ART. 81.] STATE TAX COMMISSIONER. 1255

as the case may be, the sum of one hundred dollars; and for the
valuation and effectual collection of the taxes assessed on the stock
of banks or other incorporated institutions, held by non-residents,
the president or other proper officer of the corporation shall annu-
ally, on or before the first day of March, make ont and deliver to
the county commissioners of the county or appeal tax court,
where said corporation is situate, an account of the number
of shares of stock in such corporation held by persons not
residents of this State, and the same shall be valued at its actual
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 stockholders in the said corporation, and shall be a
lien on the stocks therein held by such stockholders, respectively,
until paid; and in no case shall the stock of any corporation, in
the aggregate, be valued at less than the full value of the real
estate and chattels, real and personal, held by or belonging to
such corporation in the several counties and city of Baltimore,
whether the shares of said stock are quoted on the market or not.
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; and the president and cashier, or
treasurer of any such bank or other incorporated institution, fail-
ing to comply in every respect with the provisions of this section,
shall be liable to indictment therefor, and on conviction, shall be
fined not less than five hundred dollars, nor more than five thou-
sand dollars in the discretion of the court, and shall stand com-
mitted until such fine is paid.

Ins. Co v. M & C C, 23 Md 309. M & C C. v. City Pass. R. Co.. 57 Md.
35.

1874, ch. 483, sec. 143.

139. The county commissioners or appeal tax court of Balti-
more city may require the accounts of stock furnished as afore-
said to be verified by the oath or affirmation of the proper officer
of the corporation, or may require that the stock and other books
of said corporation shall be open to them for their inspection.

Ibid. sec. 144.

140. If any such president or other proper officer shall fail to
perform the duties imposed upon him by the preceding section,