34 LAWS OF MARYLAND. [CH. 10

million dollars, there shall be an additional special fran-
chise tax of sixty dollars; and

(g) If the amount of said capital stock is more than
one million dollars and not greater than ten million dollars,
there shall be an additional special franchise tax at the
rate of one hundred dollars, for each additional million dol-
lars or fractional part thereof, and on every five million
dollars in excess of ten million dollars, the additional spe-
cial franchise tax on such excess shall be at the rate of two
hundred dollars for each five million dollars or fractional
part thereof.

Every domestic corporation having capital stock and do-
ing business in this State on the first day of January, 1936,
which had no part of its capital stock issued, subscribed
for or outstanding on the first day of January, 1936, shall
pay for such franchise an additional tax of twenty dollars.

For the purpose of this section: (a) stock without par
value shall be treated as if it were of the par value of one
hundred dollars per share; and (b) the entire authorized
capital stock of any corporation subject to the tax hereby
imposed, as shown by the Charter, certificate of incorpora-
tion or any amendment thereof, shall be taken as issued,
unless the corporation shall have filed with the State Tax
Commission the affidavit required by Section 137 of this
Article, on or before March 15, 1936, or if the corporation
was not heretofore required to report under Section 137,
on or before May 1, 1936; provided, however, if a proper
report, under, oath, as required by said Section 137, is filed
within fifteen days from the date (as shown by the rec-
ords of the State Tax Commission) of the mailing of a
notification of the amount of such tax due, the special
franchise tax imposed by this section which such corpora-
tion shall pay under the terms of this section shall be com-
puted upon the amount of its actually issued, outstanding
and/or subscribed for capital stock, plus an additional ten
per centum (10%) of the amount of its issued, outstanding
and/or subscribed for capital stock, said tax, however,
not to exceed, in the aggregate, the amount of tax if cal-
culated upon the entire authorized capital stock; and in the
event that no part of the capital stock was issued, outstand-
ing, or subscribed for, such corporation shall pay a special
franchise tax of $37. 50.

The State Tax Commission, on or before the fifteenth
day of May, 1936, shall ascertain and certify the amount
of each such tax to the State Comptroller, who shall forth-
with transmit to the corporations subject to the tax here-