificate of incorporation or charter granted ; and provided further, that
no fee shall be imposed on corporations organized for religious, benevolent
or literary purposes, or to conduct a purely charitable institution or inst1-
tutions.

§38a. Every foreign corporation, when it obtains from the State cor-
poration commission a certificate of authority to do business in this State,
shall pay an entrance fee into the treasury of Virginia, to be ascertained
and fixed as follows:

For a company whose maximum capital stock is fifty thousand dol-
lars or less, thirty dollars; for a company whose capital stock is over fifty
thousand dollars, and not to exceed one million dollars, sixty cents for
each one thousand dollars or fraction thereof; over one million dollars,
and not to exceed ten million dollars, one thousand dollars; over ten
million dollars, and not to exceed twenty million dollars, one thousand
two hundred and fifty dollars; over twenty million dollars, and not to
exceed thirty million dollars, one thousand five -hundred dollars; over
thirty million dollars, and not to exceed forty million dollars, one thou-
sand seven hundred and fifty dollars; over forty million dollars, and not
to exceed fifty million dollars, two thousand dollars; over fifty million
dollars, and not to exceed sixty million dollars, two thousand two hun-
dred and fifty dollars; over sixty million dollars, and not to exceed
seventy million dollars, two thousand five hundred dollars; over seventy
million dollars, and not to exceed eighty million dollars, two thousand
seven hundred and fifty dollars; over eighty million dollars, and not to
exceed ninety million dollars, three thousand dollars; over ninety million
dollars, five thousand dollars: provided, however, that foreign corpora-
tions without capital stock shall pay fifty dollars only for such certifi-
cate of authority to do business in this State.

For the purpose of this act the amount to which the company is
authorized by the terms of its charter to increase its capital stock shall
be considered its maximum capital stock.

§39. A charter heretofore granted or issued under the law of this
State, whereby none of the powers of a transportation or transmission
company, or other public service corporation, were conferred upon the
corporation so chartered, shall not be amended so as to add to the powers
and privileges originally acquired by the corporation any of the powers,
rights and privileges of a transportation or transmission or of any other
public service company.

Upon the amendment of any charter, domestic or foreign, the fee to
be charged on the amended charter shall be an amount equal to the differ-
ence between the amount already paid on the original charter and the
amount required by this act to be paid on the maximum amount pro-
vided for in such amendment; and upon the amendment or extension of
anv charter, domestic or foreign, if no fee was paid to this State on the
original charter, the amount to be paid shall be the same as would have
to be paid on an original charter.

Upon the amendment or extension of a charter of a transportation
or transmission company, or any other public service company, in the
event that the charter fee paid on the original charter and any prior
amendments shall be less than the amount of charter fee required to be
paid on an original charter of that character by the terms of this act,
then a charter fee shall be paid on the amended charter equal in amount
to the difference between the charter fee already paid on the original
charter and any prior amendments thereof, and the amount required by
this act to be paid on the maximum amount of authorized capital stock
provided for in the charter of said corporation at the time of such amend-
ment.

Upon the merger or consolidation of two or more corporations in the
manner provided for by the laws of this State, whenever one of the cor-
porations so merging or censolidating is a foreign corporation, then a
charter fee shall be paid, as provided for in this act, upon the amount
of capital stock proposed to be issued by the new or consolidated corpora-
tion taken as the maximum capital stock for the purpose of estimating
said charter fee.