300

LAWS OF MARYLAND.

taxation under the laws of this State or of the

United States.

At time of

SEC. 151. At the time of making the returns of

making re-
turns.

stockholders to the County Commissioners and Ap-

peal Tax Court, as required by law, the president or

other proper officer of every bank or other incorpo-

rated institution, shall furnish to the County Com-

missioners of each county in which such bank or other

incorporated institution shall own and possess any

real property, and to the Appeal Tax .Court of Bal-

timore city, if such bank or other incorporated

institution shall own and possess any real property

True state-

in said city, a true statement of such real property

ment.

situate 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 insti-

Give dupli-
cate certifi-

tution so owning the same ; and said County Com-
missioners and Appeal Tax Court shall give duplicate
certificates of such valuation and assessment to such

cates.

president 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 on such assessment,

Levied upon

in the same manner as the same are levied upon and

and paid.

paid by individual owners of real property in such

county or city.

Deduct as-

The State Tax Commissioner shall deduct the

sessed value.

assessed value of such real property, according to the

certificates so furnished to him from said County

Commissioners and Appeal Tax Court, from the

aggregate value of the snares of capital stock of such

bank or incorporated institution, and when the val-

uation and assessment of the shares of capital stock

of such bank or incorporated institution shall have

Finally de-
termined.

been finally determined and made for State purposes,
the State Tax Commissioner shall certify to the

County Commissioners of each county where any of

the stockholders may so reside, and to the Appeal

Tax Court of Baltimore city, if any of such stock-

holders reside in said city, the assessed value of such

shares of stock after deducting the assessed value of

such real property as aforesaid ; the shares of stock