1680 LAWS OF MARYLAND. [CH. 912

SEC. 6. And l)e it further enacted, That Section 141 of
Article 81 of the Annotated Code of Maryland (1939 Edition),
title "Revenue and Taxes", sub-title "Bonus Tax", be and the
same is hereby repealed, and a new section be and the same
is hereby enacted in lieu thereof, said new section to be known
as Section 141, to follow immediately after the sub-title "Bonus
Tax", and to read as follows:

141. (a) Every domestic corporation having capital stock,
except (1) building or homestead associations, (2) credit
unions, and (3) cooperative associations organized under Sec-
tion 432 of Article 23 of the Code, shall, at or before the time
of incorporation, pay for the use of the State a bonus tax at
the following rates:

f20 for an authorized capital stock of f 100, 000, or less, and,
in addition fi for each $5, 000, or fractional part thereof, of
the amount of authorized capital stock in excess of $100, 000
and not in excess of $1, 000, 000.

$200 for an authorized capital stock of $1, 000, 000, and, in
addition, $10 for each $100, 000, or fractional part thereof, of
the amount of authorized capital stock in excess of f 1, 000, 000
and not in excess of f2, 000, 000.

$300 for an authorized capital stock of $2, 000, 000, and, in
addition, $15 for each $500, 000, or fractional part thereof, of
the amount of authorized capital stock in excess of f 2, 000, 000
and not in excess of f 5, 000, 000.

$390 for an authorized capital stock of f5, 000, 000, and, in
addition, $20 for each f 1, 000, 000, or fractional part thereof,
of the amount of authorized capital stock in excess of
15, 000, 000.

(b) For the purposes of this section, shares without nominal
or par value shall be treated as if they were of the par value
of $20 each.

(c) Every domestic corporation having no capital stock,
building or homestead association, credit union, and co-opera-
tive association organized under Section 432 of Article 23 of
the Code shall, at or before the time of incorporation, pay for
the use of the State a bonus tax of

SEC. 7. And be it further enacted, That Sections 142 and
143 of Article 81 of the Annotated Code of Maryland (1939
Edition), title "Revenue and Taxes", sub-title "Bonus Tax",
be and the same are hereby repealed and re-enacted, with
amendments, to read as follows:

142. (a) At or before the time of effecting an increase of
its authorized capital stock every domestic corporation shall
pay for the use of the State a bonus tax on such increase in an