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COMPILED CODE - Iowa Legislature - State of Iowa

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350<br />

§ 5367. CORPORATIONS FOR PECUNIARY PROFIT. Tit. XVII, Ch. 1.<br />

24 other designation, whether carried as money on hand or in bank, real<br />

25 estate or personal property <strong>of</strong> any description.<br />

26 4. The total value <strong>of</strong> money and all other property the corpora-<br />

27 tion has in use or held as investment in the state <strong>of</strong> <strong>Iowa</strong>, at the time<br />

28 the statement is made (if any).<br />

29 5. The total value <strong>of</strong> money and all other property the corporation<br />

30 proposes or. expects to make use <strong>of</strong> in the state <strong>of</strong> <strong>Iowa</strong>, during the<br />

31 ensuing year.<br />

32 6. Certified copy <strong>of</strong> the resolution <strong>of</strong> the board <strong>of</strong> directors <strong>of</strong><br />

33 said corporation giving name and address in <strong>Iowa</strong> <strong>of</strong> a resident agent<br />

34 on whom the service <strong>of</strong> original notice <strong>of</strong> civil suit in the courts <strong>of</strong><br />

35 this state may be served. Failing which, or in the event such agent<br />

36 may not be found within the state, service <strong>of</strong> such process may then<br />

37 be made upon said corporation through the secretary <strong>of</strong> the state <strong>of</strong><br />

38 <strong>Iowa</strong> by sending the original and two copies there<strong>of</strong> to him, and on<br />

39 the original <strong>of</strong> which he shall accept service on behalf <strong>of</strong> said cor-<br />

40 poration, retain one copy for his files and send the other by registered<br />

41 mail to the corporation at the address <strong>of</strong> its home <strong>of</strong>fice as shown by<br />

42 the records in his <strong>of</strong>fice, which service shall have the same force and<br />

43 effect as if lawfully made upon said corporation within the county<br />

44 where such civil suit could be maintained against it under the laws<br />

45 <strong>of</strong> this state.<br />

46 The secretary <strong>of</strong> state can make such independent and further<br />

47 investigation as to the property within this state owned by any such<br />

48 corporation as he may desire, and upon the true facts determine the<br />

49 value there<strong>of</strong>, and fix the fee to be paid by such company.<br />

50 Before a permit is issued authorizing such corporation to transact<br />

51 business in the state <strong>of</strong> <strong>Iowa</strong>, said corporation shall pay to the secre-<br />

52 tary <strong>of</strong> state a fee <strong>of</strong> ten cents per one hundred words for recording<br />

53 ' the certified copy <strong>of</strong> the articles <strong>of</strong> incorporation, with resolution and<br />

54 statement as previously set forth, and a filing fee <strong>of</strong> twenty-five dol-<br />

55 lars upon ten thousand dollars or less <strong>of</strong> money and property <strong>of</strong> such<br />

56 company actually within the state <strong>of</strong> <strong>Iowa</strong>, and <strong>of</strong> one dollar for each<br />

57 one thousand dollars <strong>of</strong> such money or property within this state in<br />

58 excess <strong>of</strong> ten thousand dollars.<br />

59 If from time to time the amount <strong>of</strong> money or other property in<br />

60 use in the state <strong>of</strong> <strong>Iowa</strong> by said foreign corporation is increased, said<br />

61 corporation shall at the time <strong>of</strong> said increase, or at the time <strong>of</strong> making<br />

62 annual report to the secretary <strong>of</strong> state, in July <strong>of</strong> each year, file with<br />

63 the secretary <strong>of</strong> state a sworn statement showing the amount <strong>of</strong> such<br />

64 increase, and shall pay a filing fee thereon <strong>of</strong> one dollar for each one<br />

65 thousand dollars or fraction there<strong>of</strong> <strong>of</strong> such increase, together with<br />

66 a recording fee <strong>of</strong> ten cents per one hundred words, but not less than<br />

67 fifty cents.<br />

68 The secretary <strong>of</strong> state shall upon request furnish a blank upon<br />

69 which to make report <strong>of</strong> such increase <strong>of</strong> capital in use within the<br />

70 state.<br />

71 Any corporation transacting business in this state prior to the<br />

72 Srst day <strong>of</strong> September, eighteen hundred eighty-six, shall be exempt<br />

73 from the payment <strong>of</strong> the fees required under the provisions <strong>of</strong> this<br />

74 section. The secretary <strong>of</strong> state shall thereupon issue to such corpora-<br />

75 tion a permit, in such form as he may prescribe, for the transaction<br />

76 <strong>of</strong> the business <strong>of</strong> such corporation, and upon the receipt <strong>of</strong> such per-

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