§ 666. Kansas. An application fee of $25 is required, and a charter fee of one-tenth of one per cent. of its authorized capital, upon the first one hundred thousand dollars of its capital stock, or any part thereof; and upon the next four hundred thousand dollars, or any part thereof, one-twentieth of one per cent.; and for each million or major part thereof over and above the sum of five hundred thousand dollars, two hundred dollars.19 § 667. Kentucky. A charter fee is provided as follows: "Every corporation which may be incorporated by or under the laws of this State, having a capital stock divided into shares, shall pay into the state treasury one-tenth of one per centum upon the amount of capital stock which such corporation is authorized to have, and a like tax upon any subsequent increase thereof. Such tax shall be due and payable on the incorporation of the company and on the increase of the capital thereof, and no such corporation shall have or exercise any corporate powers until the tax shall have been paid; and upon payment they shall file a statement thereof with the Secretary of State." 20 8668. Louisiana. There appears to be no provision for payment of a charter fee.21 § 669. Maine. The corporation shall pay the Attorney General and Secretary of State five dollars each for their services in advance; and before said certificate is filed in the office of the Secretary of State, when the amount of capital stock does not exceed ten thousand dollars, it shall also pay to the Treasurer of State for 19 Kan. Stat. §§ 1261, 1264. 20 Ky. Stat. § 4226. 21 See La. 1902, No. 163. the use of the State the sum of ten dollars; when the amount of the capital stock exceeds ten thousand dollars and does not exceed five hundred thousand dollars, it shall pay to the Treasurer of State for the use of the State, the sum of fifty dollars; when the amount of the capital stock exceeds five hundred thousand dollars, it shall pay to the Treasurer of State for the use of the State ten dollars for each one hundred thousand dollars of the capital stock.22 For increase to amount not over $500,000, . $40 00 10 00 23 Corporations created by special act pay the following fee: 24 For capital stock up to $5,000, § 670. Maryland. $15 00 25 00 75 00 125 00 60 00 An incorporation fee of one-eighth of one per cent. on the amount of the authorized capital stock and on each increase is provided in the case of new corporations.25 This must be paid annually after two years until the corporation begins business. 8671. Massachusetts. The charter fee for business corporations is one-fortieth of one per cent. of the total amount of the authorized capital stock as fixed by the articles of organization; but not in any case less than ten dollars.26 Upon any increase in the capital stock the same fee is paid.27 Other corporations pay a charter 22 Me. Rev. Stat. ch. 47, § 8, ch. 117, § 17. 23 Ibid. ch. 47, § 39. 24 Ibid. ch. 47, § 4. 25 Md. Gen. L. Art. 81, § 88 a; Md. 1900, ch. 272. 26 Mass. 1903, ch. 437, § 88. 27 Ibid. § 89. fee of one-twentieth of one per cent. of the amount of the capital stock as fixed by the agreement of association; but not less in any case than five nor more than two hundred dollars. For filing a certificate of increase of the capital stock onetwentieth of one per cent. of the amount by which the capital is increased; but the amount so to be paid shall not, if added to the amount previously paid for filing and recording certificates [of incorporation] exceed two hundred dollars; and a corporation which has so paid two hundred dollars shall pay a fee of one dollar for each certificate thereafter filed and recorded.28 8 672. Michigan. A charter or franchise fee of one-half of one mill upon each dollar of the authorized capital stock, and a proportionate fee upon each increase; but the original franchise fee is in no case to be less than five dollars.29 § 673. Minnesota. A charter fee is payable upon the creation or renewal of a charter of $50 for the first fifty thousand dollars of capital stock, and $5 for each additional ten thousand dollars; and $5 per ten thousand dollars for each increase of capital.30 8 674. Mississippi. The charter fee is as follows: When the capital stock does not exceed $10,000, $20; when capital stock exceeds $10,000 and does not exceed $30,000, $40; when capital stock exceeds $30,000 and does not exceed $50,000, $60; when the capital stock exceeds $50,000, the fee shall be one-tenth of one per cent., provided that no fee for recording any charter shall be more than $250.31 28 Mass. Rev. L. ch. 110, § 86. 29 Mich. 1891, ch. 182. 30 Minn. 1902, ch. 206, § 2. 31 Miss. 1900, ch. 45, § 1. 8675. Missouri. A charter fee is required by the Constitution as follows: "No corporation, company or association other than those formed for benevolent, religious, scientific or educational purposes, shall be created or organized under the laws of this state, unless the persons named as corporators shall, at or before the filing of the articles of association or incorporation, pay into the state treasury fifty dollars for the first fifty thousand dollars or less of capital stock, and a further sum of five dollars for every additional ten thousand dollars of its capital stock. And no such corporation, company or association shall increase its capital stock without first paying into the treasury five dollars for every ten thousand dollars of increase: Provided, that nothing contained in this section shall be construed to prohibit the general assembly from levying a further tax on the franchises of such corporation." 32 § 676. Montana. A charter fee is provided as follows: "For recording and filing each certificate of incorporation and each certificate of increase of capital stock, the following amounts shall be charged: "Amounts up to $100,000.00, 25 cents for $1,000.00. "Additional from $100,000.00 to $250,000.00, 20 cents per $1,000.00. "Additional from $250,000.00 to $500,000.00, 15 cents per $1,000.00. "Additional from $500,000.00 to $1,000,000.00, 10 cents per $1,000.00. "Additional over $1,000,000.00, 5 cents per $1,000.00. "Providing, that no fee for filing any articles of incorporation or increase of capital stock shall be less than $10.00, except religious societies, churches, and organizations for re 32 Mo. Const. Art. 10, § 21; Rev. Stat. ch. 12, § 956. ligious purposes, not having a capital stock, and not being organized for the purpose of profit." 33 677. Nebraska. A charter fee is charged upon incorporation or consolidation of ten dollars, and if the authorized capital stock exceeds one hundred thousand dollars, ten cents for each thousand dollars in excess of one hundred thousand. Upon an increase of capital stock, $5.00, and ten cents for each thousand dollars in excess of the amount of capital stock originally authorized.34 § 678. Nevada. The following charter fee is provided: For certificate or articles of incorporation, fifteen (15) cents for each thousand dollars of the total amount of capital stock authorized, but in no case less than fifteen dollars; increase of capital stock, fifteen (15) cents for each thousand dollars of the total increase authorized, but in no case less than ten dollars; consolidation and merger of corporations, fifteen (15) cents for each thousand dollars of capital authorized, beyond the total authorized capital of the corporations merged or consolidated, but in no case less than ten dollars; extension or renewal of corporate existence of any corporation, one-half that required for the original certificate or articles of organization or incorporation by this Act.35 § 679. New Hampshire. The provision for a charter fee is as follows: Within thirty days after the close of any session of the legislature, parties procuring the passage of any act at that session incorporating, or renewing the corporate powers of, a corporation which is to carry on its business and have its principal office in this State, shall pay to the State Treasurer a sum according to the 33 Mont. Polit. Code, § 410, cl. 4. 34 Neb. Comp. Stat. § 4991, cl. 3. 35 Neb. 1903, ch. 121, § 102. |