2612 ARTICLE 81.

acts of the general assembly of Maryland of the year 1890, excepting,
nevertheless, such classes of corporations as will be exempt from the
operation of sections 104, 105, 106, 107 and 109, Which said classes of
corporations heretofore formed shall be exempt from the operation of
said five sections in like manner as such classes of corporations hereafter
to be formed.

An. Code, sec. 106A. 1916, ch. 648.

110A.1 Payment by any corporation of the bonus tax to the Secre-
tary of State, heretofore or hereafter made while Article 23, sections 6
and Y of the Annotated Code were, or shall continue to be in force, and
the payment by any corporation of the bonus tax heretofore made to
the State Tax Commissioner of Maryland, or heretofore or hereafter
made to the State Tax Commission of Maryland, shall, as far as the
exercise of its corporate powers by any corporation, is concerned, be
deemed and taken as payment of said bonus tax to the State Treasurer.

Payment of State Taxes on Baltimore City Stock.

An. Code, sec. 107. 1904, sec. 104. 1888, sec. 89. 1844, ch. 234, sec. 2. 1874, ch. 483, sec. 90.
1898, ch. 123, sec. 151. 1908, ch. 185, sec. 104.

111. The city register shall on the first day of each and every month
in which the interest on any city stock is payable make out and deliver
to the appeal tax court a full and accurate list of the holders of all loans
of the city, the interest on which is payable in any of said respective
months or during the month for which said list is made out.

While secs. 111 to 115 make provision for payment of state taxes on Baltimore
city stock, there is no provision for payment of county or municipal taxes on that
stock. Schley v. Lee, 106 Md. 401.

See notes to sec. 113.

See sec. 5 for exemption of municipal and county bonds.

An. Code, sec. 108. 1904, sec. 105. 1S88, sec. 90. 1844, ch. 234, sec. 3. 1874, ch. 483, sec. 91.

1898, ch. 123, sec. 152.

112. The said court shall in each year carefully examine the said
lists and correct the same by striking therefrom all the holders of said
stock who may be exempt from taxation on said stock, and shall, on or be-
fore the first day of September, annually deliver one copy of the said
list, as corrected by them, to the city register, and one copy thereof to
the state comptroller, setting forth distinctly in said copies the assessed
value of the stock mentioned therein.

Where holders of city stock are banks or other corporations chartered by this
state or doing business therein, the city cannot escape responsibility for state taxes
on its stock upon ground that owners of stock are exempt from taxation within
meaning of this section. Baltimore v. State, 105 Md. 5.
See notes to secs. 111 and 113.

An. Code, sec. 109. 1904, sec. 106. 1888, sec. 91. 1844, ch. 234, sec. 4. 1874, ch. 483, sec. 92.
1898, ch. 123, sec. 153. 1908, ch. 185, sec. 106.

113. The city register shall retain from the interest paid on all the
several city loans to the holders thereof, included in the said corrected list

lThis section was overlooked until all other sections of art. 81 had been numbered—
hence it is numbered " 110A."