858 LAWS OF MARYLAND. [CH. 402

CHAPTER 402.
(Senate Bill 344)

AN ACT to repeal and re-enact with amendments Section
144 of Article 81 of the Annotated Code of Maryland
(1935 Supplement) title "Revenue and Taxes", sub-title
"Forfeiture of Corporate Charters for Non-Payment of
Taxes".

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 144 of Article 81 of the Annotated
Code of Maryland (1935 Supplement), title "Revenue and
Taxes", sub-title "Forfeiture of Corporate 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repealed and re-enacted with amendments to read as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 nine months from the first day
of January next after the expiration of the calendar
year during which said taxes become 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the charters of such corporations shall be repealed, annulled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 corporations shall be inoperative, null and void, upon
the expiration 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 Gover-
nor shall cause said proclamation to be published in at least
three daily newspapers of general circulation published in
the State, once a week for four successive weeks. Any
such corporation paying all taxes, interest and penalties as
aforesaid, after the first publication of said proclamation,
shall be omitted from subsequent publications thereof.
Immediately 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ipso facto repealed, annulled and forfeited and the powers
granted to such corporations shall be inoperative, null and
void, without the necessity of proceedings of any kind
either at law or in equity.