Elliott's Knob Iron, Steel & Coal Co. v. State Corp. Commission

Sims, J.,

after making the foregoing statement, delivered the following opinion of the court:

The position of the appellant is that by virtue of the provision of the Constitution of the Commonwealth of Vir- ' ginia above quoted and the statute law enacted in pursuance thereof the failure of the appellant for two years to pay its annual registration fee of 1904 or to make in 1904 its annual report of the amount of its maximum capital stock and the continuance of such failure for ninety days after the expiration of such two years, ipso facto forfeited the charter of the appellant, so that its…