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108. Ordinary business corporations, how
taxed; exemptions; real estate; per-
sonal property; bonds and stocks;
apportionment of taxes among cities '
and counties; stock held by non-
residents.
109. Franchise tax.
110. Corporate franchise tax to be divided
between state and county or city.
111. Corporations other than ordinary
business corporations subject to tax-
ation as heretofore or hereafter pro-
vided.
112. Public service companies whose char-
ters prohibit operations in Mary-
land; treated as ordinary business
corporations.
113. Payments to be in cash; bonus tax, to
whom paid.
114. Stocks, bonds, etc., of Maryland cor-
poration not doing business here,
not taxed; provisos.
Charitable, etc., Corporations.
115. Consolidation of corporations with no
capital stock.
Foreign Corporations.
116. Definition.
117. Business, prohibited; assent to laws
of Maryland.
118. Suit and process. Surety companies.
No effect on attachments.
119. Qualification to do business in Mary-
land; fees.
120. Records transferred to State Tax
Commission.
121. Penalty for failure to qualify; effect
upon suits.
122. Franchise tax; exceptions.
123. Penalty.
124. Taxation; shares owned by residents.
125. Foreign corporations to have no bene-
fit of limitations on judgments
against them.
Miscellaneous Provisions.
126. Corporations with no capital stock;
reduction in number of members.
127. Acknowledgments.
128. Acknowledgments and affidavits, be-
fore whom made.
129. State tax commission not to receive
papers not in conformity with law.
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130. Perpetual succession.
131. Usury not a defence to corporations.
132. Increase in value or income or prop-
erty held by charitable corporation
beyond legal limit.
133. Agreement to transfer stock for pur-
pose of voting it.
134. Purchase of assets of corporation
under judicial proceedings, etc.
135. General effect of this article.
136. Corporations to be subject to changes
in laws.
137. Safe deposit and fidelity companies to
make annual report to treasurer of
Maryland. What report shall state.
138. State treasurer to examine such com-
panies.
139. What inquiry to be made in such ex-
amination.
140. Treasurer to order discontinuance of
any violation of charter.
141. Deposits by guarantee companies
with state treasurer.
142. In case of neglect to make deposit,
attorney-general to institute pro-
ceedings; penalty.
143. Limitation of such deposit.
144. False swearing as to report and ex-
amination to be deemed perjury.
145. Treasurer shall surrender deposits;
when.
146. Treasurer to report to general as-
sembly.
147. Liability of stockholders to deposi-
tors; provisos.
148. Remedy to enforce such liability.
149. Securities that may be deposited with
treasurer by life and accident in-
surance, safe deposit, trust, guaranty,
loan and fidelity companies.
150. Cancellation of stock of life or acci-
dent insurance, safe deposit, trust
or fidelity companies; notice.
151. Wages — payment of by certain.
152. Loans upon chattels to be made under
corporate name only; legal interest
only to be charged; proviso.
Bridge Companies.
153. Consent of county commissioners to
be first had.
154. May purchase or condemn land and
materials.
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