14. (a) Domestic corporations: Where capital stock does not exceed $10,000, fee - $25 Where capital stock does not exceed $100,000, fee. $25 Over $1,000,000, fee Tex.: R. S., Art. 2439. 50 100 200 25 50 100 15. (a) Corporations organized according to general law: Where capital stock does not exceed $5,000, fee. $10 Over $5,000, but not exceeding $10,000, fee.. Over $10,000, but not exceeding $50,000, fee. Over $50,000, but not exceeding $200,000, fee Over $200,000, but not exceeding $500,000, fee... 200 Over $500,000, but not exceeding $1,000,000, fee.- 300 Over $1,000,000, fee (b) Corporations authorized by special act of the legislature: Where capital stock does not exceed $10,000, fee. $25 Where capital stock exceeds $10,000 the fee shall be same as for corporations organized according to general law, supra. Vt.: Laws 1898, p. 14. 16. (a) Corporations created by general law: (b) Corporations created by special charter: 50.0 Where stock does not exceed $5,000, fee, (a) $15; (b) $25; (c) $5. Over $5,000, but not exceeding $10,000, fee, (a) $30; (b) $50; (c) $10. Over $10,000, but not exceeding $25,000, fee, (a) $45; (b) $75; (c) $15. Over $25,000, but not exceeding $50.000, fee, (a) $75; (b) $125; (c) $25. Over $50,000, but not exceeding $100,000, fee, (a) $125; (b) $200; (c) $40. Over $100,000, but not exceeding $300,000, fee, (a) $195; (b) $325; (c) $65. Over $300,000, but not exceeding $500,000, fee, (a) $270; (b) $450; (c) $90. Over $500,000, but not exceeding $800,000, fee, (a) $345; (b) $575; (c) $115. Over $800,000, but not exceeding $1,000,000, fee, (a) $450; (b) $750; (c) $150. Over $1,000,000, fee, (a) $600; (b) $1,000; (c) $200. And same proportionate fee for increase. Va.: L. 1892, p. 393; L. 1898, p. 678. 17. Where capital stock does not exceed $25,000, fee. $25.00 For each $1,000 in excess of $25,000, fee.. For each $1,000 of subsequent increase, fee.. Wis.: Stat., § 1772. 1.00 .50 18. Where stock of domestic or foreign corporation does not exceed $5,000, fee.... Over $5,000, but not exceeding $100,000, fee. $5.00 10.00 .05 B. THE FEE IS A FIXED PERCENTAGE UPON THE AMOUNT OF CAPITAL STOCK. 1. To of 1% (10 cents on each $1,000). And same fee for increase. Conn.: For corporation limited by its charter to business within the State. P. L., 1899, p. 1147. Nebr.: Same fee for foreign corporations and for consolidation. L. 1897, Ch. 72. 2. z of 1% (15 cents on each $1,000). But in no case less than $20. Del.: L. 1899, Ch. 273, § 127. 3. of 1% (20 cents on each $1,000). But in no case less than $25. Same rate for increase but in no case less than... 20 Same rate for consolidation upon amount in excess of the combined original capital stocks. N. J.: L. 1896, Ch. 185, § 114. 4.4% of 1% (25 cents on each $1,000). For issuing certificate of incorporation $5. Same rate for increase. Same rate for foreign corporation organized for purpose of carrying on business within the State. But whole amount shall not exceed $2,500. Utah: R. S., § 965. 5. of 1%. But in no case less than $5. Mass.: But whole fee shall not exceed $200. P. S., Ch. 106, § 84. Mich.: Domestic or foreign corporation (same fee in case of consolidation). L. 1893, No. 79; L. 1895, No. 91. 6. of 1%. Ind.: Ohio: But in no case less than $10. Same fee for increase. Ky.: Stat., § 4226. R. I.: But in no case less than $100; and same fee for in crease. G. L., Ch. 29, § 16. Tenn.: (Also $3 each to register of deeds and secretary of state. Code, § 2039). L. 1897, Ch. 32. 7. of 1%. Md.: Same fee for increase. L. 1894, Ch. 114. N. Y.: Same for foreign corporation computed upon capital stock employed by it within the State for the first year (also $10 for filing articles. G. L., Ch. 9, $ 26). L. 1896, Ch. 908, §§ 180, 181. 8. of 1% ($2 on each $1,000). But not less than $5 or more than $250. Same fee for in crease. Fla.: L. 1893, Ch. 4169. 9. 1 of 1%. Same fee for increase. Pa.: P. L., 1899, p. 189, §1. Also corporations created by special act must have such act enrolled and pay therefor. (a) Iron, coal, manufacturing, mining, warehousing, or oil company, fee of $200. (b) Other corporations, fee of $20. Taxation, § 25. C. THE FEE IS A FIXED SUM INDEPENDENT OF THE AMOUNT OF CAPITAL STOCK. 1. No provision is made for the payment of any fee. District of Columbia. 2. Fee of $2.50 for filing articles of incorporation. Ore.: L., § 2337. 3. Not less than $3 for filing articles of incorporation. 4. Fee of $5. Ga.: For recording articles of incorporation. Code, § 539. La.: For approval of charter by district attorney. L. 1896, p. 178. Nev.: G.S., § 1798. 5. Fee of $5 for filing articles and $3 for issuing certificate of incorporation. Ari.: For filing increase or decrease, $2.50; certificate, $2.50. Cal. Same fee for each increase or decrease. Pol. Code, § 416. Ida.: R. S., § 196. Okla.: Stat., § 2900. 6. Fee of $10. Mass.: Foreign corporation only. L. 1884, Ch. 330. N. J.: Foreign corporation only. L. 1896, Ch. 185, § 114. So. Dak.: Domestic or foreign corporation. Stat., § 1911. 7. Fee of $10; also $4 for certificate of incorporation and 50 cents for recording the same. W. Va.: Domestic corporations whose principal place of business is within the State (also annual fee of $10). Code, Ch. 54, § 18. Cf. c, 10 infra. 8. Fee of $10 for filing articles and $5 for certificate of incor poration. Wash.: L. 1897, 9. Fee of $25 for filing articles of incorporation. Ark.: Also $10 for amendment. Stat., § 3229. Md.: Foreign corporations only. L. 1898, Ch. 270. No. Car.: Same fee when incorporated by special legislative 10. Fee of $50. N. H.: Corporations doing business and having principal office within the State. P. S., Ch. 14, § 5. W. Va.: Corporations with principal place of business outside the State. Code, Ch. 32, § 87. Cf. c, 7, supra. III. THE PRECISE METHOD OF PAYING IN THE CAPITAL STOCK. A. IN WHAT PAYMENT MAY BE MADE. a. Payment by means of a note or other obligation of the stockholder would generally be held insufficient. This is expressly provided in certain of the states, e. g.: Ida.: R. S., § 7117. Mass.: P. S., Ch. 106, § 47. Miss.: Code, § 850. Mo.: R. S., § 2775. N. H.: P. S., Ch. 150, § 9. b. Stock must be paid for in money: D. C.: Comp. Stat., Ch. 15, § 49. Ind.: Stat., § 5060 Full amount of capital stock must be paid c. Stock may be paid for by labor done: Ala.: Constit., Art. 14, § 6; Civil Code, §§ 1142, 1254. Ark.: Constit., Art. 12, § 8. Cal.: Constit., Art. 12, § 11; Civil Code, § 359. Col.: Constit., Art. 15, § 9; Stat., § 618. Del.: L. 1899, Ch. 273, § 127. Fla.: Provided description and valuation of same given in the charter. R. S., § 2128. Ida.: (Or services performed.) Constit., Art. 11, § 9; L. 1899, p. 158. Ky.: Constit., § 193; Stat., § 568. La.: Constit., Art. 266. Mo.: Constit., Art. 12, § 8; R. S., § 2499. Mont.: Constit., Art. 15, § 10. No. Dak.: Civ. Code, § 2877. So. Car.: Constit., Art. 9, § 10; R. S., § 1511; L. 1897, No. 333, § 4. Tex.: Constit., Art. 12, § 6. Utah: Constit., Art. 12, § 5. Va.: (Or services.) Code, § 1148; L. 1890, p. 56. Wash.: Constit., Art. 8, § 6. Wis. Stat., § 1753; L. 1899, Chap. 193. d. Stock may be paid for in property: 1. In property of a specified kind only: (a) A manufacturing establishment, including the real (b) Mining claims. In case of a mining corporation. (c) Lands within the State. Mich.: Stat., § 4866. (d) Land. In case of mining, boring, or quarrying company. Land or any patent. In case of manufacturing company. Tenn.: Code, §§ 2335, 2351. (e) Property received for the use of the corporation. (f) Property such as it is proper for the corporation to own. (g) Property necessary for the business of the corporation. N.J.: L.1896, Ch.185,88 48, 49. Pa.: Corp., § 43. Utah: R. S., § 316 (necessary to the pursuit agreed upon). Vt.: Stat. § 3724. W. Va.: Code, Ch. 53, § 24 (necessary for the uses and purposes of the corporation). Wyo.: R.S., § 513. 2. In property generally: Ala.: Constit., Art. 14, § 6; Civ. Code, §§ 1142, 1254. Ark.: Constit., Art. 12, § 8. Cal.: Constit., Art. 12, § 11; Civ. Code, § 359. Col.: Constit., Art. 15, § 9; Stat., §§ 618, 490. Del.: Constit., Art. 9, § 3; L. 1899, Ch. 273, § 138. Fla.: R.S., § 2128 (description and valuation must appear in the charter). Ida.: R.S., § 7117. Ky.: Constit., § 193; Stat., § 568. La.: Constit., Art. 266. Mass.: P. S., Ch. 106, § 48. Mo.: Constit., Art. 12, § 8; R. S., § 2499. Mont.: Constit., Art. 15, § 10 (special provision in case of mines). No. Dak.: Civ. Code, § 2877. So. Car.: Constit., Art. 9, § 10; R. S., § 1511; L. 1897, No. 333, § 4. Tex.: Constit., Art. 12, § 6. Wash.: Constit., Art. 8, § 6. Wis.: Stat., § 1753; L. 1899, Ch. 193. 3. In property; which is defined as including specifically (a) Manufactories: N.J.: L.1896, Ch.185, §§ 48, 49. Wyo.: R. S., § 513. |