EMERSON C. HARRINGTON, GOVERNOR. 1227
for which such stock is duly authorized to be sold or particu-
larly specifying the nature and character of the services or
property (as the case may be) and the value placed by the
board of directors on such services or property, for which such
stock is duly authorized to be issued; (5) such statement,
together with a copy thereof, shall be delivered to the State Tax
Commission, which upon the payment, and not before, of the
recording fees for which provision is hereinafter made, shall
receive the same for record and endorse thereon the date and
time of such receipt and promptly record the same, and when
recorded the State Tax Commission shall transmit a copy
thereof duly certified by it to the clerk of the Circuit or Su-
perior Court (according to the location of the principal office
of the corporation) by whom the same shall be again recorded.
At the time of receiving such statement for record the State
Tax Commission shall collect recording fees of five dollars; two
dollars of which shall be paid by it for recording the same to
the Clerk of the Circuit or Superior Court to whom such state-
ment shall be transmitted for recording as aforesaid; and for
the balance it shall account quarterly to the Comptroller and
pay the same forthwith to the State Treasurer for the use of
the State. The recording of the statement by the State Tax
Commission shall be conclusive of the payment of the fees
required by law to be paid to it, except in a direct proceeding
for the collection of the same. A duly certified copy of such
statement from the records of the State Tax Commission or
the Circuit or Superior Court shall be prima facie evidence of
the facts therein set forth; (6) upon the receipt of such state-
ment for record by the State Tax Commission, the corporation
may lawfully issue the stock therein mentioned upon the terms
therein stated; (7) the books of the corporation shall be so kept
as to show at all times what money or property was received
by the corporation or what services were rendered to or adopted
by the corporation for such stock and the number and class of
shares issued for the same.
36. Any officer or director of such corporation wilfully and
knowingly authorizing or consenting to the issuance of stock
except in compliance with Section 35 of this Article, so far as it
may be applicable, or wilfully and knowingly making or consent-
ing to any false statement required thereby 'to be filed with the
State Tax Commission or in the entries thereby, required to be
made in the books of the corporation shall be deemed guilty of a
misdemeanor, and upon conviction shall be fined not less than one
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