ART. 81] STATE TAX ON STATE DEBT—ON STOCK. 1833

1888, art. 81, sec. 93. 1860, art. 81, sec. 102. 1844, ch. 234, sec. 6.
1874, ch. 483, sec. 94. 1892, ch. 567. 1898, ch. 123, sec. 155.

108. Each member of the said court shall receive fifty
dollars, annually, for the services required in the three preceding
sections; and the city register, the sum of three hundred
dollars for the service therein required of him; the said sums
to be paid by the treasurer on the warrant of the State comp-
troller.

State Tax on Public Debt of the State.

Ibid. sec. 94. 1860, art. 81, sec. 103. 1844, ch. 172, sec. 1. 1845, ch. 170,
sec. 2. 1864, ch. 199. 1874, ch. 483, sec. 95.

109. The treasurer is hereby directed to levy the State taxes
on all the public debt of the State of Maryland liable to taxa-
tion and owned or held by any person, resident or non-resi-
dent, of this State, assessed at the following valuation: so
much of the said debt as bears an interest of six per centum
shall be assessed at par; so much thereof as bears an interest
of five per centum shall be assessed at eighty-five dollars in
the hundred; so much thereof as bears an interest of four and
a half per centum at eighty dollars in the hundred; and so
much thereof as bears an interest of three per centum at sixty-
four dollars in the hundred; which assessment shall be made
by the treasurer at the times prescribed in the next succeeding
section for the payment of said taxes.

Ibid. sec. 95. 1860, art. 81, sec. 104. 1844, ch. 172, sec. 2
1874, ch. 483, sec. 96.

110. The said tax shall be collected by the treasurer by
retaining it out of the interest falling due on the first day of
July in each year, on the said portion of the public debt.

Assessment for State Taxes of Stock of Public and
Private Corporations.

Ibid. sec. 96. 1860, art. 81, sec. 105. 1853, ch. 248, sec. 4. 1874, ch. 483,
sec. 97. 1896, ch. 143, sec. 201, post secs. 148-162.

111. The public debt of this State, stock loans of the city of
Baltimore, the capital stock and bonds, certificates or other
evidences of debt, bearing interest, issued by incorporated
companies or institutions of this State, shall be assessed for
purposes of State taxes as herein provided.
State v. Mayhew, 2 Gill, 487. Barney v. State, 42 Md. 480.

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