Chap. 2.—An ACT to amend and re-enact Section 207 of the Tax Code of
Virginia, relating to entrance fees for foreign corporations. [S B 33]

Approved February 3, 1936

1. Be it enacted by the General Assembly of Virginia, That section
two hundred and seven of the Tax Code of Virginia be amended and
re-enacted so as to read as follows:

Section 207. Entrance Fees for Foreign Corporations.—Every
foreign corporation, when it obtains from the State Corporation Com-
mission a certificate of authority to do business in this State, shall pay
an entrance fee into the treasury of Virginia to be ascertained and
fixed as follows:

For a company whose maximum capital stock is fifty thousand
dollars, or less, thirty dollars;

For a company whose capital stock is over fifty thousand dollars
and not to exceed one million dollars, sixty cents for each thousand
dollars or fraction thereof ;
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 fifty dollars;

Over twenty million dollars, and not to exceed thirty million dol-
lars, 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 thousand 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 dol-
lars, two thousand, five hundred dollars ;

Over seventy million dollars, and not to exceed eighty million dol-
lars, two thousand, seven hundred and fifty dollars;

Over eighty million dollars, and not to exceed ninety million dollars,
three thousand dollars;

Over ninety million dollars, five thousand dollars.

But any foreign corporation, the principal business of which is that
of making loans upon mortgages, deeds of trust, or other instruments
conveying, or constituting a lien upon, real or personal property, or
both, or any interest therein, all the stock of which is subscribed for
and owned by the United States of America, or by any corporation, all
the stock of which is owned by the United States of America, when
it shall furnish to the State Corporation Commission a declaration
signed and acknowledged by one of its officers that the capital stock
of such corporation is owned as hereinabove provided, and foreign
corporations without capital stock shall pay fifty dollars only for such
certificate of authority to do business in this State.

For the purpose of this section the amount to which the company
is authorized by the terms of its charter to increase its capital stock
shall be considered its maximum capital stock.

2. An emergency existing, this act shall be in force from its
passage.