No. 6. DEPARTMENT OF AGRICULTURE. 137 



can be ascertained, and to deduct the four mill tax on every dollar 

 of the interest paid as aforesaid, and to pay the same into the fcstate 

 Treasury within tifteen days after the 31st day of December, each 

 year; his compensation for this service to be the same as city and 

 borough treasurers for similar services, and for failure to assess and 

 pay over the tax a penalty of ten per cent, is to be added to the tax 

 of the corporation in default. 



Act June 30, 1885, section 4, (P. L., page 194). 



8. Compensation of treasurers of corporations for assessing and 

 collecting tax on corporate loans is five per cent, on the first |1,()00 

 or fraction thereof; one per cent, on the second |1,0()0 or fraction 

 thereof, and one-half per cent, on all sums in excess of |2,000. 



Act April 15, 1834, section 42, (P. L., 1833-34, page 344); act April 5, 1842, 

 section 11, (P. L., pag€ 239). 



BONUS ON CHARTERS. 



1. Every company chartered under the General Corporation Act of 

 April 29, 1874, or accepting the same, or under any general or spe- 

 cial law, except building and loan associations, and corporations 

 not for profit, is required to pay into the State Treasury a bonus 

 of one-third of one per cent, upon the amount of its authorized capi- 

 tal stock, and a like bonus upon any subsequent authorized increase 

 of capital stock; and a similar bonus is to be paid upon the author- 

 ized increase of capital stock of companies heretofore incorporated. 

 The company is not to exercise any corporate powers or go into 

 operation, nor is the Governor to issue letters patent until such 

 bonus is paid, and the Secretary of the Commonwealth is not to 

 file proceedings for increase of capital stock until he is satisfied such 

 bonus is paid. 



Act June 15, 1897, (P. L., page 156); act May 3, 1899, section 1, (P. L., 

 page 189).* 



2. In cases of reduction of capital stock, under the twenty-third 

 section of the General Corporation Act of April 29, 1874, corpora- 

 tions are not liable in the aggregate for a greater bonus than one- 

 fourth of one per cent, upon the capital as altered and reduced. 



Act May 22, 1878, (P. L., page 97) .f 



*See the following previous acts as to payment of bonus, to wit: Act May 

 1, 1868, section 15, (P. L., page 113); act March 22, 1887, section 10, (P. L., page 

 13); act May 7, 1889, (P. L., page 115). 



tSee act May 29, 1885, section 15, (P. L., page 36), as to natural r^s com- 

 panies. 



10 



