1844 REVENUE AND TAXES. [ART. 81

be enforced by the state in a suit against the city. State's right to Interest.
Baltimore v. State, 105 Md. 3.
See note to sec. 107.

1904, art. 81, sec. 107. 1888. art. 81, sec. 92. 1860, art. 81, sec. 101. 1844, ch. 234,

sec. 5. 1874. ch. 483, sec. 93. 1898, ch. 123, sec. 154.

1908, ch. 185, sec. 107.

110. If the city register shall at any time fail to make out and deliver
to the said court the list of holders of all the said stock loans as herein
required, it shall be the duty of the said court to ascertain in such
manner as they may deem most accurate the amount of all said stock
loans of the city of Baltimore outstanding on the first day of each month
in each year in which such failure or refusal shall take place, and on or
before the first day of September in said year make out and deliver
one copy of a statement certified by them, showing the amount of said
stock so ascertained by them, and its assessed value, to the city register,
and one copy thereof to the state comptroller; and the city register shall
thereupon pay the tax aforesaid, which he is, in section 109 of this
article, directed to deduct from the interest payable on said loans; but
the city register shall not be required to set apart and pay over the said
tax on any part of said stock loans which he may satisfy the state comp-
troller by a certificate to that effect, signed by the said court or by other
satisfactory evidence, was held on the first day of any month in any
year for which the tax may become due, and by any person entitled
under the laws of this State to hold the same free from taxation.
See notes to sections 107. 108 and 109.

Ibid. sec. 108. 1888, art. 81. sec. 93. 1860. art. 81. sec. 102. 1844, ch. 234,

sec. 6. 1874, ch. 483. sec. 94. 1892, ch. 567.

1898. ch. 123, sec. 155.

111. Each member of the said court shall receive fifty dollars,
annually, for the services required in the three preceding sections, and
the city register, the sum of three hundred dollars for the service
therein required of him; the said sums to be paid by the treasurer on
the warrant of the state comptroller.
See notes to sec. 107.

State Tax on Public Debt of the State.

Ibid. sec. 109. 1888, art. 81, sec. 94. 1860, art. 81, sec. 103. 1844, ch. 172,
sec. 1. 1845, ch. 170, sec. 2. 1864, ch. 199. 1874, ch. 483, sec. 95.

112. The treasurer is hereby directed to levy the state taxes on all
the public debt of the State of Maryland liable to taxation and owned
or held by any person, resident or non-resident, of this State, assessed
at, the following valuation: so much of the said debt as bears an interest
of six per centum shall be assessed at par; so much thereof as bears an
interest of five per centum shall be assessed at eighty-five dollars in the
hundred; so much thereof as bears an interest of four and a half per
centum at eighty dollars in the hundred; and so much thereof as bears
an interest of three per centum at sixty-four dollars in the hundred ;