ART. 81] BANKS AND OTHER CORPORATIONS. 539

Banks and Other Corporations.

1896, ch. 120.

141. At the time of making the returns of stockholders to
the county commissioners and Appeal Tax Court of Baltimore
city, as required by law, the president or other proper officer of
every bank or other incorporated institution incorporated under
the laws of this State or doing business therein, and of every
joint stock company doing business in this State shall furnish
to the county commissioners of each county in which such bank
or other incorporated institution or joint stock company shall
own or possess any real property, and to the Appeal Tax Court
of Baltimore city, if such bank or other incorporated institu-
tion or joint stock company shall own or possess any real
property in said city, a true statement of such real property
situated or located in such county or city, and such real property
shall be valued and assessed by said county commissioners
and Appeal Tax Court, respectively, to the said bank or incor-
porated institution or joint stock company so owning the same,
and the said county commissioners and Appeal Tax Court shall
give duplicate certificates of such valuation and assessment to
such president or other officer, who shall transmit one of such
duplicate certificates with his return to the State tax commis-
sioner, and State, county and city taxes shall be levied upon and
paid by such bank or other incorporated institution or by such joint
stock company on such assessment in the same manner as the same
are levied upon and paid by individual owners of real property in
such county or city; the respective taxable value of the shares of
stock in such bank, corporation and joint stock companies shall
be ascertained by the State tax commissioner in the manner fol-
lowing: He shall deduct the assessed value of such real property
belonging to the said respective banks, corporations or joint stock
companies from the aggregate value of all shares of such respective
banks, corporations or joint stock companies and divide the
remainder by the number of shares of the capital stock or shares
of such respective banks, corporations or joint stock companies
and the quotient shall be the taxable value of each of such
respective shares for State purposes, and all State taxes thereon
shall be paid as provided now or hereafter by law, and when the
valuation and assessment of the shares of the capital stock or