WM. PINKNEY WHYTE, ESQUIRE, GOVERNOR

43

stock in such corporation, held by persons not resi-

dents of this State, and the same shall be valued at

its actual cash value to, and in the name of such

stockholders respectively, but the taxes assessed on

such stock shall be levied and collected, from said

Collected from

corporation, and may be charged to the account of

corporation

such non-resident stockholder, in the said corpora-

, tion, and be a lien on the stocks, therein held by such

stockholder respectively until paid; provided, that in

Proviso

no case shall the stock be appraised at a less value

in the aggregate, than the value of the real estate

and chatties, real and personal, owned or possessed

by, and belonging to the said corporations, in the

the several counties, and in the City of Baltimore ;

in case of failure or refusal to comply with this re-

Failure or re-

fudsal

quirement, the said bank, or other incorporated

institution, shall be liable to the penalty, hereinbe-

fore prescribed, and the president and cashier or

treasurer of any such bank or other incorporated

institution, failing to comply in every respect with

f

the provisions of this section, shall be liable to indict-

ment therefor, and on conviction shall be fined not

less than five hundred dollars nor more than one

Penalty

thousand dollars in the discretion of the court, and

shall stand committed until such fine is paid.

SEC. 2. And be it enacted, That this act shall take

In force

effect from the date of its passage.

Approved, February 26th, 1874.