Executive Order 1752

By virtue of the authority vested in me, I hereby establish the following Order for the Canal Zone:

. No corporation or joint stock company (other than insurance companies) organized under the laws of any State or Territory of the United States or of any foreign government shall do business in the Canal Zone until after it has filed in the office of the Collector of Revenues a duly authenticated copy of its charter or articles of incorporation, as well as a statement, verified by the oath of the president or secretary of said corporation and attested by a majority of its board of directors, showing:


 * The name of such corporation and the location of its principal office or place of business outside of the Canal Zone; and if it is to have any place of business or principal office within the Canal Zone, the location thereof.
 * The amount of its capital stock.
 * The amount of its capital stock actually paid in, in money, and the amount of its capital stock paid in, in any other way, and in what way the payment was made.
 * The amount of assets of the corporation and in what the assets consist, and the actual cash value thereof.
 * The liabilities of such corporation and if any of its indebtedness is secured, how secured, and upon what property.
 * Such other evidence as the Collector of Revenues may deem necessary to satisfy him of the financial standing or solvency of the corporation or company.

. Such corporation or joint stock company shall file a certificate with the Collector of Revenues, certifying that said corporation or joint stock company has consented to be sued in the Canal Zone upon all causes of action arising against it therein, and designating the Collector of Revenues, and his successors in office, to be its true and lawful attorney, upon whom all process in any such action may be served; and it shall agree that any lawful process against it, served on such attorney shall constitute a valid service upon it, and that his authority shall continue in force so long as any liability against it remains outstanding in the Canal Zone.

Such power of attorney, and the vote authorizing its execution, duly certified and authenticated, shall be filed in the office of the Collector of Revenues, and a copy thereof, certified by him, shall be sufficient evidence thereof.

No corporation or joint stock company shall do business in the Canal Zone until such certificate is duly filed and the other provisions of this Order are complied with.

. Upon compliance with the conditions set out in the foregoing section of this Order and the payment of an annual fee, in advance, of $50, to the Collector of Revenues, he shall issue to such corporation or company a certificate authorizing it to do business within the Canal Zone. Such certificate, however, shall be terminable by the direction of the Chief Executive of the Canal Zone, but if terminated without fault upon the part of the corporation or joint stock company, a proportionate rebate of the license fee will he made to such corporation or company.

. Any agent or person representing a corporation or joint stock company who does business in the Canal Zone before such corporation or company has complied with the provisions of this Order shall be subject to a fine not exceeding $25, or imprisonment in jail not exceeding thirty days, and each day's business so done by such agent or person shall be considered a separate offense for the purpose of this Order.

. This Order shall not be held to modify the provisions of an Executive Order relating to insurance companies, dated March 12, 1907, effective July 1, 1907.

. This Order shall take effect sixty days from the date of its publication in The Canal Record. .


 * March 20, 1913.