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Session Laws, 1931
Volume 580, Page 962   View pdf image (33K)
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962                         LAWS OF MARYLAND.                  [CH. 381

hereinbefore provided with the same validity as if performed
and done by the last president, or vice-president and secretary
or treasurer or the officers performing the functions of said offi-
cers of such corporation, After a revival of the existence of
such corporation shall be effected, a meeting of the stockholders
of such 'Corporation1 shall forthwith be called by the presi-
dent or by a director, upon such notice as is required by
law, by the charter, or by the by-laws for an extraordinary
meeting thereof, and at such meeting the stockholders or mem-
bers shall elect a, full board of directors which board shall then
elect such officers as are provided by law, by the charter, or by
the by-laws to conduct and carry on the business and affairs of
the corporation.

(c) Such articles of revival shall be delivered to the State
Tax Commission, which, upon the payment, and not before, of a
recording fee of ten dollars and a revival fee of twenty-five dol-
lars, and upon being satisfied, and not before, that all State and
local taxes' (other than taxes on real estate) and interest and
penalties due by the corporation, irrespective of any period of
limitation otherwise prescribed by law affecting the collection
of any part of such taxes, and an amount equal to all State and
local taxes (other than taxes on real estate) and interest and
penalties which, irrespective of any period of limitation other-
wise prescribed by law affecting the collection of any part of
such taxes, would have been payable by the corporation if its
charter had not been forfeited, have been paid, shall receive the
same for record and indorse thereon the date and time of such
receipt and promptly record the same, together with the indorse-
ments thereon, as in the case of a certificate of incorporation.
The recording by the State Tax Commission of the articles of
revival shall be conclusive evidence of the payment of the fees
and taxes required to be paid and of the revival of the charter
of the corporation, except in a direct proceeding by the State,
county or city entitled to. such taxes. After the recording by it
of such articles of revival the State Tax Commission shall trans-
mit the copy thereof, duly certified by it, to the Clerk of the
Circuit Court or Superior Court (according to the location of
the principal office of the corporation), by whom the same shall
be again recorded. One-quarter of the recording fees collected
shall be paid by the State Tax Commission for recording such
articles of revival to the Clerk of the Circuit or Superior Court,
to whom the same are transmitted, and for the balance and for
the revival fee it shall account quarterly to the Comptroller and
pay the same forthwith to the State Treasurer for the use of the
State. A duly certified copy of the articles of revival from the
records of the State Tax Commission or the Clerk of the Circuit
or Superior Court shall be evidence of the revival of the charter

 

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Session Laws, 1931
Volume 580, Page 962   View pdf image (33K)
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