REVENUE AND TAXES. 249
cent on each one hundred dollars, to meet the interest and cre-
ate a sinking fund for the redemption of the "Public High-
ways Loan of 1910"; a tax of one-eighth (1/8) of one cent on
each one hundred dollars, to meet the interest and create a
sinking fund for the redemption of the "Sanatorium Loan,"
making an aggregate of twenty-three cents and one-quarter of
a cent (23 1/4) on each one hundred dollars; and the Comp-
troller of the Treasury shall levy the same State taxes on the
shares of the capital stock of all banks, State and national,
and other incorporated institutions and companies of this
State the shares of whose capital stock are liable by law to
assessment and taxation. The County Commissioners of the
several counties of this State and the Mayor and City Council
of Baltimore are directed to levy the State taxes, to be col-
lected according to law and to be apportioned for the year
nineteen hundred and twelve (1912) as follows: A tax of
sixteen and one-eighth (16 1/8) cents on each one hundred dol-
lars to aid in the support of the public schools, to be distrib-
uted according to law among the several counties and the city
of Baltimore; a tax of five and one-half (5 1/2) cents on each
one hundred dollars, to meet the interest and create a sinking
fund for the redemption of "The State Roads Loan"; a tax of
one (1) cent on each one hundred dollars to meet the interest
and create a sinking fund for the redemption of "The State
Insane Hospital Law"; a tax of one-half (1/2) of one cent on
each one hundred dollars, to meet the interest and create a
sinking fund for the redemption of "The Public Highway
Loan" of (1910) ; a tax of one-eighth (1/8) of one cent on each
one hundred dollars, to meet the interest and create a sinking
fund for the redemption of the Sanatorium Loan, making an
aggregate of twenty-three cents and one-quarter of a cent
(23 1/4) on each one hundred dollars; and the Comptroller of
the Treasury shall levy the same State taxes on the shares of
the capital stock of all banks, State and national, and other in-
corporated institutions and companies of this State, the shares
of whose capital stock are liable by law to assessment and tax-
ation, the shares of the capital stock of all banks, State and
national, and other incorporated institutions and companies
of this State, the shares of whose capital stock are liable by
law to assessment and taxation.
Approved April 7, 1910.
CHAPTER 488.
AN ACT to add three sections to Article 81 of the Code of
Public General Laws, entitled "Revenue and Taxes," to fol-
low Section 101 under the sub-title of "Bonus on Capital
|
![clear space](../../../images/clear.gif) |