Chap. 325.—An ACT to amend and re-enact section 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 provide a special
tax for pensions, as authorized by section 189 of the Constitution,” ap-
proved April 16, 1903.

Approved March 19, 1906.

1. Be it enacted by the general assembly of Virginia, That section
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,” approved April
sixteenth, nineteen hundred and three, be amended and re-enacted 80 as
to read as follows:

§39. A charter heretofore granted or issued under the laws 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 power
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, whereby its
capital stock is increased, the fee to be charged on the amended charter
shall 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 amendment, and
upon the amendment or extension of any charter, domestic or foreign, it
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 amend-
ments 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 char-
ter fee shall be paid on the amended charter equal in amount to the dif-
ference 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 amendment.

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 corpo-
rations so merging or consolidating is a foreign corporation, then a char-
ter 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.