HERBERT R. O'CONOR, GOVERNOR. 673
CHAPTER 302.
(Senate Bill 216)

AN ACT to repeal and re-enact with amendments Sub-
section (f), Section 27 of Article 81 of the Annotated
Code of Maryland (1935 Supplement), title "Revenue and
Taxes", sub-title "Rate of Tax", relating to the appor-
tionment of the tax on shares of stock of banks and cer-
tain other corporations between the counties and the
several incorporated towns and cities therein.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Sub-section (f) of Section 27 of Article 81
of the Annotated Code of Maryland (1935 Supplement),
title "Revenue and Taxes", sub-title "Rate of Tax", be and
it is hereby repealed and re-enacted with amendments to
read as follows:

(f) In any case where property mentioned in sub-
divisions (c), (d) and (e) of this section is taxable under
the provisions of this Article in a city other than the City
of Baltimore, the amount so payable for county and city
taxes shall be apportioned between such city and the county
in which such city is situated in the proportion which the
full county tax rate applicable in said city and the full
city tax rate respectively bears to the total amount so pay-
able for both county and city taxes on such property, but
in no event shall any such town or city receive less than
twenty-five (25) per cent of the taxes collected on such
property taxable therein.

SEC. 2. And be it further enacted, That this Act shall
take effect June 1st, 1939.

Approved May 3_? 1939.

CHAPTER 303.
(Senate Bill 236)

AN ACT to repeal and re-enact, with amendments, Section
7 of Article 48A of the Annotated Code of Maryland
(1935 Supplement), title "Insurance", sub-title "Insur-
ance Department", to fix the compensation of the Actu-
ary of the State Insurance Department.