560

LAWS OF MARYLAND.
CHAPTER 352.

Passed Mar.
10, 1856.

AN ACT to reduce the taxes heretofore imposed by
authority of this State.

Assessment.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That the county commissioners, and
the mayor and city council of Baltimore in laying
and imposing the State direct tax, in the several
counties, and the city of Baltimore for the year eigh-
teen hundred and fifty-six, and for all future years,
provided for by the acts passed at December session
eighteen hundred and forty-one, chapter three hun-
dred and twenty-eight, shall impose an assessment
or tax of only ten cents in every hundred dollars
worth of assessable property, within their respective
jurisdictions, according to the valuation thereof; and

Repealed.

that so much of the act, passed at May session eigh-
teen hundred and fifty-three, chapter two hundred
and forty-eight, as imposed a tax of fifteen cents in
the hundred dollars, be and the same is hereby re-
pealed.

Duty of county
commissioners
and mayor and
council of Bal-
timore.

SEC. 2. And be it enacted, That it shall be the
duty of the county commissioners and the mayor and
city council of Baltimore, in laying and imposing the
tax aforesaid, under the provisions of this act, to be
governed by the assessment and valuation, made un-
der the provisions of the act passed at January ses-
sion eighteen hundred and fifty-two, chapter three
hundred and thirty-seven, and the act now passed,
or which may hereafter be passed supplemental there-
to or amendatory thereof, as such assessment and
valuation may have been corrected and adjusted, ac-
cording to the true intent and meaning thereof.

Tax to be im-
posed and le-
vied.

SEC. 3. And be it enacted, That there shall here-
after be imposed and levied, on the assessed value of
the public debt of the State of Maryland in the stock
loans of the city of Baltimore, of the capital stock
of the banks, and other incorporated institutions and
companies chartered by the State, and of any bonds,
certificates or other evidences of debt, bearing inter-
est which shall have been issued by said incorporate
institutions or companies for any loan contracted by
them, the same rate of tax as is provided in the first
section of this act; and that so much of any existing
law or laws as imposes a tax of fifteen cents in the
hundred dollars on said public debt, stock loans, cap-
ital stock and evidences of debt issued by incorpo-