ALBERT C. RITCHIE, GOVERNOR.                  683

fourth of the same to be paid to the Treasurer of Maryland,
for the State tax, and the other three-fourths of the same to
the county in which such savings bank, institution or corpora-
tion is situate, or to the City of Baltimore, if such savings
bank, institution or corporation be situate in said city, and
shall certify the said amount due to the State to the Comp-
troller of the Treasury, to be collected as other State taxes,
and the amount due to the counties in which such savings
banks, institutions or corporations are severally situate, to the
County Commissioners for such counties, respectively, and the
amount due to the City of Baltimore to the Appeal Tax Court
of such city, to be collected as other county and city taxes due
from corporations are collected; and the portion of such fran-
chise taxes to which the State is entitled, shall be payable,
without interest, at any time on or before August first of such
year, provided the account is mailed by the Comptroller to the.
savings bank liable therefor, on or before July first; and if the
account shall not be mailed until after July first, the same shall
be payable without interest, at any time within thirty days
after the mailing of the account; if the portion of such tax to
which the State is entitled, be not paid on or before August
first, or within thirty days after the mailing of the account, as
above provided, then the said tax shall thereafter bear interest
at the rate of one-half of one per cent, for each month or frac-
tion of a month and if the portion of the tax to which the State
is entitled be not paid before the first day of December follow-
ing, a penalty of five per cent, on the amount thereof shall be
added. The portion of such franchise tax to which any county
or the City of Baltimore is entitled, shall be due and payable,
respectively, as ordinary county and/or city taxes are due and
payable by law, and, if unpaid, shall be in arrear, and shall
bear interest as other such taxes.

SEC. 2. And be it further enacted, That this Act shall take
effect on Juno 1st, 1931.

Approved April 17, 1931.

CHAPTER 255.

A1ST ACT to provide for the refunding and extension of cer-
tain of the bonded indebtedness of Frederick County and
the County Commissioners of Frederick County, authorized