CHaP. 301.—An ACT to amend and re-enact section thirty-eight of an act
entitled an act to raise revenue for the support of the government and
public fice schools and to pay the interest on the public debt, and tu
})ovide a special tax for pensions, as authorized by section one hun-
dred and eighty-nine of the constitution, approved April sixteenth,
nincteen hundred and three, with refererc2 to fees on charters of do-
mestie corporations, as amended by the act approved February twen-
iv-s'xth, nineteen hundred and ten.

Approved March 14, 1912.

1. Be it enacted by the general assembly of Virginia, That
section thirty-eight of an act entitled an act to raise revenue
for the support of the government and public free schools, and
to pav 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, as amended by the act approved
February twenty-sixth, nineteen hundred and ten, be amended
and-re-enacted so as to read as follows: »

§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 authorized capital stock is
fifty thousand dollars or less, ten dollars; for a company whose
maximum authorized capital stock is over fifty thousand dollars
and less than three million, twenty cents for eacn one thousand
dollars or fraction thereof; for a company whose maximum au-
thorized capita! stock is three million dollars or more, six hundred
dollars; provided, however, that building fund associations, mut-
ual insurance companies without capital stock, and other mutual
companies not organized for strictly benevolent or charitable
purposes, shall pay twenty-five dollars only for such 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 institutions.