WM. PINKNEY WHYTE, ESQUIRE, GOVERNOR. 377
SEC. 2. And he it enacted, That a special tax of
three-fourths of one cent be and the same is hereby
laid on each and every hundred dollars worth of the
taxable property of this State, to meet the interest
and to create a sinking fund for the redemption of
the bonds or certificates of debt herein directed to be
issued. And the said tax shall be annually levied,
collected and paid over to the State Treasurer, until
the debt created by tills Act shall have been paid,
and a separate and distinct account shall be kept
thereof, and the proceeds thereof are hereby pledged
to the payment of the principal and interest of the
said bonds or certificates of debt, and for that pur-
pose so much thereof as may be necessary shall be
applied to the payment of the interest on the bonds
or certificates of debt hereby created, and the balance
invested by the Treasurer in such manner as the
increment of the sinking fund of the State is author-
ized by law to be invested.
Sue. 3. And be it enacted. That this Act shall take
effect from the date of its passage.
Approved April 1, 1872.
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Special tax
levied.
Separate ac-
count to be
kept.
In force,
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CHAPTER 237.
AN ACT to provide fur the collection of arrearages
of State taxes, due on the shares of capital stock of
National Banks and Banking Associations located
in this State and doing business therein.
SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Comptroller of the Treasury
shall, on or before the first day of May next, cause to
be made out an account of all State taxes now due
and in arrear from any Bank or Banking Association
incorporated by or under any law of the United
States located or doing business in this State, on the
shares or capital stock of said Bank or Banking Asso-
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Comptroller
to cause to be
made out ac-
count of State
taxes due.
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