JAS. BLACK GROOME, ESQUIRE, GOVERNOR. 595

of an act entitled an act to create State Banking In-
stitutions, and to enable the several banks of this
State (State and National,) to avail of the provisions
thereof; and all other acts imposing a tax of twenty
cents on each one hundred dollars of the capital
stock of State banks, for the augmentation of the	Repealed.
Free School Fund of this State, be and the same are
hereby repealed, and the tax hereafter imposed by
this act shall be levied and collected in lieu of said
tax; but the capital stock of every bank incorpo-
rated by this State shall remain subject to all other
taxes imposed, or to be imposed, for State or muni-
cipal purposes upon the capital stock of corporations
incorporated under the laws of this State.
SEC. 2. And be it enacted, That on the first Monday
in January, annually, the President or other proper
officer of each Bank or Banking Institutions doing
business in this State under charter from the Gen-
eral Assembly thereof, or under the provisions of
said act of January session, eighteen hundred and
seventy, shall pay or cause to be paid to the Treas-	Shall pay or
urer of the State of Maryland, the sum of twenty	cause to be paid
cents on every one hundred dollars of the issue of
notes then in actual circulation, which it shall be
lawful for such Banks or Banking Institutions to
issue, to be applied by the said Treasurer in augmen- tation of the Free School Fund of this State.
SEC. 3. And be it enacted, That all acts or parts of	Repealed.
acts, inconsistent with the provisions of this act, be
and the same are hereby repealed.
SEC. 4. And be it enacted, That this act shall take	In force.
effect from the date of its passage.
Approved April 11th, 1874.