ALBERT C. RITCHIE, GOVERNOR. 125

SECTION 162-As The State Tax Commission shall take into
consideration, 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 Article and from the valuation
which the State Tax Commission may find shall be deducted
the assessed value of the real property belonging to and as-
sessed 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 Article 81, Section 163
of the Annotated Code of Maryland to bo so deducted, and the
remainder shall be by the State Tax Commission divided by
the number of shares of such capital stock outstanding for the
purpose of determining the respective taxable value of each
share, as providep in the preceding Section, ami there shall be
paid on such valuation the regular rate of taxation for State
purpose's, and there shall also be paid on such valuation one
per cent., and no more, in all for all County, City and Munici-
pal taxation, which said tax shall be distributed among the
different jurisdictions, entitled to tax the said shares, in the
proportion which the rate of each jurisdiction bears to the ag-
gregate of the rates of such jurisdictions, and said tax shall be
in lieu of all other, taxes whatsoever, for County and Municipal
purposes upon the shares of stock and the owners of stock in
such Banks or Trust Companies. But in the case of such
Banks and, Trust Companies, as may be in the course of liqui-
dation, the aggregate value of all shares thereof, for the pur-
pose aforesaid, shall be determined by the State Tax Commis-
sion from the assets aid liabilities thereof, and upon such valu-
ation of such shares so determined, the regular rate of taxa-
tion for State and local purposes, shall be paid, in the manner
provided in this Article. Credits by reason of the ownership
by any such Bank, or Banks, or Trust Companies, of the Balti-
more City Burnt District Loan Stock issued under Chapter
468 of the Acts 6i 1904, the Water Loan, issued under Chap-
ter 333 of the Acts of 1902, and the Conduit Loan issued un-
der Chapter 246 of the Acts of 1902, whether heretofore or
hereafter issued, and also all other credits authorized and pro-
vided for under said Article 81, Section 163, of the Annotated
Code of Maryland, shall be allowed as provided for in said last