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Session Laws, 1929
Volume 572, Page 687   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 687

corporations shall be repealed, annulled and forfeited, and
that the powers conferred by law upon such corporations shall
be inoperative, null and void, upon the expiration of thirty
days from the date of the first publication of such proclama-
tion, unless all such taxes, together with all interest and penal-
ties due thereon, are paid before the expiration of said thirty
days. The Governor shall cause said proclamation to be pub-
lished in at least three daily newspapers, of general circulation
published in the State, once a week for four successive weeks.
Any such corporation paying all taxes, interest and penalties
as aforesaid, after the first publication of said proclamation,
shall be omitted from subsequent publications thereof. Im-
mediately upon the expiration of thirty days from the date
of the first publication of said proclamation, the charters or
certificates of incorporation of all such corporations which
have not then paid all taxes, interest and penalties due as
aforesaid, shall be ipso facto repealed, annulled and forfeited
and the powers granted to such corporation shall be inopera-
tive, null and void, without the necessity of proceedings of
any kind either at law or in equity. Provided, that any cor-
poration whose charter or certificate of incorporation shall be
forfeited under this section, may, within six months there-
after revive the same and reinvest itself with all the powers
conferred upon it by law under said charter or certificate of
incorporation by the payment of all such taxes, interest and
penalties and an additional fee of twenty-five dollars.

(b) The Secretary of State is directed to send copies of each
of the said proclamation of the Governor to the Comptroller,
to the Treasurer and to the State Tax Commission, and also a
list of all those corporations whose charters or certificates of
incorporation shall have been revived by the payment as
aforesaid of said taxes, interest, penalties and fee. The Comp-
troller and Treasurer shall note upon their respective records
the facts of the repeal, anullment and forfeiture of the char-
ters or certificates of incorporation of all corporations whose
charter or certificate of incorporation have been repealed, an-
nulled or forfeited as aforesaid, and the revival of those which
have been revived; and the Comptroller shall notify the State
Tax Commission of the same, to the end that the State Tax
Commission may note the same upon its records. It shall
be the duty of the Comptroller, at the time he certifies said
corporations to the Governor as aforesaid, also to mail to each
corporation so certified, at its address or office as the same


 

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Session Laws, 1929
Volume 572, Page 687   View pdf image (33K)
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