ALBERT C. RITCHIE, GOVERNOR. 597

and the purpose thereof, such notice to be given to each
stockholder or member, or his assigns, by leaving the same
with him or at his residence or usual place of business, or
by mailing it, postage prepaid, and addressed to him at
his address as it last appeared upon the books of the cor-
poration; at such meeting the stockholders or members,
or their assigns, present in person or by proxy may elect
directors as aforesaid. The directors so elected may take
all steps and do all things necessary and proper to be done
for the revival of the existence of such corporation as
hereinbefore provided with the same validity as if per-
formed and done by the last president, or vice-president
and secretary or treasurer or the officers performing the
functions of said officers of such corporation. After a re-
vival of the existence of such corporation shall be effected,
a meeting of the stockholders of such corporation shall
forthwith be called by the president or by a director, upon
such notice as is required by law, by the charter, or by the
by-laws for an extraordinary meeting thereof, and at such
meeting the stockholders or members shall elect a full
board of directors which board shall then elect such of-
ficers as are provided by law, by the charter, or by the by-
laws to conduct and carry on the business and affairs of
the corporation.

(e) Such articles of revival shall be delivered to the
State Tax Commission, which, upon the payment, and not
before, of a recording fee of ten dollars and a revival fee
of twenty-five dollars, and upon being satisfied, and not
before, that all State and local taxes (other than taxes on
real estate) and interest and penalties due by the corpora-
tion, irrespective of any period of limitation otherwise
prescribed by law affecting the collection of any part of
such taxes, and an amount equal to all State and local taxes
(other than taxes on real estate) and interest and penal-
ties which, irrespective of any period of limitation other-
wise prescribed by law affecting the collection of any part
of such taxes, would have been payable by the corpora-
tion if its charter had not been forfeited, have been paid,
shall receive the same for record and indorse thereon the
date and time of such receipt and promptly record the
same, together with the indorsements thereon, as in the
case of a certificate of incorporation. The recording by the
State Tax Commission of the articles of revival shall be
conclusive evidence of the payment of the fees and taxes
required to be paid and of the revival of the charter of the
corporation, except in a direct proceeding by the State,
county or city entitled to such taxes. After the recording