Sec.

CHAPTER 61—FOREIGN CORPORATIONS

GENERALLY

871. Corporation; joint stock company.

872. Application for license to do business; service of process; filing fee.

873. Additional requirements for insurance companies.

874. Annual statement and license tax for insurance companies.

875. Issuance of license.

876. Continuance after first license period.

877. Revocation of license.

878. Loss of benefit of statute of limitations.

879. Penalties for violation; validity of contracts.

880. Corporations dealing in securities.

881. Surrender of license to do business.

882. Service of process after revocation or surrender of license.

§ 871. Corporation; joint stock company

As used in this chapter, "corporation" includes joint stock companies.

§ 872. Application for license to do business; service of process; filing fee

(a) A corporation organized under the laws of a State of the United States or of a foreign country may not do business in the Canal Zone or maintain an office therein until it has filed with the executive secretary of the Canal Zone Government:

(1) an application for a license setting forth:

(A) the name of the corporation;

(B) the names of its officers and directors; and

(C) the general nature of the business in which it desires

to engage in the Canal Zone;

(2) a copy, duly certified by the officer authorized by law to certify it, of the:

(A) articles of incorporation;

(B) charter; or

(C) statutory, executive, or governmental acts creating the corporation, when it has been so created;

(3) an affidavit sworn by an authorized officer of the corporation stating the amount of its authorized capital stock at or within 60 days prior to the filing.

(4) a designation of a person residing within the Canal Zone upon whom process issued under any law of the Canal Zone may be served, and his place of business or residence, and a certified copy of the minutes of the board of directors of the corporation authorizing the designation.

(b) Process served on the person designated by the corporation or, if he can not be found at the place designated, or if a person is not designated, on the executive secretary of the Canal Zone Government, is a valid service on the corporation. When the executive secretary is served with process he shall without delay communicate the same to the corporation concerned at its last known address. A default judgment may not be entered against the corporation in an action in which process is served on the executive secretary until at least 60 days after the date of the service.

(c) A corporation licensed pursuant to this chapter shall also file with the executive secretary any change in the provisions of its original articles of incorporation.

(d) With the application for license there shall also be paid $10, which shall cover the filing fee and annual license fee for the remainder of the calendar year during which the license is issued.

§ 873. Additional requirements for insurance companies

In addition to the other requirements of this chapter, an insurance company organized under the laws of a State of the United States or of a foreign country shall file the following documents:

(1) a certificate of an authorized official, showing that the company is authorized to transact business in the State or country under whose laws the company is organized;

(2) a duly certified copy of the last annual statement of the insurance company to an authorized official in the State or country where the company is organized;

(3) a deposit with the executive secretary of the Canal Zone Government of $10,000 in cash or current marketable securities, which shall be held in trust by the executive secretary for the account of the company, to satisfy any judgment that may be rendered against the company, under insurance policies that it may issue.

§ 874. Annual statement and license tax for insurance companies

An insurance company licensed pursuant to this chapter shall file with the executive secretary of the Canal Zone Government before March 1 of each year a verified statement showing the business transacted within the Canal Zone by the company during the previous calendar year and a duly certified copy of its annual report to an authorized official of the State or country in which the company is organized. Upon a showing of good cause therefor, the executive secretary may extend the time for filing the statement for a period not exceeding two months after March 1.

An insurance company licensed pursuant to this chapter shall pay before March 1 of each year, in lieu of all other taxes except the annual fee provided for by section 876 of this title, a license tax equal to 11⁄2 percent of its net premium receipts in the Canal Zone for the preceding calendar year.

§ 875. Issuance of license

Upon compliance by a corporation with the conditions prescribed by sections 872-874 of this title, and if the Governor is satisfied that the business desired to be transacted is proper, legitimate and permissible under the laws of the Canal Zone, and not in conflict with the policy of administering the Canal Zone as an adjunct of the Panama Canal, he may issue a license to do business in the Canal Zone.

§ 876. Continuance after first license period

The right of a corporation to continue to do business for the calendar year, and the successive calendar years, after the calendar year during which the original license was issued, shall be contingent upon:

(1) compliance with the provisions of this chapter applicable to corporations licensed under it;

(2) payment of a license fee of $10, payable in advance, on January 1 of each year; and

(3) designation of a new process agent before March 1, if the process agent previously designated has ceased during a preceding calendar year to reside within the Canal Zone.

§ 877. Revocation of license

The Governor may revoke a license issued pursuant to this chapter if, upon examination, he is satisfied that the operations of the corporation are conducted in an illegal manner, or in a manner contrary to public policy or to the policy of administering the Canal Zone as an adjunct of the Panama Canal.

§ 878. Loss of benefit of statute of limitations

Corporations doing business in the Canal Zone which fail to comply with this chapter are not entitled to the benefit of the laws of the Canal Zone limiting the time for the commencement of civil actions. 879. Penalties for violation; validity of contracts

(a) A corporation which does business in the Canal Zone without having complied with this chapter shall be fined not more than $500.

(b) Whoever acts as an officer of, or agent for, a corporation which has not complied with this chapter, shall be fined not more than $100 or imprisoned in jail not more than 30 days, or both.

(c) Every contract made by or on behalf of such a corporation affecting the liability thereof or relating to property within the Canal Zone is void on its behalf and on behalf of its assigns, but is enforceable against it or them.

§ 880. Corporations dealing in securities

A corporation licensed pursuant to chapter 79 of this title is not required to comply with sections 871-879 of this title.

§ 881. Surrender of license to do business

(a) A corporation licensed to do business in the Canal Zone may surrender its license by filing with the executive secretary of the Canal Zone Government a certificate signed and acknowledged by its president or a vice president and its secretary or an assistant secretary or treasurer, setting forth:

(1) the name of the corporation as shown on the records of the executive secretary, and the State or place of incorporation; (2) that it revokes its designation of agent for the service of process;

(3) that it surrenders its authority to do business in the Canal Zone and returns its license for cancellation, or that the license has been lost or destroyed, if such is the fact;

(4) that it consents that process against it in any action upon a liability or obligation incurred within the Canal Zone prior to the filing of the certificate of surrender may be served upon the executive secretary of the Canal Zone Government;

(5) a post office address to which the executive secretary may mail a copy of any process served upon him, which address may be changed from time to time by filing a certificate entitled "certificate of change of address of surrendered foreign corporation" signed and acknowledged by the president, a vice president, secretary, assistant secretary, or treasurer.

(b) The license shall be attached to the certificate of surrender unless the license has been lost or destroyed, in which case there shall be attached an affidavit of the president, vice president, secretary, assistant secretary, or treasurer to that effect.

(c) Mere retirement from doing business in the Canal Zone without filing a certificate of surrender of license does not revoke the appointment of any agent for the service of process within the Canal Zone. § 882. Service of process after revocation or surrender of license (a) After the license of a corporation has been revoked or surrendered, process against the corporation may be served upon the executive secretary of the Canal Zone Government in any action upon a liability or obligation incurred within the Canal Zone prior to the revocation or the filing of the certificate of surrender.

(b) Section 872 (b) of this title applies to service of process upon the executive secretary pursuant to this section.

(c) The revocation or surrender of a license does not affect any action pending at the time.

951. Regulations prohibiting or governing sale or use of fireworks. 952. Penalties for violation.

Subchapter I-Health, Sanitation, and Quarantine

§ 911. Regulations of the President

The President shall prescribe, and from time to time may amend, regulations governing matters of health, sanitation and quarantine for the Canal Zone.

§ 912. Penalties for violation

Whoever violates a regulation issued pursuant to section 911 of this title shall:

(1) if it is a health or sanitation regulation, be fined not more than $100 or imprisoned in jail not more than 30 days, or both; or (2) if it is a quarantine regulation, be fined not more than $500 or imprisoned in jail not more than 90 days, or both. Each day the violation continues constitutes a separate offense.

Subchapter II-Fire Prevention

§ 931. Regulations for fire protection

The Governor shall prescribe, and from time to time may amend, regulations for the prevention of, and protection against, fires in the Canal Zone.

Regulations issued pursuant to this section have no force within the boundaries of military or naval reservations in the Canal Zone, unless they are prescribed with the concurrence of the officers commanding the military and naval forces in the Canal Zone, as to the reservations within their respective jurisdictions.

§ 932. Penalties for violation

Whoever violates a regulation issued pursuant to section 931 of this title shall be fined not more than $100 or imprisoned in jail not more than 30 days, or both.

Subchapter III-Fireworks

§ 951. Regulations prohibiting or governing sale or use of fireworks

The Governor may prescribe, and from time to time amend, such regulations prohibiting, limiting, or otherwise governing the sale and use of fireworks within the Canal Zone, or any parts thereof, as he deems necessary to public safety.

§ 952. Penalties for violation

Whoever violates a regulation issued pursuant to section 951 of this title shall be fined not more than $100 or imprisoned in jail not more than 30 days, or both.

Sec.

CHAPTER 65-HIGHWAYS, ROADS, AND VEHICLES

1001. Regulations by the President.

1002. Agreements with Panama for reciprocal regulations. 1003. Penalties for violation.

§ 1001. Regulations by the President

(a) Until otherwise provided by the Congress, the President may make, publish, and enforce, and from time to time amend, rules and regulations for the use of the public highways and roads in the Canal Zone, and for the regulation, licensing, and taxing of the use and operation of all self-propelled vehicles using the public highways and roads, including speed limit, signals, tags, license fees, and all detailed regulations which may, from time to time, be deemed necessary in the exercise of the authority hereby conferred.

(b) The taxes on automobiles may be graded according to the value or the power of the machine.

§ 1002. Agreements with Panama for reciprocal regulations The President may make mutual agreements with the Republic of Panama concerning:

(1) the reciprocal use of the public highways and roads of the Canal Zone and the Republic of Panama by self-propelled vehicles;

(2) taxes and license fees; and

(3) other matters of regulation to establish comity for the convenience of the residents of the two jurisdictions.

§ 1003. Penalties for violation

Whoever violates a regulation issued pursuant to section 1001 or 1002 of this title shall be fined not more than $100 or imprisoned in jail not more than 30 days, or both. '

Sec.

CHAPTER 67-INTERNAL SECURITY

1051. Photographing, etc., and possession of cameras in Canal Zone areas. 1052. Penalties for violating regulations pursuant to section 1051.

§ 1051. Photographing, etc., and possession of cameras in Canal

Zone areas

Whenever, in the interests of the protection of the Panama Canal and the Canal Zone, the Governor determines that a part or feature of the Panama Canal, or an area, object, installation, or structure within the Canal Zone, requires protection against the general dissemination of information relative thereto, he may prescribe, and from time to time amend, regulations prohibiting or restricting the:

(1) making of a photograph, sketch, drawing, map, or graphical representation of, within, or upon that part or feature of the Panama Canal, or that area, object, installation, or structure within the Canal Zone; and

(2) possession of a camera within any area in the Canal Zone which the Governor designates.

Regulations issued pursuant to this section do not apply to activities of the kind covered by this section which are conducted or performed in the course of their official duties by persons in the service or employ of the United States.

§ 1052. Penalties for violating regulations pursuant to section 1051

Whoever violates a regulation issued pursuant to section 1051 of this title shall be fined not more than $1,000 or imprisoned in jail not more than one year, or both.