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LAWS OF MARYLAND.

CHAPTER 330.

AN ACT to regulate the levy for State purposes

for the year eighteen hundred and seventy-eight,

and for subsequent years.

SECTION 1. Be it enacted by the General Assembly

of Maryland, That the County Commissioners of

the several counties of this State, and the Mayor

Apportion-

and City Council of Baltimore city, are hereby di-

ment of levy.

rected to levy the State taxes for the year eighteen

hundred and seventy-eight, and, annually thereafter,

to be collected according to law, and to be appor-

tioned as follows : A tax of five and one-half cents

on each one hundred dollars, to meet the interest

and to create a sinking fund for the redemption of

the defense or bounty loans ; a tax of three-fourths

of one cent on each one hundred dollars to meet the

Create sink-
ing funds.

interest and create a sinking fund for the redemption
of the Deaf and Dumb Asylum loan ; a tax of one

cent on each one hundred dollars to meet the inter-

est and create a sinking fund for the redemption of

the Maryland Hospital loan ; a tax of ten cents on

each one hundred dollars to aid in support of the

Public Schools, to be distributed according to law

among the several counties and the city of Baltimore,

and a tax of one and one-half cents on each one

hundred dollars to meet the interest and create a

Aggregate.

sinking fund for the redemption of the Treasury Re-
lief loan ; making an aggregate of eighteen cents

and three fourths of a cent on each one hundred dol-

lars; and the Comptroller of the Treasury shall levy

the same State taxes on the shares of capital stock

of all banks, State and National, and other incorpo-

rated institutions and companies of this State, the

shares of whose capital stock are liable, by law, to

assessment and taxation.

SEC. 2. And be it enacted, That all acts, or parts

Inconsistent

of acts, inconsistent with the provisions of this act,

acts repealed.

be and the same are hereby repealed.

In force.

SEC. 3. And be it enacted, That this act shall

take effect from the date of its passage.

Approved April 5, 1878.