1236 REVENUE AND TAXES. [ART. 81-

Payment of Taxes by Corporations.

P. G. L., (I860,) art. 81, sec. 93. 1843, ch. 289. 1847, ch. 266, sec. 6. 1872, ch.,
419. 1874, ch. 483, sec. 83.

84. The president or other proper officer of the banks, State
and national, and other incorporated institutions and companies,,
chartered by this State, or located and doing business therein,,
shall annually, on the second day of January, pay to the treasurer
of the State, the State tax imposed upon the shares of capital'
stock of said banks, institutions or companies for the previous
year, whether they or any of them have or have not declared any
dividend or earned any profits, and without regard to the place
of residence of stockholders.

State v Mayhew, 2 Gill, 487. Gordon v. Mayor, 5 Gill, 231. Morris v. M A
C. G., 5 Gill, 244. Ins Co v. M. & C. C., 23 Md. 309. Emory o. State, 41 Md..
38. Barney e. State, 42 Md. 480.

Ibid. sec. 94. 1847, ch. 266, sec. 7. 1674, ch 483, sec. 84.

85. In all cases where any incorporated institution or com-
pany has no capital stock, so cailed, the property and assets of
said company, of whatever nature, shall be assessed, and the
president or other proper officer thereof shall pay to the treasurer
the tax due upon said property and assets, at the time aforesaid,
and also to the collector of the county or city, the amount of aiL
taxes due on said property and assets, to said county or city.

BUte v. Stirling, 20 Md. 517.

Ibid. sec. 95. 1847, ch. 266, sec. 8. 1874, ch. 483, sec. 85. 1888, ch. 242.

86. Every savings bank, institution or corporation, organized
for receiving deposits of money and paying interest thereon,
shall pay, annually, a franchise tax, to the amount of one-fourth
of one per centum, on the total amount of deposits hold by suck
savings bank, institution or corporation; and it shall be the duty
of the president, treasurer or other proper officer of every such
savings bank, institution or corporation, on or before the first day
of May, in each year, to report, under oath, to the State tax
commissioner the total amount of deposits held by such savings
bank, institution or corporation, on the preceding first day of
January; the State tax commissioner shall, on or before the first
day of June following, calculate the amount of franchise tax to-