Albert C, Ritchie, Governor.                  959

CHAPTER 381.

AN ACT to repeal and re-enact, with amendments, Section 144
of Article 81 of. the 1929 Supplement to the Annotated Code
of the Public General Laws of Maryland, entitled "Revenue
and Taxes, " sub-title "Forfeiture of Corporate Charters for
Non-payment of Taxes, " and to add a new section to said
Article, the said new section to follow immediately after Sec-
tion 144 and to be known as Section 144 */2 regulating the
forfeiture of corporate charters for non-payment of taxes,
and prescribing terms and conditions under which such char-
ters may be revived.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That. Section 144 of Article 81 of the 1929 Supplement to
the Annotated Code of the Public General Laws of Maryland,
entitled "Revenue and Taxes, " sub-title "Forfeiture of Cor-
porate Charters for Non-payment of Taxes, " be, and the same is
hereby repealed and re-enacted, with amendments, to read as
follows:

144. (a) If any domestic corporation shall refuse or neglect
to pay to the State, or the proper officers thereof, any franchise
tax due by it, or any tax on its capital stock or shares thereof
due by it, or any gross receipts tax due by it, for a space of
two years from the first day of January next after the expira-
tion of the calendar year during which said taxes became due
and payable, it shall be the duty of the Comptroller of, the State
to certify immediately thereafter to the Governor a list of all
such corporations, and the Governor shall forthwith issue and
publish his proclamation declaring under this section that the
charters of such corporations shall be repealed, annulled and
forfeited, and that the powers conferred by law upon such cor-
porations shall be inoperative, null and void, upon the expira-
tion of sixty days from the date of the first publication of such
proclamation, unless all such taxes, together with all interest
and penalties due thereon, are paid before the expiration of said
sixty days. The Governor shall cause said proclamation to be
published in at least three daily newspapers of general circula-
tion published in the State, once a week for four successive
weeks. Any such corporation paying all taxes, interest and penal-
ties as aforesaid, after the first publication of said proclama-
tion, shall be omitted from subsequent publications thereof. Im-
mediately upon the expiration of sixty days from the date of
the first publication of said proclamation, the charters of all
such corporations, which have not then paid all taxes, interest
and penalties due as aforesaid, shall be ipso facto repealed, an-
nulled and forfeited and the powers granted to such corpora-