ART. 81] PAYMENT OF TAXES BY CORPORATIONS. 1825

from whom such taxes may be demanded may plead this
section in bar of any recovery of the same.

Gunther v. M. & C. C., 55 Md. 457. Gould v. M. & C. C., 58 Md. 46. Ibid
59 Md. 378. Hebb v. Moore, 66 Md. 167. Perkins, trustee, v. Dyer, 71 Md.
421. Condon v. Maynard, 71 Md. 604. Georgetown College v. Perkins 74
Md 72. Baden v. Perkins, 77 Md. 468. Baldwin v. State use of Hull, 89
Md 597. B. & O. R. R. Co. v. Wicomico Co., 93 Md. 130

Payment of Taxes by Corporations.

1888, art. 81, sec. 84. 1860, art. 81, sec. 93. 1843, ch. 289. 1847, ch. 266,
sec. 6. 1872, ch. 419. 1874, ch. 483, sec. 83.

87. 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 busi-
ness 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 com-
panies 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. & C C., 6 Gill, 244 Ins. Co. v. M. & C C., 23 Md. 309. Emory v. State,
41 Md 38. Barney v. State, 42 Md. 480 State v Safe Deposit Co , 86 Md.
582 Salisbury B. Asso. v. Wicomico, 86 Md. 617. Skinner Dry Dock Co.
v. Balto. City, 96 Md. 43.

Ibid. sec. 85. 1860, art. 81, sec. 94. 1847, ch. 266, sec. 7.
1874, ch. 483, sec. 84.

88. In all cases where any incorporated institution or com-
pany has no capital stock, so called, 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 all taxes due on said property and assets to
said county or city.

State v. Stirling, 20 Md. 517.

Ibid. sec. 86. 1860, art. 81, sec. 95. 1847, ch. 266, sec. 8.
1874, ch. 483, sec. 85. 1888, ch. 242.

89. Every savings bank, institution or corporation, organ-
ized 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
held by such savings bank, institution or corporation; and it