1878.] OF THE SENATE. 197

County Commissioners and Appeal Tax Court, from the
aggregate value of the shares of capital stock of such bank or
incorporated institution, and when the valuation and assess-
ment of the shares of capital stock of such bank or incorpo-
rated institution shall have 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 stockholders
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 held in such bank or incor-
porated institution owned by residents of this State, shall,
for county or municipal purposes, be valued to the owners
thereof, in the county or city where such owners respectively
reside, but the taxes assessed for State, county or municipal
purposes, shall be collected from such bank or incorporated
institution, and when so paid, may be charged by such bank
or incorporated institution, to the account of such stockhold-
ers respectively.

SEC. 152. As soon as the State Tax Commissioner shall have
valued and assessed the shares in the several banks and other
corporations in this State, he shall certify and return the said
valuation to the Comptroller of the Treasury, who shall at
once proceed to notify the President, Cashier or other proper

officer of such bank or other corporation, of the said valua-
tion and assessment of their shares respectively, by trans-
mitting to such President or other officer, an account of the
State taxes due from such bank or other corporation, under
such valuation and assessment, by mail, under cover; fairly
directed to such President or other officer, and shall note in
a book the date of placing in the mail the envelope or cover
containing such account; if no appeal be taken within
thirty days from such transmission, the said valuation and
assessment shall be final, but any such bank or corporation
may, within thirty days after such notification, appeal from
such valuation to the Comptroller of the Treasury and State
Treasurer, stating in such appeal the reasons and grounds of
such appeal, and said Comptroller and Treasurer shall con-
sider the same, and if the Comptroller and Treasurer shall
both be of opinion that such valuation and assessment so
made by the State Tax Commissioner, is erroneous and
ought to be changed, they shall change the same accord-
ingly, and the valuation and assessment so agreed upon by
the Comptroller and Treasurer shall be final, but if either
the Comptroller or Treasurer shall agree with the State Tax

Commissioner, as to the correctness of the valuation so made