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Session Laws, 1912
Volume 370, Page 450   View pdf image
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450 LAWS OF MARYLAND. [Ch. 227]

affidavits and the corporate seal affixed shall be filed within
thirty days thereafter in the office of the State Tax Commis-
sioner of Maryland, and a like certificate shall be filed with the
clerk of the Circuit Court for Garrett County and recorded in
the certificate of incorporation records of said county.

SEC. 9. And be it enacted, That said incorporators before
proceeding to exercise any of the powers and franchises herein
granted, shall file, through their duly authorized attorney, with
the State Tax Commissioner of the State of Maryland, a certi-
fied copy of this act, and pay to the treasurer thereof, the
bonus tax, as now required by law, upon the amoiint of cap-
ital stock which said corporation is authorized to have, and
a like bonus tax upon the amount of any subsequent increase
of capital stock which said company is authorized to issue; the
bonus tax upon any increase of the capital stock shall be due
and payable immediately after the passage of any resolution
by the stockholders of the company authorizing such increase;
and before such shares of increased capital stock are issued,
a certificate of the proceedings of such meeting showing the.
amount of capital actually paid in, either by subscriptions to
the capital stock, or stock exchanged by way of payment for
real estate or other property purchased for the use of the
corporation, or for services rendered, and the amount to which
the capital stock shall be increased, shall be made out and
signed by the chairman of such meeting, with his affidavit and
the corporate seal of said company affixed, and filed with the
State Tax Commissioner.

SEC. 10. And be it further enacted, That this act shall take
effect from the date of its passage.

Approved April 11, 1912.

CHAPTER 227.

AN ACT to ratify and confirm the certificate of incorporation to
amend the charter and to enlarge the powers of the Yough-
iogheny Water and Electric Power Company, a corporation
duly incorporated and organized under the general incor-
poration laws of the State of Maryland.

WHEREAS, The Youghiogheny Water and Electric Power Com-
pany was duly incorporated under the general incorporation
laws of the State of Maryland, and organized in accordance
with the provisions thereof, with its principal or home office

 

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Session Laws, 1912
Volume 370, Page 450   View pdf image
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