1848 REVENUE AND TAXES. [ART. 81

investments of every description' held by such companies,
respectively, in trust or otherwise, for any person, corporation
or trust estate, to the end that the said investments may be
made subject to State, county and municipal taxation, properly
applicable to the same provided by law; and the said tax com-
missioner shall annually by the fifteenth day of May in each
year assess said securities or other investments according to
their fair value, and levy the State taxes prescribed by law upon
the same, and shall also immediately upon the receipt of said
annual reports transmit a copy of the same to the county com-
missioners of the several counties in which the principal office
of said companies shall be located, and to the appeal tax court
of Baltimore city, for the due assessment and levy of county
and municipal taxes upon such investments and other securities.

1888, art. 81, sec. 136. 1888, ch. 143.

154. It shall be the duty of the president of any corpora-
tion organized under article 23, title "Corporations," for the
transaction of any business for profit or gain, before proceeding
to transact any business, or to open any office for the purpose
of transacting such business, to file in the office of the State
tax commissioner a copy of the certificate of incorporation
under which it is organized, certified by the clerk of the circuit
court for the county in which such certificate is recorded, or
by the clerk of the superior court of Baltimore city, if recorded
in said city; and such president is hereby required to file the
same in said office; and any such president neglecting or
refusing to comply with the provisions of this section shall be
fined fifty dollars for such neglect or refusal, to be recovered
as other fines are recovered under this code.

Ibid. sec. 137. 1878, ch. 178.

155. The county commissioners and appeal tax court are
directed annually to correct the assessment of the property in
their respective counties and the city of Baltimore, and to alter
and correct the valuation of any property which may have been
improperly valued, and to assess the same at its true value,
and to alter and correct the account of any person whose
property or any part thereof may have been omitted in the
former assessment, or may have been since acquired; and if
real estate or other property shall, from any cause, have
increased or diminished largely and materially in value since
the last levy, they shall correct, alter and amend the assessment,
of the same as aforesaid, so as to conform to its present value;