160

LAWS OF MARYLAND.

shall be subject to said gross receipts tax, and shall comply
with all the provisions of this article with reference thereto
as fully as if such association, partnership or individual was a
corporation.

Tax upon

mortgages.

146 A. All mortgagees or assignees holding mortgages of
record in this State, shall annually pay a tax of eight per cen-
tum upon the gross amount of interest covenanted to be paid
each year to said mortgagee or his assigns by the mortgagor, to
be collected by the proper authorities as other taxes for county
and State purposes in the several counties, and municipal and
State taxes are collected in Baltimore city, and said taxes when
so collected shall be applied as follows: one-fourth of the
amount so received in each county of the State, and in Balti-
more city shall, on or before the tenth day of September in
each and every year, to be paid to the Comptroller of the
State Treasury, by the several county collectors or treasurers,
and the collector of taxes in Baltimore city, to be covered into
the State Treasury; the remaining three- fourths of the amount
so received, shall, in each county of this State, be by said col-
lectors of taxes, paid to the order of the County Commissioners
of the several- counties to be by said commissioners applied to
county purposes; and in Baltimore city shall be paid to the
order of the Mayor and City Council, to be applied as may be
deemed proper, and the tax hereby levied, shall, in each year,
be due and payable in the county or Baltimore city, where
the mortgage is recorded; provided, that if any mortgage is
recorded in two or more counties or in Baltimore city, and in
any county or counties of the State, the tax hereby levied shall
each year be paid in the county or Baltimore city, where the
greater portion of the property covered by the mortgage is
located.

When year to
begin and
end.

146 B. For the purpose of collecting said tax, the year
shall begin on the first day of September, and end on the
thirty-first day of August, in each succeeding year; and when-
ever any mortgage has been reqprded, only a part of a year,
the tax shall be paid only for that part of the year for which
it has been of record.

Covenants fol
mortgagor
to pay taxes
unlawful.

146 C. All covenants contained in any mortgage executed
after the passage of this act, for the payment by the mortgagor
of any or all taxes, assessments, public dues or charges levied
or to be levied by law on the mortgage debt created, or
secured by such mortgage, or on the interest covenanted to be
paid, are hereby declared null and void; and if under the