|
|
|
|
|
|
|
ART. XXIII] TAXATION. 109
the Attorney General for collection by suit in the name of the State,
and the failure of any such corporation to pay such tax, interest and
penalty shall constitute a cause for forfeiture, for which dissolution
proceedings may be instituted as above provided by this Article.
See notes to this section in volume 3 of the Annotated Code.
1916, ch. 596, sec. 88G.
88G. All railroad companies, whose roads are worked by steam,
electric or other power, street and passenger railways, steamship and
steamboat companies, and all other common carriers, telegraph, cable,
telephone, express, transportation, parlor car, sleeping car, and oil pipe
companies, turnpike companies, bridge companies, and sewerage dis-
posal companies, electric light, electric construction, heating, refrig-
erating, water and gas companies, which by their charters are prohibited
from constructing, maintaining or operating" their properties, lines or
works within the State, shall, for the purposes of Sections 38B to
88F, inclusive, of this Article, be ordinary business corporations and
are hereby so defined; provided, however, that nothing in this section
shall be taken or construed as classifying any of the above-mentioned
corporations as ordinary business corporations, if such corporations
construct, maintain or operate properties, lines or works within the
State.
1916, ch. 596, sec. 88H.
88H. Payments of any taxes or fees, payable to the State Tax Com-
mission under the provisions of this Article, shall be made in cash or
in such other form as shall be acceptable to said State Tax Commission.
Any payment of a bonus tax to the said State Tax Commission, State
Tax Commissioner or Secretary of State, heretofore or hereafter made,
shall, as iar as the corporation in respect of whose shares the same is
paid is concerned, be deemed and taken to be payment of said bonus
tax to the State Treasurer.
1918, ch. 466, sec. 881.
881. No taxes, state or local, shall be imposed upon the stocks,
bonds, investments, credits or other intangible property owned by any
corporation organized under the laws of this State which does no part
of its business within this State; provided, however, that the above
exemption from taxation shall not anply to real or personal property
owned by such corporations and located in this State nor to stock of any
corporation of this State, owned by such corporations, which by the
laws of this State is subject to taxation.
Foreign Corporations.
92.
A foreign corporation held to he "doing business" in Maryland within
the meaning of this section; agents held to have imnlied authority to
receive service of process. State v. Penna. Steel Co., 123 Md. 217.
As to suit and process against Adams Express Company and other unin-
corporated stock companies, see article 73, section 23.
|
|
|
|
|
|
|
|
 |
