114

LEVY AND COLLECTION OF TAXES. [ART. 11.

in this article, to the county commissioners or Appeal Tax Court,
as the case may be, and the amount of such stock so held shall be
allowed as a credit in the basis of settlement of the tax on the
capital stock or property of said incorporated institution; but no
credit shall be allowed to any such incorporated institution by rea-
son of any investment on which the taxes are not so paid or pay-
able as aforesaid.

Id s 89
Where corpora-
tion and com-
missioners, etc,
disagree as to
amount of tax

89. Whenever any of the corporations of this State shall pro-
pose to the county commissioners or Appeal Tax Court to make
such agreement as provided by this article, and the county commis-
sioners or Appeal Tax Court, as the case may be, shall exact and

Proceedings

demand payment on an amount which said corporation shall con-
sider excessive, it shall and may be lawful for such corporation to
apply to the Circuit Court for the county, or to the Superior Court
of Baltimore City, as the case may be, according to the habitat of
said corporation, by petition, in writing, verified by the affidavit
of the president or other proper officer of said corporation, showing
the amount of the capital stock of said company, agreeably to the
act of incorporation or any supplement thereto, the number of shares
into which said capital is divided, and the par value of each share
under the act of incorporation, and the number of shares of the
said capital stock held by persons residing out of the State, the
number of shares held by persons in the said county or city, and
the number of shares held by persons outside of said county or city
and within the State, and also a statement showing the assets of
said corporation in a general way, and the estimated value of said
assets, and upon the filing of said petition and said statement, it
shall be the duty of the said court to appoint a day for the hearing
thereof as early as can conveniently be assigned for the purpose,
notice whereof shall be given to the county commissioners or Ap-
peal Tax Court, as the case may be, by service of a copy of said
petition and statement, and of the order of said court; and if the
said county commissioners, or said Appeal Tax Court, shall contro-
vert the allegations of said petition, then the matters in issue shall
be tried in the usual way by a jury then and there to be impanelled,
and either party, except as to mere valuation, shall he entitled to

Within what
time right of
appeal

appeal within sixty days after such decision, upon any exceptions
that may be taken to the opinions or directions of the court in
matters of law; and such appeal shall be heard and determined at
the term of the Court of Appeals then next succeeding such appeal;
and the amount that may be fixed by the jury in case there be no
appeal, or in case the decision below be affirmed, shall be final and
conclusive, provided, that no corporation shall be entitled to have
a day appointed for the hearing of said petition, unless the said cor-
poration shall either deposit, as the said court may direct, such sum
of money as the said county commissioners or said Appeal Tax
Court may claim as properly demandable, or file a bond, with sure-
ties, to be approved by said court, in double the amount of the