Chap. 814.—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 approved February 28, 1890, and further
amended and re-enacted by an act approved January 22, 1894, and further
amended and re-enacted by an act approved March 3, 1896, and as further
amended and re-enacted by an act approved March 1, 1898.

Approved March 6, 1900.

1. Be it enacted by the general assembly of Virginia, That an act
entitled an act to require the payment of fees on certain charters, ap-
proved February tenth, eighteen hundred and ninety, as amended and
re-enacted by an act entitled an act to amend and re-enact section one
of the said act, approved February twenty-sixth, eighteen hundred and
ninety, and further amended and re-enacted by an act entitled an act
to amend section two of said act, approved January twenty-second,
eighteen hundred and ninety-four, as further amended and re-enacted
by an act entitled an act to amend and re-enact said act, approved March
third, eighteen hundred and ninety-six, and as further amended and re-
enacted by an act, approved March first, eighteen hundred and ninety-
eight, 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 passed or renewed or extended by
the general assembly of Virginia shall be, and continue to be, wholly
inoperative and ineffectual for any and all purposes whatever until the
payment of fee to be ascertained and fixed as follows:

For a company whose maximum 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 dol-
lars; over ten thousand dollars, and not to exceed twenty-five thousand
dollars, seventy-five dollars; over twenty-five thousand, 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 hundred thousand dollars, three hundred and twenty-five
dollars; over three hundred thousand, 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 dol-
lars, 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 dollars; over ten million dollars, and not to exceed twenty
million dollars, one thousand two hundred and fiftv dollars; over twentv
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 thousand seven hundred and fifty dollars; over
forty million dollars, and not to exceed fifty million dollars, two thou-
sand 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 excced eighty
nillion dollars, two thousand seven hundred and fifty dollars; over
ighty million dollars, and not to exceed ninety million dollars, three
housand dollars; over ninety million dollars and upward, five thousand
lollars. ‘The provisions of this section as amended shall apply to all
gills for charters which have not this day been enacted into laws.

For the purpose of this act, the amount to which the company is au-
chorized by the terms of its charter 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 one thousand dollars:
provided, however, that building fund associations shall pay twenty-five
Jollars only for each certificate of incorporation filed or charter granted:
and provided further, that no fee shall be required of the companies
organized for religious, benevolent, or literary purposes, or such com-
panies 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 dollars.

§ 2. Where a charter of incorporation is to be granted, renewed, or
extended under the provisions of section one thousand one hundred and
forty-five of the code of Virginia, and in the case of any company or-
ganized under the laws of a jurisdiction beyond this state, and propos-
ing hereafter to transact business in this state under the requirements
of sections eleven hundred and four and eleven hundred and five of the
code of Virginia, the fees shall be as follows:

For a company whose maximum stock is five thousand dollars or
under, fifteen dollars; for a company whose capital stock is over five
thousand dollars, and not to exceed ten thousand dollars, thirty dol-
lars; over ten thousand dollars, and not to exceed twenty-five thou-
sand dollars, fortv-five dollars; over twenty-five thousand dollars, and
not to exceed fifty thousand dollars, seventy-five dollars; over fifty
thousand dollars, and not to exceed one hundred thousand dollars, one
hundred and twenty dollars; over one hundred thousand dollars, and
not to exceed three hundred thousand dollars, one hundred and ninety-
five dollars; over three hundred thousand dollars, and not to exceed five
hundred thousand dollars, two hundred and seventy dollars; over five
hundred thousand dollars, and not to exceed eight hundred thousand
dollars, three hundred and forty-five dollars; over eight hundred thon-
sand dollars, and not to exceed one million dollars, four hundred and
fiftv dollars; over one million dollars, six hundred dollars.

The clerk of the court in which, or the judge thereof in vacation, such
charter is to he granted shall collect such fees-and receipt for the
same to the party or parties presenting the petition for incorporation:
and such court, or the judge thereof in vacation, shall not consider suck
petition nor grant such charter unless the clerk’s receipt for the prope
fee as hereinbefore provided is presented therewith. When such charter
is granted by the court or judge it shall be the duty of the clerk tc
record the same, and forthwith to pay into the state treasury such fee
less the amount of five per centum, which said clerk may retain as com.
pensation for collecting the same: provided, however, in case the cour
or judge thereof in vacation denies such petition for incorporation, ther
the clerk is to refund to the party or parties presenting such petitior
the fee paid by them: and provided, further, in case the court or judg
hereof in vacation increases or diminishes the amount of the capital
tock of such company, that the clerk is to collect such additional fee
efore recording such charter and to do with the same as above directed,
r to refund such over-payment as may previously have been made; and
he fact of such payment in case the charter is granted under the pro-
‘isions of section one thousand one hundred and forty-five of the code
f Virginia, shall be certified by the auditor of public accounts to the
ecretary of the commonwealth, and where the act of incorporation 1s to
ye passed by the general assembly, such fee shall be paid direct into the
tate treasury, and said fee shall be thus paid before the bill providing
‘or the incorporation, or renewal or extension, shall be referred to the
‘ommittee of either house of the general assembly by the clerk of
said house, or before any other action shall be taken on said bill, and
such payment shall be evidenced by the certificate of the auditor of
public accounts produced to said clerk: and it is further provided, that
no fee 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 on any charter confirming or amending a charter
pranted by a court or judge thereof in vacation, or on the charter of any
company organized under the laws of a jurisdiction beyond this state,
and proposing hereafter to transact business in this state under the
requirements of sections eleven hundred and four and eleven hundred
and five of the code of Virginia unless the maximum amount of the
capital stock shall be increased or extended or renewed, in which case
the same proportionate charge for such increase shall be made as here-
inbefore provided; that is to say, the fee to be charged on the amended
charter chall be an amount equal to the difference between the amount
already paid on the original charter and the amount required by this
act to be paid on the maximum amount provided for in such amend.
ment; but if no fee shall have been paid on the granting of the origina
charter the fee to be charged when such amended charter is grantec
shall be the same as if the amended charter was an original charter
and if any amendment is offered to a bill increasing the capital stocl
of such company, a tax shall be paid on the amount of the increase a:
hereinbefore provided; and if there is an extension or renewal of saic
charter the same fee shall be paid as in case of an original charter; anc
if the capital stock is decreased, the decrease shall be refunded as here
inbefore provided: and, further, if the general assembly should fail o
refuse to pass any bill of incorporation, the tax or fees paid as aforesai
shall be returned to the parties applying for said charter upon th
certificate of the keeper of the rolls that said bill was not passed.

§ 3. In case of charters granted under the provisions of section on
thousand one hundred and forty-five of the code of Virginia, or b
the general assembly of Virginia, and in the case of any company organ
ized under the laws of a jurisdiction beyond this state, and proposin
hereafter to transact business in this state, the secretary of the cor
monwealth shall not record the articles of incorporation, nor shall th
companies have the right to transact business or conduct operations ¢
any character in this state, until the fact of the payment of proper fee
in each case, as provided in section two of this act, has been certifie
to him by the auditor of public accounts.

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