CHAPTER 434

An Act to amend and reenact § 58-450 of the Code of Virginia, relating to
annual registration fees for corporations.
[S 341]
Approved April 3, 1954

Be it enacted by the General Assembly of Virginia:

Pal That § 58-450 of the Code of Virginia be amended and reenacted as
ollows:

§ 58-450. Every domestic corporation, other than a purely charitable
institution, and other than an organized fire fighting company whose mem-
bers serve without pay, or a volunteer rescue squad, provided such squad
pays a franchise tax, and every foreign corporation doing, or authorized
to do, business in this State, whose maximum capital stock is fifteen thou-
sand dollars or under and every such corporation organized on a mutual
basis or without capital stock shall pay into the State treasury on or before
the first day of March in each and every year an annual registration fee of
five dollars;

Such corporation whose maximum capital stock is over fifteen thousand
dollars and does not exceed fifty thousand dollars shall so pay an annual
registration fee of ten dollars;

Such corporation whose maximum capital stock is over fifty thousand
dollars and does not exceed one hundred thousand dollars shall so pay an
annual registration fee of fifteen dollars;

Such corporation whose maximum capital stock is over one hundred
thousand dollars and does not exceed three hundred thousand dollars shal
sO pay an annual registration fee of twenty dollars; and

Such a corporation whose maximum capital stock exceeds three hun.
dred thousand dollars shall so pay an annual registration fee of twenty-five
dollars.

Such annual registration fee shall be irrespective of any specific licenss
tax or other tax or fee imposed by law upon the corporation for the privileg
of carrying on its business in this State or upon its franchise, property 01
receipts.