ART. 81] STATE TAX COMMISSIONER. 1857

who shall issue his warrant for the payment of the same when allowed.
The state tax commissioner shall on or before the fifteenth day of
May in each year, assess for State purposes the shares of capital stock
in all banks, State or national, banking associations or other incorporated
institutions or companies incorporated under the authority of this State,
or located or doing business therein, whose shares of capital stock are
liable to assessment and taxation by the laws of this State; he is author-
ized and empowered to examine upon oath any officer of the same
touching the affairs thereof, or to examine upon oath any other person
as a witness who he may be advised has important information in regard
to the value of such shares of capital stock; and any such officer refusing
to answer upon oath touching the affairs of such bank, banking asso-
ciation or company, of which he is an officer, shall, on indictment and
conviction thereof, be fined not less than five hundred dollars; he shall
report the assessment of such shares of capital stock to the comptroller,
and said assessment shall be subject to appeal and revision, as hereafter
provided in section 165 of this article; he shall report the amount of the
basis of assessment for State purposes in the several counties and city
of Baltimore, with his suggestions in regard to the same, to the general
assembly at each regular session therof, and shall perform such other
duties as may be prescribed by law.

Construing together this section and sections 150, 159 and 162, only issued
stock of a corporation may be taxed. Consumers' Ice Co. v. State, 82 Md.
136.

Valuation and assessment held to have been made in time where the delay
was caused by an appeal under section 165. This section referred to in con-
struing section 162—see notes thereto. American Coal Co. v. Allegany
County. 59 Md. 196.

Taxes are not due on the fifteenth of May—see notes to section 89. State v.
Safe Deposit Co., 86 Md. 583.

This section referred to In construing section 150—see notes thereto. Balti-
more v. Baltimore, etc., R. R. Co., 57 Md. 36.

This section referred to in construing section 162—see notes thereto. Clark
Distilling Co. v. Cumberland, 95 Md. 471.

This section referred to in construing section 163—see notes thereto.
Schley v. Lee, 106 Md. 395.

This section referred to in construing section 165 (article 81) and article
23, section 138—see notes thereto. Salisbury Bldg. Assn. v. Wicomico County,
86 Md. 617.

This section referred to In construing section 212—see notes thereto-
Graham v. Harford County, 87 Md. 328.
Cited but not construed in Crown Cork and Seal Co. v. State, 87 Md. 694.

1904, art. 81, sec. 149. 1902, ch. 236. sec. 132 A. 1904, ch. 368.

152. The state tax commissioner may employ one clerk, whose com-
pensation shall be $1,800 per annum; one assistant clerk, whose com-
pensation shall be $1,500 per annum, and one whose compensation shall
be $1,200 per annum.

Ibid. sec. 150. 1888, art. 81, sec. 133. 1874, ch. 483, sec. 146. 1878, ch. 78.
1880, ch. 20. 1902, ch. 417.

153. The president, cashier or other chief officers of any bank or
banking association, State or national, or other incorporated institution,