AN ACT entitled, "An Act to amend Sections 5 and 10 of Chapter 15, Volume 22, Laws of Delaware, entitled, 'An Act to raise revenue for the State by taxing certain Corporations' ".

Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met, (two-thirds of each branch thereof concurring therein):

Section 1. That Section 5 of Chapter 15, Volume 22, Laws of Delaware, be and the same is hereby amended to read as follows:

"Section 5. That the Secretary of State shall certify and report to the State Treasurer, on or before the third Tuesday of March in each year, a statement of the basis of the annual license fee or franchise tax determined from the annual report filed by each corporation as hereinbefore required, and the amount of tax due thereon respectively, at the rate fixed by this Act; such tax shall thereafter become due and payable and it shall be the duty of the State Treasurer to immediately notify all corporations of the amount of such license fee, or franchise tax due and payable by them and to receive the same; if the tax of any corporation or company remains unpaid on the first day of July after the same becomes due the same shall thenceforth bear interest at the rate of one per centum for each month until paid; the Secretary of State shall have power to inquire into the truth of every report required to be filed by this Act as may be necessary to carry out the provisions hereof; and may require the production of the books of any such corporation, and may swear or affirm and examine witnesses in relation thereto".

Section 2. That Section 10 of Chapter 15, Volume 22, Laws of Delaware, be and the same is hereby amended to read as follows:

"Section 10. If any corporation hereafter created shall for two consecutive years neglect or refuse to pay the State any tax or taxes which has or have been or shall be assessed against it, or which it is required to pay, under any law of this State and made payable into the State Treasury, the charter of such corporation shall be void, and all powers conferred by law upon such corporation are hereby declared inoperative and void, unless the Governor shall for good cause shown to him, give further time for the payment of such tax or taxes, in which case a certificate thereof shall be filed by the Governor in the office of the State Treasurer, stating the reasons therefor."

Section 3. All Acts or parts of Acts inconsistent with the provisions of this Act be and the same are hereby repealed.

Approved March 19, A. D. 1913.