ART. 81] SAVINGS BANKS—RAILROAD BONDS. 1827

granting exemption from taxation to the shares of any bank or
any other corporation, or to any other property taxable under
the laws of this State, by reason of or on account of its owner-
ship by a savings bank, institution or corporation of this State.
Westminster v. Westminster Bank, 92 Md. 63.

1904, ch. 212, sec. 86 B.

91. None of the provisiors of section 89 shall apply to or
in any manner affect any savings bank, institution or corpora-
tion which has a capital stock of twenty thousand dollars or
over subject to taxation under the laws of this State, and which
merely receive time deposits at a fixed rate of interest, but do
not receive weekly and monthly deposits.*

1888, art. 81, sec. 88. 1884, ch. 234.

92. All bonds and certificates of debt bearing interest,
issued by any railroad corporation or other corporation of this
State, secured by mortgage of property wholly within this
State, shall be subject to assessment and taxation to the owner
or owners thereof in the same manner as like bonds or certifi-
cates of debt bearing interest and secured by mortgage of
property partly in this State and partly in some other State or
States are now subject under the laws of this State; and it
shall be the duty of the county commissioners of the several
counties and the appeal tax court of Baltimore city to assess
all such bonds or certificates of debt to the owner or owners
thereof resident in their several counties, or in the city of
Baltimore, respectively.
Simpson v. Hopkins, 82 Md. 487.

1890, ch. 244, sec. 88 A.

93. If any corporation of this State from which State taxes
shall be due and payable on the assessed value of its shares
of capital stock shall fail or neglect to pay the same to the
treasurer of the State before the first day of November of the
year for which such taxes have been assessed and levied, such
corporation shall for such failure and neglect forfeit and pay
to the State an additional amount of five per centum as penalty
or damages, to be added to the State taxes so due and unpaid,
and it shall be the duty of the comptroller to add the said
penalty or damages to the said account, and forthwith to make
ont said account and certify the same under the seal of his

*NOTE—Section 87 of 1888, article 81, is omitted for the reason that while
not repealed in express terms by the assessment act of 1896, chapter 143,
it is superseded by the provisions of that act.