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1892.] OF THE HOUSE OF DELEG VTES. 1045
said County Commissioners and Appeal Tax Court
respectively, to the said bank or incorporated institu-
tion or joint stock company so owning the same; and
said County Commissioners and Appeal Tax Court
shall give duplicate certificate of such valuation and
assessment to such president or other officer, who shall
transmit one of such duplicate certificates with Ms re-
turn to the State Tax Commissioner, and State, county
and city tax shall be levied upon and paid by such
bank or other incorporated institution, or by such
joint stock company on such assessment in the same
manner as the same are levied upon and paid by indi-
vidual 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 companies
shall be ascertained by the State Tax Commissioner
in the manner following: he shall deduct the assessed
value of such real property belonging to the said re-
spective banks, corporations, or joint stock companies,
from the aggregate value of all shares of such re-
spective banks, corporations or joint stock companies,
and divide the residue by the number of the shares
of the capital stock or shares of such respective banks,
corporations or joint stock companies, and the quo-
tient shall be the taxable value of each of such re-
spective shares for State purposes, and all State taxes
thereon shall be paid as provided in section eighty-
four of this article ; and when the valuation and as
sessment of the shares of the capital stock, or shares
of such bank, corporation or joint stock company
shall have been finally determined or made for State
purposes, the State Tax Commissioner shall certify io
the County Commissioners of each county where any
of such respective stockholders may reside, and to
the Appeal Tax Court of Baltimore city, if any of
said stockholders or shareholders reside in said city,
and the County Commissioners of the county in which,
such bank, corporation or joint stock company is sit-
uated, or to the Appeal Tax Court of Baltimore city,
if it is situated in said city, the assessed taxable
value of such respective shares of stock, or shades so
ascertained as aforesaid ; and the said taxable values
of such respective shares of stock or shares in
such bank, corporation or joint stock companies,
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