Chap. 229.—An ACT to amend and re-enact an act entitled an
act to require the payment of fees on certain charters, approved
February 10, 1890, as amended and re-enacted by an act entitled
an act to amend and re-enact section 1 of an act of the general
assembly, approved February 10, 1890, entitled an act to re-
quire the payment of fees on certain charters, approved Febru-
ary 28, 1890.

Approved February 16, 1892.

Be it enacted by the general assembly of Virginia, That
an act entitled an act to require the payment of fees on
certain charters, approved February tenth, eighteen hun-
dred and ninety, as amended and re-enacted by an act
entitled an act to amend and re-enact section one of an
act of the general assembly, approved February tenth,
eighteen hundred and ninety, entitled an act to require
the payment of fees on certain charters, approved Febru-
ary twenty-eighth, eighteen hundred and ninety, be
amended and re-enacted so as to read as follows:

1. Be it enacted by the general assembly of Virginia,
That every charter of incorporation hereafter granted un-
der the provisions of section one thousand one hundred
and forty-five, of the code of Virginia, and every act of
incorporation hereafter passed by the general assembly,
shall be and continue to be, wholly inoperative and inef-
fectual for any and all purposes whatever, until the pay-
ment of a fee to be ascertained and fixed as follows: For
& company whose maximum capital stock is five thousand
dollars or under, five dollars; for a company whose capi-
tal stock is over five thousand dollars and not to exceed
ten thousand dollare, ten dollars; over ten thousand dol-
lars and not to exceed twenty-five thousand dollars, fif-
teen dollars; over twenty-five thousand dollars and not to
exceed fifty thousand dollars, twenty-five dollars; over
fifty thousand dollara and not to exceed one hundred
thousand dollars, forty dollars; over one hundred thous-
and dollars and not to exceed three hundred thousand
dollars, sixty-five dollars; over three hundred thousand
dollars and not to exceed five hundred thousand dollars,
ninety dollars; over five hundred thousand dollars and
not to exceed eight hundred thousand dollars, one hun-
dred and fifteen dollars; over eight hundred thousand
dollars and not to exceed one million dollars, one hundred
and fifty dollars; over one million dollars, two hundred
dollars. For the purposes of this act, the amount to
which the company is authorized by the terms of its char-
ter to increase its capital stock, shall be considered its
maximum capital stock, but the fee to be paid under this
section shall, in no case, exceed the sum of two hundred
dollars: provided, however, that building associations
shall pay twenty-five dollars only for each certificate of
incorporation filed or charter granted; and provided
further, that no fee shall be required of companies or-
ganized for religious, benevolent, or literary purposes, or
of such companies as are not organized for profit and have
no capital stock, mutual insurance companies, and other
mutual companies not organized for strictly benevolent
or charitable purposes, shall pay a fee of twenty-five dol-
lars; and it is hereby declared that the true intent and
meaning of this section as originally enacted, notwith-
standing the amendment thereto, approved February
twenty-eighth, eighteen hundred and ninety, was and is
to require the payment of fees on charters granted under
section one thousand one hundred and forty-five of the
code as herein prescribed.

2. Where the charter of incorporation is granted under
the provisions of said section eleven hundred and forty-
five of the code of Virginia, the clerk of the court in which,
or by the judge of which, such charter is granted, shall col-
lect such fees before recording the charter, and shall forth-
with pay it into the state treasury, less a commission of
five per centum, which the said clerk may retain as his
commission or compensation for collecting the same; and
where the act of incorporation is passed by the general as-
sembly, such fee shall be paid directly into the state trea-
sury; and the fact of such payment shall in case the
charter was granted under the provisions of section eleven
hundred and forty-five of the code of Virginia, be certi-
fied by the auditor of public accounts to the secretary of
the commonwealth, and the fact of payment in case the
act of incorporation was passed by the general assembly,
shall be certified by the auditor of public accounts to the
keeper of the rolls: provided that no fees shall be required
to be paid on any amended charter that has been passed
during the present session of the general assembly, or may
hereafter be passed, or any charter confirming or amend-
ing a charter granted by a court, or by a judge in vacation,
unless the maximum amount of the capital stock shall be
increased, 1n which case the same proportionate charge for
such increase shall] be made; but if no fee shall have been
paid on the grant of the original charter, the fee to be
charged when such amended charter is granted shall be
the same as if the amended charter were an original char-
ter.
3. Until the fact of payment is thus certified to the sec-
retary of the commonwealth, he shall not record the arti-
cles of incorporation, and until the fact of payment is
thus certified to the keeper of the rolls, he shall not fur-
nish a copy of the act of incorporation.

4. Any company organized under the laws of a jurisdic-
tion beyond this state and proposing hereafter to transact
business in this state, shall pay into the treasury a fee to
be fixed and ascertained in the manner provided by section
one, and until the fact of payment is certified by the au-
ditor to the secretary of the commonwealth, the charter or
articles of incorporation of the company shall not be filed
in the office of the secretary of the commonwealth, and the
company sball have no right to transact business or con-
duct operations of any character in this state.

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