Powers, J.
In 1896, four corporations having their prin■cipal offices at Rutland executed and filed with the secretary of state an agreement for consolidation. The constituent ■companies were the Peoples Gas Light Company, the Rutland [93]*93Street Railway Company, the Vermont Internal Improvement Company, and the Chittenden Power Company, and the consolidated company was styled the Rutland Railway, Light and Power Company. In accordance Avith the consolidation agreement, the stock of the consolidated company was issued in exchange for that of the constituent companies, and all the property of the latter was turned over to the former. Each of the constituent companies had paid all charter fees and license taxes called for by the law, but the defendant never paid a charter fee, save as hereinafter stated. In 1908, a bill, which finally became No. 303, Acts of 1908, Avas introduced into the Legislature passed the House and Senate, and Avent to the Governor for his approval. While this bill was awaiting the Governor’s signature, the treasurer of the State made a claim thait the defendant owed the State an unpaid charter tax. This claim Avas denied by the defendant, but rather than have the approval of the bill delayed or imperiled by it, the defendant entered into a stipulation Avith the attorney general whereby it was agreed that the defendant should deposit the sum of five hundred dollars— the maximum sum for Avhich it could be liable — with the state treasurer to await the result of this friendly suit to be brought in Windsor County for convenience, and in case the State prevailed therein this deposit was to be used to liquidate the judgment; otherwise, it was to be returned.
The deposit was made, and thereupon the pending bill was approved by the Governor. This suit was brought July 20, 1909, specification covering a charter fee of five hundred dollars was filed August 13, 1909, defendant’s plea and notice were filed January 1, 1910, an agreed statement of facts was-filed, and a trial by court had thereon. Judgment was rendered for the plaintiff for five hundred dollars, to Avhich the defendant excepted.
The defendant claims that each of the consolidating corporations had been duly authorized by the Legislature to enter into the consolidation agreement, and that the result was a new corporation, legally created, vested Avith all the rights, privileges, franchises and property of the old corporations, which were wiped out by the transaction. The State does-not challenge the authority of the constituent companies,. [94]*94though an examination of the acts referred to in support of their authority discloses that interesting, if not difficult questions would be presented if we were called upon to investigate that .subject. But whether this attempted consolidation resulted as the defendant claims or was ineffective for want of legislative authority in some or all of the parties thereto is a question we are not called upon to decide. The consolidation, if valid, did not alone entitle the State to a charter fee. No fee would accrue under P. S. 4287, which provides (as amended) that three or more “persons” may by articles of association form a corporation, because it refers to natural persons only, and not to corporations. This is apparent from the requirement that the persons associating shall be “of age” — which could not, of course, refer to artificial persons. And were these qualifying words omitted from the statute, the result would be the «ame. Thus it was held in Factors, etc. Ins. Co. v. New Harbor Protection Co., 37 La. Ann. 233, that a corporation was not a “person” within the meaning of a statute authorizing the formation of a corporation by not less than six persons. And in Denny Hotel Co. v. Schram, 6 Wash. 134, 32 Pac. 1002, 36 Am. St. Rep. 130, it was held that a statute empowering two or more “persons” to form a corporation, did not authorize a corporation to become a subscriber to the stock of another •corporation, though another statute provided that the term ■“person” might be construed to include a corporation.
Nor would a fee accrue under P. S. 800, for corporations formed by the consolidation of pre-existing corporations are not therein provided for. While it is true that a corporation so formed becomes a new and distinct corporation, — assuming that the consolidation is legally accomplished — and that by means of a contract entered into between its constituent companies, it derives its corporate character from the Legislature through the act or acts authorizing the consolidation. So it •is held that a special act authorizing consolidation contravenes •a constitutional provision against the creation of corporations by special act. Shields v. Ohio, 95 U. S. 323, 24 L. ed. 357. Though such a corporation is, in this sense, created by a special net of the Legislature, it is apparent that it is not covered by P. S. 800, for it cannot be known when the- legislative authority [95]*95is granted or at any other time prior to the consolidation whether the authority will be made use of and a consolidation effected, •or its terms, or the amount of the capital stock of the consolidated company, which is made the basis of the amount of the tax required. And besides the provision for prepayment is wholly inapplicable and impossible in the case of a consolidated •corporation so brought into existence.
If the attempted consolidation was illegal for want of legislative authority, no fee could accrue to the State, because not even a de facto corporation resulted; such a corporation nan exist only when there is a law under which a de jure corporation could be created. Noyes Intercorp. Relations, §§ 17, 92; American Loan etc. Co. v. Minnesota, etc. R. Co., 157 Ill. 641, 42 N. E. 153.
It follows that if the State is entitled to a charter fee from the defendant, it accrued upon the passage of No. 303, Acts •of 1908, by force of P. S. 800, — which provides that “persons seeking incorporation by special act of the general assembly” shall deposit as therein provided the fee therein specified. Here, again, use is made of the term “persons;” but not, we think, in the restricted sense. By P. S. 26 it is provided that the word -“persons” may extend and be applied to bodies corporate and politic; and the section under consideration was, we think, intended to cover all who apply, — be they natural persons or corporations previously existing. We are confirmed in this opinion by the fact that when this statute was enacted, — No. 19, Acts of 1898, — it read “any body or persons seeking incorporation,” etc., — the present reading of the section being the result of revision. The language of the original act indicates an appreciation of the fact that circumstances might arise which would impel a corporation, through doubt of the legality of its organization or for some other reason of its own, to seek a special act of the Legislature confirming or declaring, in express terms, its corporate character. An examination of No. 303, discloses that the first section thereof confirms and legalizes all acts and contracts whereby the Rutland Street Railway Company, the Peoples Gas Light Company, the Chittenden Power Company and the Rutland City Electric Company consolidated with .the Vermont Internal Improvement Company. [96]*96This is the first time the name of the Rutland City Electric Company appears in any of the proceedings. But it may well be taken that this was an attempt to ratify by legislative action the consolidation hereinbefore discussed.
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Powers, J.
In 1896, four corporations having their prin■cipal offices at Rutland executed and filed with the secretary of state an agreement for consolidation. The constituent ■companies were the Peoples Gas Light Company, the Rutland [93]*93Street Railway Company, the Vermont Internal Improvement Company, and the Chittenden Power Company, and the consolidated company was styled the Rutland Railway, Light and Power Company. In accordance Avith the consolidation agreement, the stock of the consolidated company was issued in exchange for that of the constituent companies, and all the property of the latter was turned over to the former. Each of the constituent companies had paid all charter fees and license taxes called for by the law, but the defendant never paid a charter fee, save as hereinafter stated. In 1908, a bill, which finally became No. 303, Acts of 1908, Avas introduced into the Legislature passed the House and Senate, and Avent to the Governor for his approval. While this bill was awaiting the Governor’s signature, the treasurer of the State made a claim thait the defendant owed the State an unpaid charter tax. This claim Avas denied by the defendant, but rather than have the approval of the bill delayed or imperiled by it, the defendant entered into a stipulation Avith the attorney general whereby it was agreed that the defendant should deposit the sum of five hundred dollars— the maximum sum for Avhich it could be liable — with the state treasurer to await the result of this friendly suit to be brought in Windsor County for convenience, and in case the State prevailed therein this deposit was to be used to liquidate the judgment; otherwise, it was to be returned.
The deposit was made, and thereupon the pending bill was approved by the Governor. This suit was brought July 20, 1909, specification covering a charter fee of five hundred dollars was filed August 13, 1909, defendant’s plea and notice were filed January 1, 1910, an agreed statement of facts was-filed, and a trial by court had thereon. Judgment was rendered for the plaintiff for five hundred dollars, to Avhich the defendant excepted.
The defendant claims that each of the consolidating corporations had been duly authorized by the Legislature to enter into the consolidation agreement, and that the result was a new corporation, legally created, vested Avith all the rights, privileges, franchises and property of the old corporations, which were wiped out by the transaction. The State does-not challenge the authority of the constituent companies,. [94]*94though an examination of the acts referred to in support of their authority discloses that interesting, if not difficult questions would be presented if we were called upon to investigate that .subject. But whether this attempted consolidation resulted as the defendant claims or was ineffective for want of legislative authority in some or all of the parties thereto is a question we are not called upon to decide. The consolidation, if valid, did not alone entitle the State to a charter fee. No fee would accrue under P. S. 4287, which provides (as amended) that three or more “persons” may by articles of association form a corporation, because it refers to natural persons only, and not to corporations. This is apparent from the requirement that the persons associating shall be “of age” — which could not, of course, refer to artificial persons. And were these qualifying words omitted from the statute, the result would be the «ame. Thus it was held in Factors, etc. Ins. Co. v. New Harbor Protection Co., 37 La. Ann. 233, that a corporation was not a “person” within the meaning of a statute authorizing the formation of a corporation by not less than six persons. And in Denny Hotel Co. v. Schram, 6 Wash. 134, 32 Pac. 1002, 36 Am. St. Rep. 130, it was held that a statute empowering two or more “persons” to form a corporation, did not authorize a corporation to become a subscriber to the stock of another •corporation, though another statute provided that the term ■“person” might be construed to include a corporation.
Nor would a fee accrue under P. S. 800, for corporations formed by the consolidation of pre-existing corporations are not therein provided for. While it is true that a corporation so formed becomes a new and distinct corporation, — assuming that the consolidation is legally accomplished — and that by means of a contract entered into between its constituent companies, it derives its corporate character from the Legislature through the act or acts authorizing the consolidation. So it •is held that a special act authorizing consolidation contravenes •a constitutional provision against the creation of corporations by special act. Shields v. Ohio, 95 U. S. 323, 24 L. ed. 357. Though such a corporation is, in this sense, created by a special net of the Legislature, it is apparent that it is not covered by P. S. 800, for it cannot be known when the- legislative authority [95]*95is granted or at any other time prior to the consolidation whether the authority will be made use of and a consolidation effected, •or its terms, or the amount of the capital stock of the consolidated company, which is made the basis of the amount of the tax required. And besides the provision for prepayment is wholly inapplicable and impossible in the case of a consolidated •corporation so brought into existence.
If the attempted consolidation was illegal for want of legislative authority, no fee could accrue to the State, because not even a de facto corporation resulted; such a corporation nan exist only when there is a law under which a de jure corporation could be created. Noyes Intercorp. Relations, §§ 17, 92; American Loan etc. Co. v. Minnesota, etc. R. Co., 157 Ill. 641, 42 N. E. 153.
It follows that if the State is entitled to a charter fee from the defendant, it accrued upon the passage of No. 303, Acts •of 1908, by force of P. S. 800, — which provides that “persons seeking incorporation by special act of the general assembly” shall deposit as therein provided the fee therein specified. Here, again, use is made of the term “persons;” but not, we think, in the restricted sense. By P. S. 26 it is provided that the word -“persons” may extend and be applied to bodies corporate and politic; and the section under consideration was, we think, intended to cover all who apply, — be they natural persons or corporations previously existing. We are confirmed in this opinion by the fact that when this statute was enacted, — No. 19, Acts of 1898, — it read “any body or persons seeking incorporation,” etc., — the present reading of the section being the result of revision. The language of the original act indicates an appreciation of the fact that circumstances might arise which would impel a corporation, through doubt of the legality of its organization or for some other reason of its own, to seek a special act of the Legislature confirming or declaring, in express terms, its corporate character. An examination of No. 303, discloses that the first section thereof confirms and legalizes all acts and contracts whereby the Rutland Street Railway Company, the Peoples Gas Light Company, the Chittenden Power Company and the Rutland City Electric Company consolidated with .the Vermont Internal Improvement Company. [96]*96This is the first time the name of the Rutland City Electric Company appears in any of the proceedings. But it may well be taken that this was an attempt to ratify by legislative action the consolidation hereinbefore discussed. The second section of the act provides that all the charter rights, franchises, powers, and privileges conferred upon the five companies just named are continued in force and conferred uponthedefendantcompany,, and that each of the constituent companies should cease to exist. When this bill was introduced into the Legislature the defendant or the constituent companies, or both, were “seeking incorporation by special act of the General Assembly, ” and it made no-difference whether the defendant was then a legal corporation1 or not. When the act became a law, the defendant was a corporation by special act of the Legislature, regardless of what its previous status was. We must assume that a sufficient-reason existed for this application; with what that reason was,, we have no concern. Previous thereto, the statutory deposit should have been made. When the act became effective the dedeposit would have become the money of the State. Not having been made in advance it can now be collected in this suit. There is no merit in the defendant’s contention that the effect of P. S. 800 is not to require a charter fee from all corporations chartered by special act. It is the same as it would be had the section provided that all such corporations should pay the fee, and then required that it should be paid in advance. The acceptance of a charter specially granted or of a confirmatory act like the one here involved carries with it an implied promise to pay the fee.
Nor can we sustain the defendant’s claim that the judgment. below was based upon a different claim than that covered by the stipulation. The defendant insists that the stipulation only relates to a fee or fees which had become payable to the State before the introduction of the bill which became No. 303, while the judgment was rendered for a fee which accrued to the State upon the passage of that act. The stipulation refers to a claim on the part of the State that there “is due to. the State a charter tax or an additional tax” from the defendant- or the Improvement Company, or both. It also states that, “the said companies claim that no additional charter tax is [97]*97by law due from them to the State. ’ ’ The specification filed by the plaintiff recites that the plaintiff “seeks to recover the sum of five hundred dollars due the plaintiff from the defendant for defendant’s charter fee.” The language of the stipulation is broad enough to'cover the claim on which the judgment was based, for as we have seen, the fee was then due the State, since it was entitled to have it paid before the pending act became a law.
Affirmed.