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(a) All railroad, street, interurban, or other transportation companies organized under the laws of this state shall pay the following incorporation fees:
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(1) On all lines not exceeding twenty-five (25) miles in length, one hundred dollars ($100); and
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(2) On lines exceeding twenty-five (25) miles in length, four dollars ($4.00) per mile for every additional mile the company proposes to construct or operate, and the company shall pay four dollars ($4.00) per mile for any increase by reason of construction.
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(b) Every express company, sleeping car company, and private car company organized under the laws of this state shall pay to the Treasurer of State incorporation fees of one dollar ($1.00) per mile for every mile of railroad over which such a corporation proposes to do business in Arkansas.
