1406 LAWS OF MARYLAND.

the Treasurer thereof the bonus tax, as now required by law,
upon the amount of capital stock which said corporation is
authorized to have, and a like bonus tax upon the amount of any
subsequent increased capital stock which said corporation is
authorized to issue; the bonus tax upon any increase of the
capital stock shall be due and payable immediately after the-
passage of any resolution by the stockholders of the corpora-
tion authorizing such increase; and before such shares of in-
creased capital stock are issued, a certicate of the proceedings
of such meeting showing amount of capital stock paid in,
either by subscriptions to the capital stock or stock exchanged
by way of payment for real estate or other property purchased
for the use of the corporation, or for services rendered, and
the amount to which the capital stock shall be increased, shall
be made out and signed by the chairman of such meeting, with
his affidavit and the corporate seal of said company affixed,
attested by its secretary, and filed with the State Tax Com-
missioner.

SEC. 10. And be it enacted. That this Act shall take effect
from the date of its passage; provided, however, that this cor-
poration shall be subject to Article 23 of the Code of Public
General Laws of Maryland, title "Corporations."

Approved April 15, 1910.

CHAPTER 242.

AN ACT to amend the charter of the First Mortgage Bond

Homestead Association, Incorporated.

Whereas, The First Mortgage Bond Homestead Association
was incorporated under the General Laws of the State of
Maryland as a building or homestead association; and

Whereas, The said association desires to more securely
indemnify its members from loss, and desires to turn over to-
the free shareholder the security given by the borrowing mem-
ber in order that each may be secure, and to act as guarantor
of all such securities;

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That, in addition to the powers possessed by it under the
certificate of incorporation and by-laws, which are hereby
ratified and confirmed, shall have and possess the further
powers, rights, privileges and franchises particularly men-
tioned in this Act, and that its charter as set out in said cer-
tificate of incorporation shall be altered and amended so as to
conform to the terms and provisions of this Act.

SEC. 2. And be it further enacted, That the said corporation
shall have the power to act as guarantor of any securities given