at the rate of one hundred dollars for each million dollars or
fractional part thereof. And for the purpose of this section,
the entire authorized capital stock of such corporation, as
shown by the charter, certificate of incorporation or any
amendment thereof shall be taken as issued, unless on or be-
fore the first day of March in each and every year the cor-
poration shall file with the State Tax Commissioner a certifi-
cate signed, and. sworn to by two of its directors, showing the
actual number of its outstanding shares as of the first day of
the preceding January. The Comptroller shall annually on
or before the first day of April in each year, transmit to such
corporation a bill for the amount of its franchise tax, and
such tax shall be payable on or before the first day of May fol-
lowing, and shall bear interest thereafter; if such tax shall
not be paid before the first day of November following, a pen-
alty of ten per cent on the amount thereof shall be added, and
the Comptroller shall place the bill therefor in the hands of
the Attorney-General for collection by suit in the name of the
State and the failure of any such corporation to pay such tax,
interest and penalty shall constitute a cause for forfeiture,
for which dissolution proceedings may be instituted as above
provided by this Article.

SEC. 88-E. One-half of the annual tax for the franchise
provided for by Section 88-D of this Article, together with the
interest and penalty, if any, shall be held by the Treasurer
for the use of the State, and the other half shall be paid by
him forthwith to the county or city according to the number
of shares held by the residents of such county or city.

SEC. 88-F. Excepting ordinary business corporations, all
corporations of this State, including their franchises, shares
and property, and national banks located in this State shall
remain and be subject to taxation, as now is or hereafter may
be provided by law, and nothing herein shall lie construed to
exempt an ordinary business corporation from the payment of
any license tax or charge imposed by law.

FORM OF CERTIFICATE OF INCORPORATION.
Code P. G. L. (Bagby) Art. 23, Sec. 3.

This is to certify that the subscribers (giving names and
places of residence), of whom. ..................is a citizen
of the State of Maryland, all being of full legal age, do here-
by certify that we do, under and by virtue of the General