MARVIN MANDEL, Governor                        277

(1966 Replacement Volume), title "Courts," subtitle "Special Powers
in Juvenile Causes," be and it is hereby repealed and re-enacted,
with amendments, to read as follows:

71A.

Any judge having, sitting, and exercising jurisdiction in any juve-
nile cause, lawfully before him, shall, in his discretion, have power
to award a judgment in favor of a wronged person and against any
parent for acts of wilful or malicious destruction or theft of any
property owned by such wronged person, caused or committed by
the minor child of such parent, or such judge may order such parent
to make restitution to the person whose property has been so
destroyed or stolen and shall have full power to cite for contempt
for a violation thereof if the facts of a particular case before him
indicates sufficient ability of such parent to comply with such order.
The limit of such parent's liability under this section shall not
exceed the sum of [five hundred dollars ($500.00)] one thousand
dollars ($1000.00). The court may pass an appropriate order requir-
ing such minor child who wilfully or maliciously destroys or steals
property to make restitution himself if such is feasible considering
the age and circumstances of the child, and the requirement of the
child's making restitution shall precede any liability of the parent
hereunder.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1969.

Approved April 9, 1969.

CHAPTER 104
(Senate Bill 153)

AN ACT to repeal and re-enact, with amendments, subsections (a),
(b), (c) and (d) of Section 128A of Article 81 of the Annotated
Code of Maryland (1968 Supplement), title "Revenue and Taxes,"
subtitle "Franchise Tax on Net Earnings of Financial Institu-
tions," to provide that the franchise tax upon the net earnings
of financial institutions shall be imposed for the privilege of exist-
ing as a corporation or doing business within the State for any
part of the State's fiscal year.

Section 1. Be it enacted by the General Assembly of Maryland,
That subsections (a), (b), (c) and (d) of Section 128A of Article
81 of the Annotated Code of Maryland (1968 Supplement), title
"Revenue and Taxes," subtitle "Franchise Tax on Net Earnings of
Financial Institutions," be and they are hereby repealed and re-
enacted, with amendments, to read as follows:

128A.

(a) A franchise tax is hereby annually levied and imposed for
each [year beginning after December 31, 1967, and for the period
after December 31, 1967 to the end of any taxable year which is a