1812 REVENUE AND TAXES. [ART. 81
to levy the state taxes, to be collected according to law and to be appor-
tioned for the year nineteen hundred and twelve (1912), as follows:
A tax of sixteen and one-eighth (16 1/8) cents on each one hundred
dollars, to aid in the support of the public schools, to be distributed
according to law among the several counties and the city of Baltimore;
a tax of five and one-half (5 1/2) cents on each one hundred dollars,
to meet the interest and create a sinking fund for the redemption of
"The State Roads Loan;" a tax of one (1) cent on each one hundred
dollars, to meet the interest and create a sinking fund for the redemp-
tion of the "State Insane Hospital Loan;" a tax of one-half (1/2) of
one cent on each one hundred dollars, to meet the interest and create a
sinking fund for the redemption of the "Public Highways Loan of
1910;" a tax of one-eighth (1/8) of one cent on each one hundred dol-
lars, to meet the interest and create a sinking fund for the redemption
of the "Sanatorium Loan," making an aggregate of twenty-three cents
and one-quarter of a cent (23 1/4) on each one hundred dollars; and the
comptroller of the treasury shall levy the same state taxes on the shares
of the capital stock of all banks, State and national, and other incor-
porated institutions and companies of this State the shares of whose
capital stock are liable by law to assessment and taxation. The county
commissioners of the several counties of this State and the mayor and
city council of Baltimore are directed to levy the state taxes, to be
collected according to law and to-be apportioned for the year nineteen
hundred and twelve (1912) as follows: A tax of sixteen and one-eighth
(16 1/8) cents on each one hundred dollars to aid in the support of the
public schools, to be distributed according to law among the several
counties and the city of Baltimore; a tax of five and one-half (5 1/2)
cents on each one hundred dollars, to meet the interest and create a
sinking fund for the redemption of "The State Roads Loan;" a tax of
one (1) cent on each one hundred dollars to meet the interest and
create a sinking fund for the redemption of "The State Insane Hospital
Law;"* a tax of one-half (1/2) of one cent on each one hundred dollars,
to meet the interest and create a sinking fund for the redemption of
"The Public Highway Loan" of (1910); a tax of one-eighth (l/8) of
one cent on each one hundred dollars, to meet the interest and create
a sinking fund for the redemption of the sanatorium loan, making an
aggregate of twenty-three cents and one-quarter of a cent (2314) on
each one hundred dollars; and the comptroller of the treasury shall
levy the same state taxes on the shares of the capital stock of all banks.
State and national, and other incorporated institutions and companies
of this State, the shares of whose capital stock are liable by law to
assessment and taxation, the shares of the capital stock of all banks.
State and national, and other incorporated institutions and companies
of this State, the shares of whose capital stock are liable by law to
assessment and taxation, +
*Evidently a typographical error in the act.
+ Attention is called to the repetitions in this section.
|
![clear space](../../../images/clear.gif) |