32

LAWS OF MARYLAND.

Amended

one of article eighty-one of the Code of Public

and re-enact-

General Laws, as the same was enacted by the act

ed.

of eighteen hundred and seventy-eight, chapter

one hundred and seventy eight, be amended and re-

enacted as amended so that the same shall read as

follows :

151. At the time of making the returns of stock-

holders 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

Furnish true

of every joint stock company doing business in this

statement.

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 pos-

sess any real property, and to the Appeal Tax Court
of Baltimore city, if such bank or other incorporated

institution or joint stock company shall own or pos-

sess any real property in said city, a true state-

ment 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 incorporated institution, or joint stock company

Give dupli-

so owning the same, and said county commissioners

cate certifi-

and Appeal Tax Court shall give duplicate certifi-

cates of val-
uation.

cates of such valuation and assessment to such pres-

ident or other officer, who shall transmit one of such

duplicate certificates with his return to the State

Tax Commissioner; and State, county, or city taxes,

shall be levied upon and paid by such bank or other

incorporated institution, or by such joint stock com-

pany, 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 values of the shares of stock

in such banks, corporations and joint stock compa-

nies, shall be ascertained by the State Tax Commis-

sioner in the manner following: 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

the shares of such respective banks, corporations or

joint stock companies, and divide the residuum by

the number of the shares of the capital stock, or