HARRY W. NICE, GOVERNOR. 33

SEC. 4. And be it further enacted, That a new section
be, and the same is hereby added to Article 81 of the An-
notated Code of Maryland (1935 Supplement), title "Reve-
nue and Taxes, " sub-title "Tax on Franchise to be a Cor-
poration, " said new section to be known as Section 139A,
to follow immediately after Section 139 of said Article,
and to read as follows:

139A. Every domestic corporation having capital stock
and doing business in this State on the first day of Jan-
uary, 1936, except: (1) building and homestead associa-
tions, (2) cooperative associations organized under Sec-
tion 420 of said Article 23 of the Annotated Code of Mary-
land (1935 Supplement), and (3) charitable, benevolent
and fraternal institutions and corporations, shall pay to
the State Treasurer, for the use of the State, a special tax
for the year 1936, for its franchise to be a corporation (in
addition to the franchise tax imposed by Section 136 of
this Article, and any other tax imposed by law), at the
following rates, that is to say:

On the amount of its capital stock issued, outstanding
and/or subscribed for, on the first day of January, 1936:

(a) for the first five thousand dollars or less, the sum
of twenty dollars;

(b) For every one thousand dollars or fractional part
thereof in excess of said five thousand dollars up to and
not greater than fifty thousand dollars, the additional sum
of two dollars;

(c) For every additional two thousand dollars or frac-
tional part thereof in excess of said fifty thousand dollars
up to and not greater than one hundred thousand dollars,
the additional sum of two dollars;

(d) 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 be an addi-
tional special franchise tax of forty dollars;

(e) If the amount of such capital stock is more than
two hundred and fifty thousand dollars and not greater
than five hundred thousand dollars, there shall be an addi-
tional special franchise tax of forty dollars;

(f) If the amount of such capital stock is more than
five hundred thousand dollars and not greater than one