§ 23-3-111 - Fees -- Foreign companies doing intrastate business. - Arkansas Statutes

23-3-111. Fees -- Foreign companies doing intrastate business.

(a) All foreign railroad, street, interurban, or other transportation companies now doing intrastate business, or desiring to engage in intrastate business, or authorized to engage in intrastate business, before being permitted to continue to do intrastate business or authorized to engage in intrastate business, shall pay the same fees as are required of like domestic corporations.

(b) (1) Every foreign express company, sleeping car company, and private car company doing intrastate business or seeking to do intrastate business in Arkansas, before being permitted to continue to do intrastate business or authorized to engage in intrastate business, shall pay one dollar ($1.00) for every mile of railroad over which the corporation does, or proposes to do, intrastate business in this state.

(2) If any such corporation operates over more miles of railroad in the transaction of its business after the payment of the first fee, it shall pay an additional fee at the same rate provided by subdivision (b)(1) of this section.