EMERSON C. HARRINGTON, GOVERNOR. 713

SEC. 2. And be it further enacted, That this Act shall take
effect from and after June 1, 1918.

Approved April 10th, 1918.

CHAPTER 294.

AN ACT to repeal and re-enact Sections 153-A and 162-A of
Article 81 of the Code of Public General Laws of Maryland,
title "Revenue and Taxes", as enacted by Chapter 797 of
the Acts of 1914, and to thereby provide a method for the
assessment and taxation of the stocks of Banks, State and
National, and Trust Companies, located and doing business
in this State, and fix a rate of taxation for all county, city
and municipal purposes thereon.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Sections 153-A and 162-A of Article 81, of the Code
of Public General Laws of Maryland, title "Revenue and
Taxes", as enacted by Chapter 797 of the Acts of 1914, be and
the same are hereby repealed and re-enacted so as to read as
follows:

153-A. In making the annual report to the State Tax Com-
mission provided for in the preceding Section of this Article,
the president, cashier or other chief officer of every Bank, State
and National, and Trust Company, located and doing business
in this Sitate, shall expressly state in such report the amount
of the capital stock paid in, the amount of surplus, and the
amount of undivided profits, together with such other informa-
tion as may be required by the said Commission under the
provisions of the preceding Section.

162-A. The State Tax Commission shall take into consid-
eration, in determining the taxable values of the shares of stock
of any Bank, State or National, and Trust Company, located and
doing business in this State except in case of such Banks or
Trust Companies as are in liquidation, the capital stock paid in,
its surplus and undivided profits, as provided for in Section
153-A of this Act and from the valuation which the State Tax
Commission may find shall be deducted the assessed value of
the real property belonging to and assessed to such Bank or
Trust Company, and the assessed value of all other property, or
investments, held or owned by Banks or Trust Companies, now
authorized by Chapter 124 of the Acts of 1908 of the General
Assembly of Maryland to be so deducted, and the remainder