Iowa Law Relating to Inspection of Stocks Bonds And Securities to Prevent Fraud
Iowa Law Relating to Inspection of Stocks Bonds And Securities to Prevent Fraud
Statutes Iowa 1907 Laws
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00) inspection fees to the said secre- tary of state in any one year. Section 5. The secretary of state shall keep an accurate account of all moneys received from each person, firm, association, company or cor- poration as filing and inspection fees under the provisions of this act, and a record of all money expended in the enforcement of the provisions of this act, and at the end of the biennial period a report shall be made to the governor and legislature showing the amount of fees received a...nd the amount of the money expended in the administration of this act, and if from said re- port it shall appear that the inspection fees are in substantial excess of the cost of inspection and all expenses incidental thereto, the succeed- ing legislature shall then reduce the amount of said inspection fees in proportion to the amount of such excess collected hereunder. Section 6. Every non-resident person, firm, asso- ciation, company or corporation subject to the provisions of this act shall, before receiving a certificate as provided for in section 1 hereof, file in the office of the secretary of state an agreement in writing signed by the person re- ceiving the permit, if the business is to be carried on by an individual, and by the signature of a member of a co-partnership or company, if it be a co-partnership or company, and by the signatures of the president and secretary of the incorporated or unincorporated company or asso- ciation, if it be a company or association, authen- ticated by the seal of said company, if possessed of a seal, and shall be accompanied by a duly certified copy of the order or resolution of the board of directors, trustees or managers of the corporation, authorizing the said president and secretary to execute the same; that thereafter service of notice of any action or process of any kind against such non-resident person, firm, asso- ciation, company or corporation, growing out of the transaction of any business of said per- son, firm, association, company or corporation in this state may be made on the secretary of state of the state of Iowa, and when so made, such service of notice or process of any kind shall be valid, binding and effective for all pur- poses as if served upon said non-resident person, firm, association, company or corporation accord- ing to the laws of this or any other state, and waiving all claims or right to claim error by reason of such acknowledgment of service.
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