ART. 81.] REVENUE AND TAXES.

261

fied for that purpose, then for each day that shall
thereafter elapse, until the said statement shall be
furnished, the said bank or other corporation afore-
said shall pay to the mayor and city council of Bal-
timore or to the county commissioners, as the case

may be, the sum of twenty-five dollars; provided,
that it shall and may be lawful for any bank or
other incorporated institution to agree in any year
with the county commissioners or appeal tax court
to pay taxes on such amount of stock as may be

Proviso.

agreed upon between the said commissioners or
appeal tax court without resort to the individual
stockholders and any corporation which shall have
made any such agreement for any year shall not be
required in such year to furnish the statement pre-
scribed in this act, and shall not be liable to the
penalties imposed by this act, for the failure or re-
fusal to furnish such statement, and for the valua-
tion and effectual collection of the taxes assessed on
the stock of banks or other incorporated institu-
tions held by non-residents, the president or other
proper officer of the corporation shall annually on
the first day of March, make out and deliver to the
county commissioners or appeal tax court of the
proper county or city, an account of stock in such
corporation held by persons not residents of this
state, and the same shall be valued at its actual

Agreement of
corporations
with county
commissioners
&c

cash value, to and in the name of such stockholders
respectively, but the tax assessed on such stock
shall be levied and collected from said corporation,
and may be charged to the account of such non-
resident stockholder in the said corporation and be
a hen on the stocks therein held by such stock-
holder respectively. In case of failure or refusal to
comply with this requirement, the said bank or
other incorporated institution shall be liable to the
penalty hereinbefore prescribed.

In force from June 1, 1864.

How tax to be
levied.