Control of Corporations, Persons, and Firms Engaged in Interstate Commerce; Hearings Before the Committee on Interstate Commerce, United States Senate, Sixty-Second Congress, Pursuant to S. Res. 98, a Resolution Directing the Committee on Interstate Comme (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1912. Excerpt: ... DRAFT OF BILL SUBMITTED BY HARRY EARL MONTGOMERY. IN THE COMMITTEE ON INTERSTATE COMMERCE. PRINTED FOR THE USE OF THE COMMITTEE. A BILL To provide for the incorporation, supervision, and control of associations organized to carry on business entering into or becoming a part of interstate commerce, and for the taxing of certain articles entering into interstate commerce. 1 Be it enacted by the Senate and House of Representa 2 tives of the United States of America in Congress assembled, 3 That the power and authority of the Commissioner of Corpo 4 rations in the Department of Commerce and Labor be, and 5 hereby is, enlarged to comprise the power and authority to 6 incorporate, supervise, and control associations organized 7 to carry on business entering into or becoming a part of 8 interstate or foreign commerce, and to assess and collect a 1 special excise tax on certain articles entering into or becom 2 ing a part of interstate or foreign commerce in the manner 3 and to the extent as hereinafter provided: 4 Article I.--Incorporation. 5 Section 1. Contents Of Certificate.--Any num 6 ber of natural persons, not less than three, all of whom must 7 be of full age and citizens of the United States, may become 8 a corporation to carry on any lawful business entering into 9 or becoming a part of interstate or foreign commerce, other 10 than banking, insurance, railroad, transportation, or the 11 business of common carriers by making, signing, acknowl 12 edging, and filing a certificate which shall contain: 13 First. The name of the proposed corporation, which 14 shall be subject to the approval of the Commissioner of Cor 15 porations. 16 Second. The purpose or purposes for which it is to be 17 formed. 18 Third. The amount of capital stock and the shares into 19 ...