Sec. 16A-40. Building and loan association.
Specific license tax upon purely mutual companies lending only
to stockholders, and confining its business solely to the city and
county in which organized and counties and cities immediately
contiguous thereto, shall be fifty dollars.
Specific license tax upon paid-up stock, or partially paid-up
stock, to value of twenty-five thousand dollars or less, shall be
seventy-five dollars; and a further sum of two dollars upon each
additional one thousand dollars or fractional part thereof, so paid
up.
The commissioner shall require statement under oath of capital
paid in. (4-7-69, § 19.)
