Yet it were a more constitutional and far safer thing to do than to cut the Gordian knot by a Federal incorporation act, which will forever securely intrench the trusts against State power.

4.] [Footnote 8: No reference is made in what follows to fees payable but once for the incorporation of new companies or at times of increasing the capital stock of an old one, variously called taxes on corporate charters, license taxes, incorporation fees, organization fees, and charter fees.

Centralization, by Federal incorporation law; as caused by the fourteenth amendment.

A board of directors is named in the incorporation papers and this board, through a paid manager, will transact the society's business.