CHAP. 368.—An ACT to provide that all corporations hereafter
chartered in this state shall pay their taxes in money, or forfeit
their charters.

Approved March 3, 1886.

1. Be it enacted by the general assembly of Virginia, That
every corporation hereafter chartered by the general assembly
of this commonwealth, or under the laws thereof, and every
corporation now in existence, whose charter shall hereafter be
amended, renewed or extended, shall pay all taxes and levies
assessed against it in current money of the United States, and
that every such charter shall be granted upon the express con-
dition that said taxes and levies assessed against it will be so
paid.

2. That if any such corporation, or any other corporation,
whose charter is subject to repeal under the general laws of
this commonwealth, or by the express provisions of its own
charter, shall pay the taxes or levies assessed against it, or any
part thereof, in any other thing or things than current money
of the United States, the said corporation shall forfeit all the
rights, privileges and franchises granted it by its said charter.

3. That the auditor of public accounts shall, whenever ghe
returns or records in his office show that such corporation has
paid the taxes or levies assessed against it, or any part thereof,
in any other thing or things than said current money of the
United States, give notice thereof to the attorney-general of
this commonwealth, who shall forthwith institute the proper
legal proceedings to have the charter of said corporation de-
clared forfeited.

4. This act shall be in force from its passage.