592 LAWS OF MARYLAND. [CH. 552

the corporation; at such meeting the stockholders or mem-
bers, or their assigns, present in person or by proxy may elect
directors as aforesaid. The directors so elected may take all
steps and do all things necessary and proper to be done for
the revival of the existence of such corporation as hereinbefore
provided with the same validity as if performed and done by
the last president, or vice-president and secretary or treas-
urer or the officers performing the functions of said officers
of such corporation. After a revival of the existence of such
corporation shall be effected, a meeting of the stockholders
of such corporation shall forthwith be called by the president
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 members
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, together with a copy thereof,
shall be delivered to the State Tax Commission, which, upon the
payment, and not before, of a recording fee of $10. 00 and a
revival f ee of $25. 00, except that in the case of corporations
having no capital stock the revival fee shall be $5. 00 and the
filing of all annual reports which should have been filed by
the corporation if its charter had not been forfeited, 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 limita-
tion 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 indorsements thereon, as in the case of a certificate of in-
corporation. The recording by the State Tax Commission of
the articles of revival shall be conclusive evidence of the pay-
ment of the fees and taxes required to be paid, of the filing of
the reports required to be filed 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 Com-
mission shall transmit the copy thereof, duly certified by it,
to the Clerk of the Circuit Court or Superior Court (accord-
ing to the location of the principal office of the corporation),