THEODORE R. McKELDIN, GOVERNOR                   693

doing business in this State, at the rate of two -Eand one-halfj per
centum

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with respect only to
their safe deposit and trust business, including all receipts derived
from the business of acting in a fiduciary or representative capacity,
without any deductions or credits of any kind whatsoever.

(3)  All domestic and foreign telephone and oil pipe line companies
doing business in this State at the rate of two per centum (2%).

(4)  All domestic and foreign electric light or power companies
doing business in this State, at the rate of [one (1%)] two (2%)
per centum.

(5)  All domestic and foreign gas companies doing business in this
State, at the rate of [one and one-half

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two (2%) per
centum.

SEC. 2. And be it further enacted. That this Act shall take effect
June 1, 1955.

Approved April 11, 1955.

CHAPTER 423
(Senate Bill 5)

AN ACT to add Sections 9 to 33 43, inclusive, to Article 23A of the
Annotated Code of Maryland (1951 Edition and 1954 Supplement),
title "Corporations—Municipal", said new sections to follow imme-
diately after Section 8 of said Article and to be under the new
sub-title "Home Rule", Section 9 thereof to be under the sub-
heading "Definition" "DEFINITIONS AND LIMITATIONS",
Section 10 thereof to be under the sub-heading "Home Rule Classi-
fication", Sections 11 to 18, inclusive, thereof to be under the sub-
heading "Charter Amendments", Section 19 thereof to be under
the sub-heading "Annexation", Sections 20 to 30, inclusive, thereof
to be under the sub-heading "Incorporation of Municipalities",
SECTIONS 31 TO 39, INCLUSIVE, THEREOF TO BE UNDER
THE SUB-HEADING "CREATION OF MUNICIPAL PUBLIC
DEBT", SECTION 40 THEREOF TO BE UNDER THE SUB-
HEADING "TAX RATES AND DEBT REFERENDA", Sections

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41 AND 42 thereof to be under the sub-heading "Repeal
of Charter", and Section 33 43 thereof to be under the sub-heading
"Automatic Repeal of Charter", establishing a classification of
municipal corporations under the requirements of Article 11E of
the Constitution of Maryland, defining municipal corporations for
the purposes of this Act, establishing procedures to be followed
in amending municipal charters, changing the boundaries of mu-

EXPLANATION: Italics indicate new matter added to existing law.
[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.