766 LAWS OF MARYLAND. [CH. 316 .

CHAPTER 316.

AN ACT to repeal and re-enact with amendments Section 99 of
Article 81 of the Annotated Code of Maryland, title "Revenue
and Taxes", sub-title "Payment of Taxes by Corporations",
so as to provide for the repeal, annulment and forfeiture of
the charters or certificates of incorporation of corporations of
this State, upon, the non-payment of franchise, gross receipt or
capital stock taxes for the space of two years from the first
day of January next after the expiration of the calendar year
during which said taxes become due and payable, such repeal,
-annulment and forfeiture to become effective upon the ex-
piration of thirty days from the date of the first publication
of the Governor's proclamation in this Act provided for; and
making it a misdemeanor for any person to exercise any pow-
ers under the charter or certificate of incorporation of any
such corporation after the same shall be so repealed, annulled
and forfeited.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 99 of Article 81 of the Annotated Code of
Maryland, title "Revenue and Taxes", sub-title "Payment of
Taxes by Corporations", be, and the same hereby is, repealed
and re-enacted with amendments, so as to read as follows:

99. If any corporation of this State shall refuse or neglect
to pay to the State, or to the proper officers thereof, any fran-
chise tax due by it, or any tax on its capital stock due by it,
or any gross receipts tax due by it, for the space of two years
from the first day of January next after the expiration of the
calendar year during which said taxes become due and payable,
it shall be the duty of the Comptroller of the State to certify
immediately thereafter to the Governor a list of all such cor-
porations, and the Governor shall forthwith issue and publish
his proclamation declaring under this Act of the Legislature
that the charters or certificates of incorporation of such cor-
porations shall be repealed, annulled and forfeited, and that
the powers conferred by law upon such corporations shall be
inoperative, null and void, upon the expiration of thirty days,
from the date of the first publication of such proclamation,
unless all such taxes, together with all interest and penalties
due thereon, are paid before the expiration of said thirty days.
The Governor shall cause said proclamation to be published in
at least three daily newspapers of general circulation pub-
lished in the State, once a week for four successive weeks.