362

LAWS OF MARYLAND.

Levy for State taxes.

several counties of this State, and the Mayor and City Council of Baltimore city, are hereby directed to levy the State taxes for the year eighteen hundred and seventy-six, and annually thereafter to be collected according to law, and to be apportioned as follows : a tax of five and one-half cents on each one hundred dollars, to meet the interest and to create a sinking fund for the redemption of the defense or bounty loan; a tax of three-fourths of one cent on each one hundred dollars, to meet the interest and create a sinking fund for the redemption of the Deaf and Dumb Asylum loan ; a tax of three-

Rate.

fourths of one cent cm each one hundred dollars to meet the interest and create a sinking fund for the redemption of the Maryland Hospital loan ; and a tax of ten cents on each one hundred dollars to aid in support of the Public Schools, to be distributed according to law, among the several counties and the City of Baltimore ; making an aggregate of seventeen cents on each one hundred dollars; and the Comptroller of the treasury shall levy the same State taxes, on the shares of capital stock of all Banks, State and National, and other incorporated institutions and companies of this State, the shares of whose capital stock are by Jaw liable to assessment and taxation.

Repealed.

SEC. 2. And be it further enacted, That all acts or parts of acts, inconsistent with the provisions of this act, be and the same are hereby repealed.

In force.

SEC. 3. And be it enacted, That this act shall take effect from and after the date of its passage.

Approved April 3, 1876.