ART. 81] STATE TAX COMMISSIONER. 1861

city of Baltimore and other incorporated towns of Maryland, shall
annually, on or before the first day of March, furnish to the county com-
missioners of each county or the appeal tax court of Baltimore city, and
the city clerk of each city, town or village incorporated in the State of
Maryland, in which any of its stockholders may reside, a list of the said
stockholders, so far as their place of residence may be known to such
officer, together with the number of shares of stock held by each. Said
list shall show the stockholders of such banks and other incorporated
institutions as they stand on the first day of January preceding, together
with their residences and the number of shares held by each on said
date, and the taxable value of such respective. shares of stock, ascer-
tained as hereinafter provided, shall for county and municipal purposes
be valued to the owners thereof in the manner hereinafter as of the pre-
ceding first day of January of each year, and taxes thereon shall be col-
lected for such banks and other incorporated institutions in the manner
hereinafter provided, as of said first day of January. In case the presi-
dent or other proper officer of said bank of other corporation fail or
refuse to furnish a statement as herein required to the county commis-
sioners or appeal tax court or city clerk aforesaid, on or before the day
hereinbefore specified for that purpose, then for each day that shall
thereafter elapse until the said statement shall be furnished, the said
bank or other corporation shall pay to the county commissioners, or
mayor and city council of Baltimore, or other municipal corporation,
as the case may be, the sum of one hundred dollars; and for the valua-
tion and effectual collection of taxes assessed on the stock of banks or
other incorporated institutions, held by non-residents, the president or
other proper officer of the corporation shall annually, on or before the
first day of March, make out and deliver to the county commissioners
of the county or the appeal tax court, or city clerk of the municipal cor-
poration where said corporation is situate, an account of the number
of shares of stock in such corporation held by persons not residents of
this State as of the first day of January preceding, and the same shall
be valued at its actual cash value, to and in the name of such stockhold-
ers, respectively, as of said first day of January preceding; but the tax
assessed on such stock shall be levied and collected from said corpora-
tion, and may be charged to the account of such non-resident stock-
holders in the said corporation, and shall be a lien on the stocks therein
held by such stockholders, respectively, until paid, and in no case shall
the stock of any corporation, in the aggregate, be valued at less than the
full value of the real estate and chattels, real or personal, held by or
belonging to such corporation in the several counties and city of Balti-
more, whether the shares of said stock are quoted on the market or not;
in case of failure or refusal to comply with this requirement the said
bank or other incorporated institution shall be liable to the penalty here-
inbefore prescribed; and the president and cashier or treasurer of any
such bank or other incorporated institution failing to comply in every
respect with the provisions of this section shall be liable to indictment