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LAWS OF MARYLAND.

Chapter 533.

AN ACT to regulate the levy for state purposes
for the year eighteen hundred and eighty-
eight, and subsequent years.

SECTION 1. Be it enacted by the General As-
sembly of Maryland, That the county commis-
sioners of the several counties of this state, and
the mayor and city council of Baltimore city,

State taxes.

are hereby directed to levy the state taxes for
the year eighteen hundred and eighty-eight,
and annually thereafter, to be collected accord-
ing to law, and to be apportioned 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
defence redemption loan ; a tax of one-fourth of
one cent on each one hundred dollars, to meet
the interest and to create a sinking fund for
the redemption of the exchange loan of eigh-
teen hundred and eighty-six ; a tax of one and
one-half, cents on each one hundred dollars, to
meet the interest and create a sinking fund for
the redemption of the treasury relief loan ; and
a tax of ten and one-half 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 ; making an aggregate of seventeen
cents and three-fourths of a cent on each one
hundred dollars ; 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 incorporated institutions
and cpmpanies of this state the shares of
whose capital stock are liable by law to assess-
ment and taxation.
SEC. 2. And be it enacted, That all acts or

Repealed.

parts of acts inconsistent with the provisions
of this act be and the same are hereby repealed.

Effective.

SEC. 3. And be it enacted, That this act shall
take effect from the date of its passage.

Approved April 5, 1888.