162
LAWS OF MARYLAND.
Names of depositors
and
amount to be
furnished.
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SEC. 2. And be it enacted,
That it shall be the
duty of the president or other proper officer of every
Savings bank, Institution or other corporation located or
transacting business in the city of Baltimore, which receives
deposits and gives therefor certificates or acknowledgments
of deposit, bearing interest, to furnish
to the Appeal Tax Court aforesaid, on or before the
fourth Monday of April in the year eighteen hundred
and fifty-three, and on the second Monday of March,
in each year thereafter, a statement in writing, of the
names of the persons who, on the first day of March in
said year, were depositors in such Savings bank, Institution
or corporation, of the amount held on said
day, on deposit for each depositor who resides in the
city of Baltimore, or is a non-resident of this State, so
far as the same may be known, to the president or other
officer as aforesaid.
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Forfeiture in
case of neglect
or refusal.
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SEC. 3. And be it enacted,
That in case the president
or other proper officer of any Bank, Institution or
other corporation mentioned and described in this act,
shall fail or refuse to furnish the statement required by
this act to the Appeal tax court aforesaid, on or before
the day hereinbefore specified for that purpose, then for
each day that shall thereafter elapse until the said statement
shall be furnished, the said Bank, Institution or
other corporation shall pay to the mayor and city council
of Baltimore, the sum of twenty-five dollars.
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Bank may
agree with
Appeal Tax
Court as to
amount and
value of capital
stock.
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SEC. 4. And be it enacted,
That it shall and may
be lawful for any Bank, Institution or other corporation
mentioned or described in this act, to agree in any
year with the Appeal Tax court aforesaid, as to the
amount and value of the capital stock of such corporation,
of the deposits therein, liable to taxation by
the mayor and city council of Baltimore, and for the
payment by such corporation of the city taxes for the
said year, on the amount so agreed on and determined,
instead of recourse being had to the individual stockholders
and depositors, for the payment of the said city
taxes on their shares of stock or their deposits, and any
corporation which shall have made any such agreement
for any year, shall not be required in such year to furnish
the statement prescribed in this act, and shall not
be liable to the penalties imposed by this act for the
failure or refusal to furnish such statement.
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In force.
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SEC. 5. And be it enacted,
That this act shall take
effect from the passage thereof.
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