Chapter 299. To amend section five hundred and fifty-two of the Code of Laws for the District of Columbia, relating to incorporations
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CHAP. 299.— An Act To amend section five hundred and fifty-two of the Code of Laws for the District of Columbia, relating to incorporations. February 4, 1905. [[H. R. 18035](/us/bill/58/hr/18035).] [[Public, No. 42](/us/pl/58/42).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That section five hundred and District of Columbia. Corporations in. fifty-two of the Code of Laws for the District of Columbia is hereby amended by adding thereto the following:
In addition to the fees Fees for recording, etc. Vol. 31, p. 1276, amended. herein required, all corporations hereafter incorporated in the District of Columbia shall pay to the recorder of deeds at the time of the filing of the certificate of incorporation forty cents on each thousand dollars of the amount of the capital stock of the corporation as set forth in its said certificate: *Provided, however*, That the fee so paid shall not be less *Provisos*. Minimum. Restriction. than twenty-five dollars: *And provided further*, That the recorder of deeds shall not file or record any certificate of organization of any incorporation until it has been proved to his satisfaction that all the capital stock of said company has been subscribed for in good faith, and not less than ten per cent of the par value of the stock has been actually paid in cash, and the money derived therefrom is then in the possession of the persons named as the first board of trustees.
Approved, February 4, 1905.