Page:United States Statutes at Large Volume 68 Part 1.djvu/264

 232

PUBLIC LAW 389-JUNE 8, 1954

[68 S T A T.

of incorporation or certificate of authority, as the case may be, into good standing with like effect as if such proclamation of revocation, as to such corporation, had not been issued. RESERVATION OF N A M E OF PROCLAIMED CORPORATION

SEC. 126. The Commissioners shall reserve the names of all corporations the articles of incorporation of which have been revoked and of all foreign corporations the certificates of authority of which have been revoked until December 31 of the year in which the proclamation of revocation was issued and no domestic corporation shall be formed nor the name of any such domestic corporation changed to a name the same as or deceptively similar to such reserved name nor shall any foreign corporation be authorized to do business under a name the same as or deceptively similar to such reserved name. R E I N STATEMENT OF PROCLAIMED CORPORATIONS

SEC. 127, Upon filing a petition for reinstatement by a proclaimed corporation accompanied by the filing of the delinquent reports, or payment of delinquent annual report fee or fees in full, or both, as the case may be, plus interest thereon as provided by this Act, together with any penalties imposed by this Act, and upon payment of the reinstatement fee provided by this Act at any time after the date of the issuance of the proclamation, the Commissioners, if they find that all of the documents offered for filing conform to law, shall file them in their office and shall issue their certificate of reinstatement which shall have the effect of annulling the revocation proceedings theretofore taken as to such corporation and such corporation shall have such powers, rights, duties, and obligations as it had at the time of the issuance of the proclamation with the same force and effect as to such corporation as if the proclamation had not been issued. P E N A L T Y FOR F A I L U R E TO F I L E A N N U A L REPORT ON T I M E

SEC. 128. Any corporation organized under this Act or any foreign corporation having a certificate of authority under this Act which fails or refuses to file the annual report required by this Act to be filed on April 15 of each year shall pay a penalty of $25. P E N A L T Y FOR F A I L U R E TO M A I N T A I N REGISTERED OFFICE OR REGISTERED AGENT

SEC. 129. Any corporation incorporated or reincorporated under this Act, or any foreign corporation which has been issued a certificate of authority under this Act, which fails or refuses to maintain a registered office or a registered agent in the District of Columbia, in accordance with the provisions of this Act shall be deemed to be guilty of a misdemeanor and upon conviction thereof by a court of competent jurisdiction shall be fined in an amount not exceeding $500. E F F E C T OF N O N P A Y M E N T OF FEES

SEC. 130. (a) The Commissioners shall not file any articles, statements, certificates, reports, applications, notices, or other papers relating to any corporation, domestic or foreign, organized under or subject to the provisions of this Act, until all fees and charges provided to be paid in connection therewith shall have been paid to him or while the corporation is in default in the payment of any fees, charges, or penalties herein provided to be paid by or assessed against it.

�