CHAPTER 299

An Act to amend and reenact § 58-450, as amended, of the Code of Virginia,
relating to annual registration fees for corporations. S 138]
[

Approved March 10, 1956

Be it enacted by the General Assembly of Virginia:

1. That § 58-450, as amended, of the Code of Virginia be amended and
reenacted as follows:

§ 58-450. Every domestic corporation, other than a purely charitable
institution, and other than an organized fire fighting company * when a
majority of its members 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 thousand 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 thou-
sand 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 shall
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 license
tax or other tax or fee imposed by law upon the corporation for the
privilege of carrying on its business in this State or upon its franchise,
property or receipts.