THOMAS SWANN, ESQUIRE, GOVERNOR.

267

Sec. 14. And be it enacted, That for the purpose
of valuing the Stock of Banking and other private
Corporations held by non-resident Stockholders, it
is hereby declared ami understood that the Stock,
Bonds, Certificates or other evidence of debt, bear-
ing interest, of Banking, Insurance, or other Cor-
porations usually termed monied institutions, are
situated at the place at which the principal office
for transacting the business of such Corporation is
situated. That the Stork of a Turnpike, Railroad,
Canal, or other improved Corporation is situated,
at the place where its principal office for the
transaction of business shall be established, if the
said office be within the limits of this State, shall
be so assessed, and if not, then the assessable pro-
perty of such Corporation shall be valued and
assessed in the county or counties in which it is
situated, and in the city of Baltimore so far as it
is situated in said city, and that the Stock of Min-
ing, Manufacturing and other like Corporations,
situated at the place where the works of such Cor-
porations or the greater part of its operations shall
be conducted, shall be assessed in like manner.

Bank and
other private
stocks — where
assessed.

Sec. 15. And be it enacted, That for the effec-
tual collection of the taxes assessed, on the Stock,
Bonds, Certificates, or other evidences of debt,
bearing interest, of private Corporations held by
non-residents, the President or other proper offi-
cers of the Corporations liable to valuation and as-
sessment, shall make out and deliver to the asses-
sors of the proper county or city, annually, an ac-
count of stock in such Corporation held by per-
sons not residents of this State, and the same shall
be valued at its actual cash value, to and in the
name of such Stockholders respectively, but the
tax assessed on such Stock shall be levied and col-
lected from the said Corporation, and shall be
charged to the account of such non-resident Stock-
holders in the said Corporation, and shall be a
lien on the Stocks therein held by the said Stock-
holders respectively.

How taxes on
stocks, &c.,
are to be col-
lected.

Sec. 16. And be it enacted, That said Assessors
shall require the account of Stock, Bonds and other
evidences of debt furnished as aforesaid to be veri-
fied by the oath or affirmation of the proper officer
of the Corporation, or may require that the Stock
and other books of said Corporation shall be open
to them for their inspection.

Account of
stocks, &c.,
to be verified
by oath.