650 LAWS OF MARYLAND. [CH. 282

for their adoption or rejection, in pursuance of the directions
contained in Article 14 of the Constitution of this State; and
at the said general election the vote on said proposed amend-
ment to the Constitution shall be by ballot, and upon each bal-
lot there shall be written or printed the words "For the Con-
stitutional Amendment," and "Against the Constitutional
Amendment," so that the voter may elect: and immediately
after said election due return shall be made to the Governor of
the vote for and against said proposed amendment, as directed
by the said 14th Article of the Constitution.

Approved April 13th, 1922.

CHAPTER 282.

AN ACT to repeal and re-enact with amendments Section 88D
of Article 23 of the Annotated Code of Maryland (Volume
4), entitled "Corporations," sub-title "Taxation."

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 88D of Article 23 of the Annotated Code of
Maryland (Volume 4), entitled "Corporations," sub-title "Tax-
ation," be and the same is hereby repealed and re-enacted with
amendments so as to read as follows:

88D. From and after the expiration of the year 1922
every such business corporation, except charitable, benevo-
lent and fraternal institutions, shall pay annually to the State
Treasurer on or before the first day of September in each year
succeeding the date of its incorporation an annual tax for its
franchise to be a corporation (in addition to any tax now im-
posed by law) at the following rate, that is to say:

On the amount of its capital stock issued and outstanding
on the first day of the preceding January, for the first five thou-
sand dollars or less, the sum of ten dollars; for every one
thousand dollars or fractional part thereof in excess of said five
thousand dollars up to and not greater than fifty thousand dol-
lars, the additional sum of one dollar; for every additional two
thousand dollars or fractional part thereof in excess of said
fifty thousand dollars up to and not greater than one hundred
thousand dollars, the sum of one dollar; if the amount of such
capital stock is more than one hundred thousand dollars but not
greater than two hundred and fifty thousand dollars, there shall