1866 REVENUE AND TAXES. [ART. 81

This section and section 165 do not contemplate a personal notice to the
property holder; a compliance with the requirements of the statute is a
sufficient notice to the non-resident property holder of the assessment and
valuation of the property. Corry v. Baltimore, 96 Md. 322 (affirmed in 196
U. S. 466).

Construing together this section and sections 150, 151 and 159, only the
issued, stock of a corporation may be taxed. Consumers' Ice Co. v. State, 82
Md. 136.

The fact that the capital stock of a corporation is principally invested in
patent rights granted by the United States, does not exempt such stock from
taxation, nor is the value of such patent rights to be deducted in assessing
the stock. Crown Cork and Seal Co. v. State, 87 Md. 696.

Where property has been Improperly assessed for taxation, mandamus is
the proper remedy. Anne Arundel County v. Baltimore Sugar Refining Co.,
99 Md. 485.

Assessment and levy held to have been made in time. American Coal Co.
v. Allegany County, 59 Md. 193.

A street railway company held not to be a "railroad company" within the
meaning of the act of 1878, ch. 178. Baltimore v. Baltimore, etc., Ey Co., 57
Md. 35.

A corporation's failure to pay taxes held to be a default under a mort-
gage given by the corporation which entitled the trustee to sell under the
mortgage. Union Trust Co. v. Belvedere Co., 105 Md. 521.

For cases involving the assessment and taxation of easements, see Consoli-
dated Gas Co. v. Baltimore, 105 Md. 43; Same, 101 Md. 542; United Rys. Co.
v. Baltimore, 111 Md. 264.

This section referred to in construing section 109—see notes thereto. Balti-
more v. State, 105 Md. 4.

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.

Cited but not construed in Monticello Co. v. Baltimore, 90 Md. 431.

As to the remedy in case of an illegal assessment, see notes to sections 15S
and 163.

As to the taxation of foreign corporations, see art. 23, sec. 95, et seg.; see
also, art. 23, sec. 120, et seq.

As to the taxation of corporate slock owned by non-residents, see also,
sections 150 and 159.

See notes to sections 2, 4, 163 and 202.

1904, art. 81, sec. 160. 1888, art. 81, sec. 142. 1875. ch. 483, sec. 88. 1886, ch. 312.
1906, ch. 467. 1908, ch. 124.

163. Any corporation having a capital stock divided into shares, and
owning as an investment of any part of its capital or surplus, any of the
stock debt of this State upon which the state tax has been deducted by
the treasurer, or of the stock debt of the city of Baltimore on which
the state taxes have been paid, or are payable by said city, or shares
in any national bank or other corporation of this State upon which the
state and county or city taxes are levied and paid, or are payable by
such bank or other corporation, shall report in detail, on or before the
fifteenth of March in each year, under the oath of the president, cashier,
treasurer or other proper officer to the state tax commissioner such of
said stock debts and shares of said national banks and other corporations
of this State owned at the time of making said report, and which were
owned by such corporation on January first of said year and for six
months continuously theretofore; and the said state tax commissioner
shall assess the value of said stock debt of the city of Baltimore and all
the provisions of section 165 as to notice and appeal in the case of the