576 REVENUE AND TAXES. [Am. 81.

the said sums to be paid by the Treasurer on the warrant of the
Comptroller.

103. There shall be levied a tax of one-tenth of one per cent,
on the public debt of the State of Maryland owned or held by
any person resident or non-resident of this State, assessed at the
following valuations: So much of the said debt as bears an in-
terest of six per cent, shall be assessed at par; so much thereof
as bears an interest of five per cent, shall be assessed at eighty-
five dollars in the hundred; so much thereof as bears an interest
of four and a half per cent, at eighty dollars in the hundred; and
so much thereof as bears an interest of three per cent, at sixty-
four dollars in the hundred; which assessment shall be made by
the Treasurer, at the times prescribed in the next succeeding sec-
tion, for the pay ment of said tax.

104. The said tax shall be collected by the Treasurer, retain-
ing it out of the interest falling due on the first day of July in
each year, on the said portion of the public debt.

105. The public debt of this State, stock loans of the city of
Baltimore, the capital stock and bonds, certificates, or other evi-
dences of debt, bearing interest, issued by incorporated institu-
tions or companies of tbis State, shall be excluded from the
assessment in the several counties and city of Baltimore, so far
as relates to the State tax, the payment of said tax thereon
being hereinbefore provided for.

TAX ON EXECUTORS' AND ADMINISTRATORS' COMMISSIONS.

106. All commissions allowed to executors or administrators
by the Orphans' Courts of this State, shall be subject to a tax
for the benefit of the State of one-tenth part of the sum so
allowed; and where a legacy is left to an executor by way of
compensation, such legacy shall be'reckoned in the commissions
fixed by the court.

107*. The several Orphans' Courts shall fix the commissions
of executors within twelve months from the grant of adminis-
tration, and in all subsequent accounts, wherein executors shall
charge themselves with further assets; but where an executor
shall renounce his commissions or release the same in favor of
the widow or next of kin of the deceased, the tax mentioned in
the preceding section shall not be charged; and where an execu-