AB150: Bill Text

AB150,1584,7 182.34 (7) Tolls and license fees authorized under s. 182.33 (2) shall be so fixed and adjusted in respect of the aggregate of tolls of each turnpike project including any extension or section thereof in connection with which the bonds of any issue shall have been issued as to provide a fund sufficient with other revenue from such turnpike project or extensions or sections thereof, if any, to pay a) the cost of maintaining, repairing and operating such turnpike project or extension or section thereof, including the legal liabilities of the corporation, and b) the principal of and the interest on such bonds as the same shall become due and payable, and to create reserve for such purposes. Such tolls shall not be subject to supervision or regulation by any commission, board, bureau or agency of the state. The tolls and all other revenues derived from each turnpike project or extensions or sections in connection with which the bonds of any issue shall have been issued, except such part thereof as may be necessary to pay such costs of maintenance, repair and operation including the legal liabilities of the corporation, and to provide such reserves therefor as may be provided for in the resolution authorizing the issuance of such bonds or in the trust agreement securing the same, shall be set aside at such regular intervals as may be provided in such resolution or such trust agreement in a sinking fund which shall be pledged to and charged with, the payment of the principal of and the interest on such bonds as the same shall become due, and the redemption price and the purchase price of bonds retired by call or purchase as therein provided. Such pledge shall be valid and binding from the time when the pledge is made; the tolls or other revenues or other moneys so pledged and thereafter received by the corporation shall immediately be subject to the lien of such pledge without any physical delivery thereof, or further act, and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the corporation. All trust agreements and all resolutions relating thereto shall be filed in the office of the secretary of state with the department of revenue and recorded in the records of the corporation.

AB150, s. 4736 Section 4736. 182.45 of the statutes is amended to read:

AB150,1584,15 182.45 Reports. On or before the first day of February of each year, the corporation shall make an annual report of its activities for the preceding calendar year to the secretary of state department of revenue. Each such report shall set forth a complete operating and financial statement covering its operations during the year. The corporation shall cause an audit of its books to be made at least once each year by certified public accountants and the cost thereof may be treated as a part of the cost of the construction or of operations of the project.

AB150, s. 4737 Section 4737. 183.0102 (3m) of the statutes is created to read:

AB150,1584,17 183.0102 (3m) "Department" means the department of revenue.

AB150, s. 4738 Section 4738. 183.0102 (17) of the statutes is amended to read:

AB150,1584,20 183.0102 (17) "Organizer" means the person who signs and delivers the articles of organization for filing to the secretary of state department.

AB150, s. 4739 Section 4739. 183.0103 (2) (intro.) of the statutes is amended to read:

AB150,1584,24 183.0103 (2) (intro.) Except as provided in sub. (4), the name of a domestic limited liability company shall be distinguishable upon the records of the secretary of state department from all of the following names:

AB150, s. 4740 Section 4740. 183.0103 (4) (intro.) of the statutes is amended to read:

AB150,1585,5 183.0103 (4) (intro.) A limited liability company may apply to the secretary of state department for authorization to use a name that is not distinguishable upon the records of the secretary of state department from one or more of the names described in sub. (2) (a) to (c). The secretary of state department shall authorize use of the name applied for if any of the following occurs:

AB150, s. 4741 Section 4741. 183.0103 (4) (a) of the statutes is amended to read:

AB150,1585,11 183.0103 (4) (a) The other limited liability company, corporation, nonstock corporation, limited partnership or cooperative association consents to the use in writing and submits an undertaking in a form satisfactory to the secretary of state department to change its name to a name that is distinguishable upon the records of the secretary of state department from the name of the applicant.

AB150, s. 4742 Section 4742. 183.0103 (4) (b) of the statutes is amended to read:

AB150,1585,15 183.0103 (4) (b) The applicant delivers to the secretary of state department a certified copy of a final judgment of a court of competent jurisdiction establishing the applicant's right to use the name applied for in this state.

AB150, s. 4743 Section 4743. 183.0104 (1) of the statutes is amended to read:

AB150,1586,4 183.0104 (1) A person may reserve the exclusive use of a limited liability company name, including a fictitious name for a foreign limited liability company whose name is not available, by delivering an application to the secretary of state department for filing or by making a telephone application. The application shall include the applicant's name and address and the name proposed to be reserved. If the secretary of state department finds that the name applied for under this subsection is available, the secretary of state department shall reserve the name for the applicant's exclusive use for a 120-day period, which may be renewed by the applicant or a transferee under sub. (2) from time to time. If an application to reserve a name or to renew a reserved name is made by telephone, the secretary of state department shall cancel the reservation or renewal if the secretary of state department does not receive the fee required under s. 183.0114 (1) (e) or (f) within 10 business days after the day on which the application is made.

AB150, s. 4744 Section 4744. 183.0104 (2) of the statutes is amended to read:

AB150,1586,9 183.0104 (2) A person who has the right to exclusive use of a reserved name under sub. (1) may transfer the reservation to another person by delivering to the secretary of state department a written and signed notice of the transfer that states the name and address of the transferee.

AB150, s. 4745 Section 4745. 183.0104 (3) (a) of the statutes is amended to read:

AB150,1586,15 183.0104 (3) (a) A foreign limited liability company may register its name if the name is distinguishable upon the records of the secretary of state department from the names described in s. 183.0103 (2) (a) to (c) and if the foreign limited liability company delivers to the secretary of state department for filing an application complying with par. (b).

AB150, s. 4746 Section 4746. 183.0104 (3) (c) of the statutes is amended to read:

AB150,1586,21 183.0104 (3) (c) The registration expires annually on December 31. A foreign limited liability company may renew its registration by delivering to the secretary of state department for filing a renewal application, which complies with par. (b), between October 1 and December 31 of each year that the registration is in effect. The renewal application when filed renews the registration for the next year.

AB150, s. 4747 Section 4747. 183.0105 (2) (a) of the statutes is amended to read:

AB150,1586,24 183.0105 (2) (a) Delivering to the secretary of state department for filing a statement of change.

AB150, s. 4748 Section 4748. 183.0105 (2) (c) of the statutes is created to read:

AB150,1587,4 183.0105 (2) (c) Including the name of its registered agent and the street address of its registered office, as changed, in its annual report under s. 183.0120. A change under this paragraph is effective on the date the annual report is filed by the office of the secretary of state.

AB150, s. 4749 Section 4749. 183.0105 (2) (c) of the statutes, as created by 1995 Wisconsin Act .... (this act), is amended to read:

AB150,1587,10 183.0105 (2) (c) Including the name of its registered agent and the street address of its registered office, as changed, in its annual report under s. 183.0120. A change under this paragraph is effective on the date the annual report is filed by the office of the secretary of state department.

AB150, s. 4750 Section 4750. 183.0105 (4) of the statutes is amended to read:

AB150,1587,18 183.0105 (4) If a registered agent changes the street address of the registered agent's business office, the registered agent may change the street address of the registered office of any limited liability company for which that person is the registered agent by notifying the limited liability company in writing of the change and by signing, either manually or in facsimile, and delivering to the secretary of state department for filing a statement that complies with sub. (3) and recites that the limited liability company has been notified of the change.

AB150, s. 4751 Section 4751. 183.0105 (5) (intro.) of the statutes is amended to read:

AB150,1587,22 183.0105 (5) (intro.) The registered agent of a limited liability company may resign as registered agent by delivering to the secretary of state department for filing a written statement that includes all of the following information:

AB150, s. 4752 Section 4752. 183.0105 (6) of the statutes is amended to read:

AB150,1588,3 183.0105 (6) After filing the statement required under sub. (5), the secretary of state department shall mail a copy of the statement to the limited liability company at its principal office.

AB150, s. 4753 Section 4753. 183.0105 (8) (c) of the statutes is renumbered 183.0105 (8) (c) 1. and amended to read:

AB150,1588,11 183.0105 (8) (c) 1. If Except as provided in subd. 2., if the address of the limited liability company's principal office cannot be determined from the records of the secretary of state, the limited liability company may be served by publishing a class 3 notice, under ch. 985, in the community where the limited liability company's registered office, as most recently designated in the records of the secretary of state, is located.

AB150, s. 4754 Section 4754. 183.0105 (8) (c) 1. of the statutes, as affected by 1995 Wisconsin Act .... (this act), is amended to read:

AB150,1588,19 183.0105 (8) (c) 1. Except as provided in subd. 2., if the address of the limited liability company's principal office cannot be determined from the records of the secretary of state department, the limited liability company may be served by publishing a class 3 notice, under ch. 985, in the community where the limited liability company's registered office, as most recently designated in the records of the secretary of state department, is located.

AB150, s. 4755 Section 4755. 183.0105 (8) (c) 2. of the statutes is created to read:

AB150,1588,25 183.0105 (8) (c) 2. If a process, notice or demand is served by the secretary of state on a limited liability company under s. 183.0911 and the address of the limited liability company's principal office cannot be determined from the records of the secretary of state, the limited liability company may be served by publishing a class 2 notice, under ch. 985, in the official state newspaper.

AB150, s. 4756 Section 4756. 183.0105 (8) (c) 2. of the statutes, as created by 1995 Wisconsin Act .... (this act), is amended to read:

AB150,1589,7 183.0105 (8) (c) 2. If a process, notice or demand is served by the secretary of state department on a limited liability company under s. 183.0911 and the address of the limited liability company's principal office cannot be determined from the records of the secretary of state department, the limited liability company may be served by publishing a class 2 notice, under ch. 985, in the official state newspaper.

AB150, s. 4757 Section 4757. 183.0107 (1) (intro.) of the statutes is amended to read:

AB150,1589,11 183.0107 (1) (intro.) Except as provided in this chapter, any document required or permitted by this chapter to be delivered for filing to the secretary of state department shall be executed by any of the following:

AB150, s. 4758 Section 4758. 183.0107 (3) of the statutes is amended to read:

AB150,1589,15 183.0107 (3) The person executing the document may do so as an attorney-in-fact. Powers of attorney relating to the execution of the document do not need to be shown to or filed with the secretary of state department.

AB150, s. 4759 Section 4759. 183.0108 (1) (intro.) of the statutes is amended to read:

AB150,1589,19 183.0108 (1) (intro.) Except as provided in sub. (3), to be filed under s. 183.0110, a document required or permitted to be filed under this chapter in the office of the secretary of state with the department shall satisfy all of the following requirements:

AB150, s. 4760 Section 4760. 183.0108 (1) (c) of the statutes is amended to read:

AB150,1589,22 183.0108 (1) (c) Contain the name of the drafter, if required by s. 14.38 (14) 73.20 (3).

AB150, s. 4761 Section 4761. 183.0108 (1) (e) of the statutes is amended to read:

AB150,1589,25 183.0108 (1) (e) Be on the form prescribed by the secretary of state department if the document is described in s. 183.0109 (1).

AB150, s. 4762 Section 4762. 183.0108 (1) (f) of the statutes is amended to read:

AB150,1590,4 183.0108 (1) (f) Be delivered to the office of the secretary of state department for filing and be accompanied by one exact or conformed copy and the filing fee required by s. 183.0114.

AB150, s. 4763 Section 4763. 183.0108 (2) of the statutes is amended to read:

AB150,1590,8 183.0108 (2) The secretary of state department shall file photocopies or other reproduced copies of typewritten or printed documents if the copies are manually signed and satisfy this section.

AB150, s. 4764 Section 4764. 183.0108 (3) of the statutes is amended to read:

AB150,1590,12 183.0108 (3) The secretary of state department may waive any of the requirements of subs. (1) and (2) and of s. 183.0107 if it appears from the face of the document that the document's failure to satisfy the requirement is immaterial.

AB150, s. 4765 Section 4765. 183.0109 (1) (a) (intro.) of the statutes is amended to read:

AB150,1590,15 183.0109 (1) (a) (intro.) The secretary of state department shall prescribe, and furnish on request, forms for all of the following documents:

AB150, s. 4766 Section 4766. 183.0109 (1) (a) 4. of the statutes is created to read:

AB150,1590,18 183.0109 (1) (a) 4. A domestic limited liability company's or a foreign limited liability company's annual report under s. 183.0120.

AB150, s. 4767 Section 4767 . 183.0109 (1) (b) of the statutes is amended to read:

AB150,1590,22 183.0109 (1) (b) The forms prescribed by the secretary of state under par. (a) 1. to 3. 4. shall require disclosure of only the information required under ss. 183.1004, 183.1006 and, 183.1011 and 183.0120, respectively.

AB150, s. 4768 Section 4768 . 183.0109 (1) (b) of the statutes, as affected by 1995 Wisconsin Act .... (this act), is amended to read:

AB150,1591,3 183.0109 (1) (b) The forms prescribed by the secretary of state department under par. (a) 1. to 4. shall require disclosure of only the information required under ss. 183.1004, 183.1006, 183.1011 and 183.0120, respectively.

AB150, s. 4769 Section 4769. 183.0109 (2) of the statutes is amended to read:

AB150,1591,7 183.0109 (2) The secretary of state department may prescribe, and furnish on request, forms for other documents required or permitted to be filed by this chapter, but use of these forms is not mandatory.

AB150, s. 4770 Section 4770. 183.0110 (title) of the statutes is amended to read:

AB150,1591,9 183.0110 (title) Filing duty of secretary of state department of revenue.

AB150, s. 4771 Section 4771. 183.0110 (1) of the statutes is amended to read:

AB150,1591,16 183.0110 (1) Upon receipt of a document by the office of the secretary of state department for filing under this chapter, the secretary of state department shall stamp or otherwise endorse the date and time of receipt on the original, the document copy and, upon request, any additional document copy received. The secretary of state department shall return any additional document copy to the person delivering it, as confirmation of the date and time of receipt.

AB150, s. 4772 Section 4772. 183.0110 (2) (a) of the statutes is amended to read:

AB150,1591,24 183.0110 (2) (a) Except as provided in par. (b), if a document satisfies s. 183.0108 and the terms of the document satisfy the applicable provisions of this chapter, the secretary of state department shall file the document by stamping or otherwise endorsing "filed", together with the secretary of state's department's name and official title, on both the original and the document copy. After filing a document, the secretary of state department shall deliver the document copy to the domestic limited liability company or foreign limited liability company, or its representative.

AB150, s. 4773 Section 4773. 183.0110 (2) (b) of the statutes is amended to read:

AB150,1592,6 183.0110 (2) (b) If a domestic limited liability company or foreign limited liability company is in default in the payment of any fee required under this chapter, the secretary of state department shall refuse to file any document relating to the domestic limited liability company or foreign limited liability company until all delinquent fees are paid by the domestic limited liability company or foreign limited liability company.

AB150, s. 4774 Section 4774. 183.0110 (3) (a) of the statutes is amended to read:

AB150,1592,13 183.0110 (3) (a) If the secretary of state department refuses to file a document, the secretary of state department shall return it to the domestic limited liability company or foreign limited liability company, or its representative, within 5 business days after the date on which the document is received by the office of the secretary of state department for filing, together with a brief, written explanation of the reason for the refusal.

AB150, s. 4775 Section 4775. 183.0110 (3) (b) of the statutes is amended to read:

AB150,1592,17 183.0110 (3) (b) The secretary of state's department's failure to either file or return a document within 5 business days after the date on which it is received constitutes a refusal to file the document.

AB150, s. 4776 Section 4776. 183.0110 (3) (c) of the statutes is amended to read:

AB150,1593,2 183.0110 (3) (c) Except as provided in s. 183.0112 (3), if a document that had been refused for filing by the secretary of state department is resubmitted to and filed by the secretary of state department, the effective date of the filed document under s. 183.0111 is the date that the resubmitted document is received by the office of the secretary of state department for filing or a delayed effective date specified in the resubmitted document in accordance with s. 183.0111 (2). The effective time of the resubmitted documents shall be determined under s. 183.0111 (1) or (2), whichever is applicable.

AB150, s. 4777 Section 4777. 183.0110 (4) (intro.) of the statutes is amended to read:

AB150,1593,6 183.0110 (4) (intro.) Except as provided in s. 183.0204 (2), the secretary of state's department's filing of a document or refusal to file a document does not do any of the following: