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 de-
fense or bounty loan; a tax of three-fourths of one
cent on each one hundred dollars, to meet the inter-
est 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 sev-
enteen 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 institu-
tions 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Repealed.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act, be and the same are hereby repealed.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.