O.C.G.A.
O.C.G.A.

O.C.G.A. § 52-4-16 (2019)

Taxes applicable to canal companies

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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The corporations named in this chapter shall be subject to state, county, and municipal taxation.

History

Ga. L. 1893, p. 81, § 13; Civil Code 1895, § 1999; Civil Code 1910, § 2380; Code 1933, § 17-114.

Annotations

RESEARCH REFERENCES C.J.S. - 84 C.J.S., Taxation, §§ 4, 34, 109, 197 et seq., 411.

CHAPTER 5 NAVIGATION COMPANIES Sec.

Sec. Granting of corporate powers and privileges by Secretary of State. Filing of petition for incorporation; contents of petition; attachment of affidavit of incorporators; endorsement, recordation, and filing of petitions by Secretary of State. Issuance of certificate of incorporation generally. Time of commencement of corporate existence; payment of fee for issuance of certificate. Duty of Secretary of State to assure company’s compliance with chapter prior to issuance of certificate; certificate as constituting evidence of corporation’s existence and compliance with chapter. Organization of company; quorum; election of first board of directors; qualifications of di-

rectors; election and appointment of officers and agents; annual election of, and filling of vacancies on, board of directors. Opening books of subscription for capital stock; restriction on increase of capital stock. Manner of payment for stock; auction sale of stock upon default by subscriber; giving delinquent subscriber notice of auction sale. Stock as constituting personal property; determination of manner of transfer of stock. Procedure for increase of capital stock. Powers of companies generally. Adoption of chapter by companies incorporated prior to April 1, 1969, and by persons otherwise owning or operating a navigation business.

Cross references. - Corporations generally, Ga. Const. 1983, Art. III, Sec. VI, Para. V and T. 14, C. 4.