ALBERT C. RITCHIE, GOVERNOR. 643

(e) The provisions of this section requiring notice shall be
deemed to be complied with if notice be given to the person
charged with payment of the tax, even though he may be liable
for account of shareholders or other persons.

Rate of Tax.

27. (a) Except as hereinafter in this section provided and
as provided in Section 9, all property subject to ordinary tax-
ation in this State, shall pay the full county and/or city rate
prevailing for the time being in the county and/or city in
which under this Article the same is taxable; provided that
nothing in this Article contained shall affect any special rates
prevailing under existing local laws in any taxing district, or
part of any county or city, or upon any class or classes of prop-
erty in any taxing district, or part of any county or city.

(b) Intangible personal property subject to taxation under
Section 6(3), 6(4) and 6(5) shall be assessed at the actual
value in the market; and upon such valuation shall be paid
the regular rate of taxation for State purposes, but in no event
more than at the rate of fifteen (15) cents on each one hun-
dred dollars of such valuation, and the rate of thirty (30) cents
and no more on each one hundred dollars of such valuation for
county and/or city taxation.

(c) Shares of stock of every bank, state or national, and
trust company, located and doing business in this State, valued
and assessed as provided in Section 15 of this Article shall
pay the regular rate of taxation for State purposes and one

dollar ($1. 00) and no more on each one hundred dollars of
such valuation for county and/or city taxation.

(d) Shares of stock of every domestic casualty, surety, guar-
antee or fidelity company, fire or marine insurance company,
valued and assessed as provided in Section 15 of this Article
as to companies of said respective classes shall pay the regular
rate of taxation for State purposes and one dollar ($1. 00) and
no more on each one hundred dollars of such valuation for
county and/or city taxation.

(e) Shares of stock of every domestic finance corporation
valued and assessed as provided in Section 16 of this Arti-
cle, shall pay the regular rate of taxation for State purposes,
and one dollar ($1. 00) and no more on each one hundred dol-
lars of such valuation for county and/or city taxation.