CORPORATIONS. 709

1904 (see sec. 119) at the time it entered suit, if the plaintiff does so comply before
the trial. Kendrick v. Warren, 110 Md. 70.

Secs. 137 to 141 of the Code of 1904, referred to in construing art. 81, sec. 229,
et seq.—see notes thereto. Hannis Distilling Co. v. Baltimore, 114 Md. 678.

See notes to sec. 119.

An. Code, sec. 95. 1908, ch. 240, sec. 70. 1918, ch. 469, sec. 2. 1922, ch. 180, sec. 95.

122. Every foreign corporation, except insurance companies of all classes,
and corporations subject to a franchise tax measured by gross receipts,
which maintains an office or place of business and exercises its franchises in
this State, shall pay to the State Treasurer, for the use of the State, an an-
nual franchise tax upon the amount of capital employed by it in this State
on the preceding first day of January, as determined by the State Tax Com-
mission, at the following rates, that is to say: The sum of twenty-five
dollars for every fifty thousand dollars, or fractional part thereof of capital
employed by it in this State up to five hundred thousand dollars—but in
no case less than twenty-five dollars; if the amount of such capital is more
than five hundred thousand dollars, and not more than five million dollars,
then an additional amount equal to one-fortieth of one per cent, on the
excess; and if more than five million dollars, then an additional amount
at the rate of thirty dollars for every million dollars of such last named
excess. The State Tax Commission after ascertaining the amount of capital
employed in this State by each foreign corporation shall certify the same,
together with the amount of franchise tax due thereon by the corporation,
to the Comptroller of the Treasury, who shall at once proceed to collect said
tax, which shall be collectible by him and payable to the Treasurer of
Maryland in the same manner as is now or may hereafter be prescribed by
law for the collection and payment of taxes to the Comptroller of the Treas-
ury by other corporations. If the franchise tax imposed on any foreign
corporation shall not be paid by the first day of November in the year for
which such tax is imposed, if on that date thirty days shall have elapsed
since the rendition of a bill for such tax by the Comptroller of the Treasury
and, if not, then at the expiration of said thirty days' period, any and all
defaulting foreign corporations shall forfeit the right to do business in this
State until all taxes due are paid, as well as any interest or charge thereon
and in addition be subject to the penalty prescribed by Section 121 of this
Article.

As to the taxation of corporations, see art. 81. As to the tax on gross receipts,
see art. 81, sec. 172, et seq.

An. Code, sec. 96. 1908, ch. 240, sec. 71.

123. If the annual certificate and tax shall not be filed and paid as
required by the preceding sections, then on the first day of November fol-
lowing, the comptroller shall place the tax bill in the hands of the attorney
general for collection by suit; and the officers and agents shall be liable to
the penalty imposed by section 121 of this article.

An. Code, sec. 97. 1908, ch. 240, sec. 72.

124. Every foreign corporation doing business in this State, shall pay
such taxes, fees and charges as are now or may hereafter be prescribed by