3312 ARTICLE 89B

1931, ch. 539, sec. 62.

80. The right to sell, assign, transfer and mortgage all rights, powers
and privileges conferred by this Article is hereby granted to McClintic-
Marshall Corporation, its successors and assigns, and any corporation to
which, or any person to whom, such rights, powers and privileges may
be sold, assigned or transferred or who shall acquire the same by mortgage
foreclosure or otherwise, is hereby authorized and empowered to exercise
the same as fully as though conferred herein directly upon such corpora-
tion or person.

1931, ch. 539, sec. 63.

81. A franchise tax of five thousand dollars ($5,000.00) is hereby
levied on said Company during the first year of the operation of said
bridge in lieu of all other taxes and said tax shall be payable to the Trea-
surer of Baltimore County and that thereafter a franchise tax is hereby
levied annually upon the gross receipts of said Company, its successors and
assigns derived from the tolls and all other revenues from the said bridge,
such tax being as follows, to wit: Seven and one-half per centum of so
much of such gross receipts as shall not be in excess of one hundred thou-
sand dollars ($100,000) in any one year, and in addition thereto ten and
one-half per centum of so much of such gross receipts as shall be in excess
of one hundred thousand dollars ($100,000) and not in excess of one
hundred and fifty thousand dollars ($150,000) for such year and in addi-
tion thereto fifteen and one-half per centum of so much of such gross re-
ceipts as shall be in excess of one hundred and fifty thousand dollars
($150,000) ; and that for the purpose of determining said tax said com-
pany, its lessees, its successors and assigns, and any purchaser thereof, shall
make the appropriate reports, and be subject to the appropriate penalties,
provided in Sections 181 to 199, inclusive, of Article 81 of the Code of
Public General Laws of this State, and of said tax one-half of one per cent,
of such gross receipts, as above specified, shall be payable to the Treasurer
of the State, and the remainder thereof shall be payable to the Treasurer
of Baltimore County, and it shall be the duty of the State Tax Commission,
when it has ascertained and fixed the amount of such tax, to certify to the
Comptroller of the Treasury, and to the Treasurer of Baltimore County
and to said McClintic-Marshall Corporation, the amount of such tax due
to the said State of Maryland and to said Baltimore County, and there-
upon said tax shall be collectible by the Treasurer of the State of Mary-
land and by the Treasurer of Baltimore County, as other county and State
taxes due from corporations are collected.

Said franchise tax shall be in lieu of all taxes which might otherwise be
levied by this State, or by any county, municipality or other taxing author-
ity therein, upon said bridge and appurtenant structures, upon its fills,
approaches and rights of way, upon the tolls and revenues thereof, or upon
the franchises for the construction and operation of said bridge, and shall
also be in lieu of all such other taxes upon said Company, its successors or
assigns, or upon the holders of the capital stock of said Company, its suc-
cessors or assigns, based upon the ownership of said Company, its succes-
sors or assigns, of said bridge and its appurtenances, or based upon the
receipt of said Company, its successors or assigns, of the tolls and reve-
nues, thereof, it being hereby declared that said property in the hands of
said company, its successors and assigns, and the holders of said stock,