COEPOEATIONS. 703

purposes of Sections 107 to 112, 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 work
within the State. The provisions of Sections 79 to 81, inclusive, of Article
93 shall not apply to ordinary business corporations. None of the pro-
visions of Article 81 relating to the imposition of, or imposing, taxes upon,
or in respect of, shares of stock of corporations of this State shall apply to
shares of stock of ordinary business corporations.

An. Code sec 88H 1916, ch. 596, sec. 88H.

113. Payments of any taxes or fees, payable to the State Tax Commis-
sion 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 pay-
ment of a bonus tax to the said State Tax Commission, State Tax Commis-
sioner or Secretary of State, heretofore or hereafter made, shall, as far 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.

An. Code, sec. 881. 1918, ch. 466, sec. 881.

114. 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 taxa-
tion shall not apply to real or personal property owned by such corpora-
tions 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.

Consolidation of Charitable, etc., Corporations—No Capital Stock.

An. Code, sec. 89. 1904, sec. 47. 1896, ch. 410, sec. 39B. 1908, ch. 240, sec. 64.
1924, ch. 550, sec. 89.

115. Any educational, charitable or other corporation having no
capital stock, or any corporation formed for the operation and maintenance
of educational, moral, scientific, literary, dramatic, social, benevolent or
beneficial societies of any description, or formed for any religious object
or for maintaining fire engine and hose companies, or uniformed volun-
teer companies, or for conducting and carrying on universities, colleges,
academies, hospitals or asylums and having no capital stock, may unite
with corporations incorporated for a similar purpose and having no capital
stock, provided that the majority of the members of each of the corporations
forming such union shall assent thereto; such union or consolidation shall
be made upon such terms and conditions and shall have such name as shall
be agreed upon by said corporations forming such union; a certificate of
such union or consolidation and the provisions thereof shall be executed
by the said corporations and be acknowledged and recorded as other certifi-
cates of incorporation are in this article directed to be acknowledged and