OCR Text |
Show I CORPORATIONS TO RESIST FORFEITURE OF CHARTERS ft Is rumored that several corporations in the. slate that have not paid their stale corporation license tax for the past ear will attack tho constitutionality of the law when the governor nt.tcmpts. April 1, to declare the e!ir.rtcrs of such corporations forfeited. It U contended that the law is unconstitutional m ihat it attempts to delegate to lie governor a part of the legislative and Judicial functions func-tions of the state. Under the old corporation tax law the stato simply imposed ..a fine of I0U upon the corporation failing to ony and the state secretary was authorised lo file suit to collect the tax and tho penalty both. It was found Ihut this method entulled too much expense In collecting ihc tax, so the last legislature amende.! the law and provided that the corporations corpora-tions falling to pay :ho tax by December should be fined $10 .and If the lax mn) line arc not paid by April t i lie governor shall declare a forfeiture of the chart i.-rs. Tticrc are about. 1500 corporations which ha..- not paid the lax but a great many of those are alicady dead. ' |