582

LAWS OF MARYLAND.

entitled "Revenue and Taxes," be and the same is
hereby repealed and amended and re-enacted, so as
to read as follows :

List of Stock-
holders to be
furnished.

The President or other proper officer of the
Banks and other incorporated Institutions in the
several counties and the city of Baltimore, shall
annually on the first day of March, furnish to the
County Commissioners or Appeal Tax Court of
each county or city, in which any of its stockhold-
ers may reside, a list of the said stockholders, so
far as their place of residence may be known to
such officer, together with the amount of stock
held by each; in case the President or other proper
officer of any Bank or other corporation aforesaid,
fail or refuse to furnish the statement required by
this act to the Appeal Tax Court or County Com-
missioners aforesaid, on or before the day herein-
before specified for that purpose, then for each day
that shall thereafter elapse, until the said state-
ment shall be furnished, the said Bank or other
corporation aforesaid shall pay to the Mayor and
City Council of Baltimore, or to the County, Com-

Proviso.

missioners, as the case may be, the sum of twenty-
five dollars , provided, that it shall and may be
lawful for any Bank or other incorporated Institu-
tion to agree in any year with the County Com-
missioners or Appeal Tax Court to pay taxes on
such amount of stock as may be agreed upon be-
tween the said Commissioners or Appeal Tax
Court, without resort to the individual stockhold-
ers, and any corporation which shall have made
any such agreement for any year shall not be re-
quired in such year to furnish the statement pre-
scribed in this act, and shall not be liable to the
penalties imposed by this act, for the failure or re-
fusal to furnish such statement, and for the valua-
tion and effectual collection of the taxes assessed
on the stock of Banks or other incorporated Insti-
tutions held by non-residents, the President or
other proper officer of the corporation shall annu-
ally on the first day of March, make out and deli-
ver to the County Commissioners or Appeal Tax
Court of the proper county or city, an account of
stock in such corporation held by persons not resi-
dents 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