ALBERT C. RITCHIE, GOVERNOR. Col

be an additional animal franchise tax of twenty dollars; if the
amount of such capital stock is more than two hundred and
fifty thousand dollars and not greater than five hundred thou-
sand dollars, there shall be an additional annual franchise tax
of twenty dollars; if the amount of such capital stock is more
than five hundred thousand dollars and not greater than one
million dollars, there shall be an additional annual franchise
tax of thirty dollars; if the amount of said capital stock is more
than one million dollars and not greater than ten million dol-
lars, there shall be an additional annual franchise tax at the
rate of fifty dollars for each additional million dollars or frac-
tional part thereof, and on every five million dollars in excess
of ten million dollars, the additional annual franchise tax on
such excess shall be at the rate of one hundred dollars for each
five million dollars or fractional part thereof. And for the pur-
pose of this section the entire authorized capital stock of such
corporation, as shown by the charter, certificate of incorpora-
tion, or any amendment thereof, shall be taken as issued, unless
on or before the fifteenth day of March in each and every
year the corporation shall file with the State Tax Commission
an affidavit of any officer of the corporation, showing the actual
number of its outstanding shares as to the first day of the pre-
ceding January. The Comptroller shall annually on or before
the first day of July in each year transmit to such corporation
a bill for the amount of its franchise tax, and such tax shall be
payable on or before the first day of September following and
shall bear interest thereafter; if such tax shall not be paid be-
fore the first day of November following, a penalty of ten per
cent, on the amount thereof shall be added, and the Comptroller
shall place the bill therefor in the hands of the Attorney Gen-
eral for collection by suit in the name of the State, and the
failure of any such corporation to pay such tax, interest and
penalty shall constitute a cause for forfeiture, for which dis-
solution proceedings may be instituted as above provided by
this Article.

SEC. 2. And be it further enacted, That this Act shall take
effect on and after June 1st, 1922.

Approved April 13th, 1922.

CHAPTER 283.

AN ACT to repeal and re-enact with amendments paragraph 5,
Section 6 of Article 4 of the Code of Public Local Laws of