Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1848-04-13

at the rate of six per centum per annum from the
times specified for the payment of said amounts,
whether he has collected interest from the tax pay
not; and in case of any snch failure to pay.
the said collector shall be subject to all the prov-
sons of the forty-eghth section of the act to which
this is supplement-
! Sec 5. find be IL enacted, That it shall be the
duty of the commissioners and levy courts of the
several countless and of Howard district and of the
appeal tax court of the city of Baltimore, or be-
fore first day of June next to assess at the full cash
value thereof the capital stock of all incorporated
institutions and companies chartered by this State,
whose place of business may be situated within the
limits of said counties, district city respectively,
and before proceeding to fix the valuation of the
capital stock of any such institution company, the
said commissioners, levy courts appeal tax cou
shall give twenty days notice to the president or
other proper officers of the said Institution COM
pany, OF the time of their meeting to fix said valua
tlon in order that the said president other proper
officer may produce before them such evidence in
regard to the true value Of the said capital stock
he may deem proper, and if any of said ms tiuons
or companies shall refuse to appear render such
evidence in regard to the value of their stock, it
shall be the duty of said commissioners levy
courts or appeal tax court, the best information
they can obtain to value The said capital stock of said
institution or company to the utmost sum the same
may be worth in cash. and shall assess such instu-
ton or company according, and after said valuation
is fixed, it shall be the duty of the said commission
ers, levy court and appeal tax court deduct from
the amount of the essment of property in said
counties district and city, respectively, the assessed
value of all real and personal belonging to the
SAID institutions or companies the State, coun-
ty or city taxes shall thereafter be levied the value
OF said capital stock fixed as aforesaid and the said
commissioners, levy courts and appeal tax court
shall send to the treasurer of Maryland account
assessment made under this act as soon as the
same shall be completed.
Sec. 6. find be 1t enacted That it shall be the
duty of the president other proper officer cf the
banks, and of all other incorporated institutions and
companies chartered by this State, semi-annually,
on the first day of January and the first day Of July
In each and every year. to pay to the Treasurer OF
Maryah the amount of the tax imposed upon the
the capital stock of said banks institutions or com
panIes by the act of March sess Oh, eighteen hun
dred and torty-one, chapter twenty. three and its
supplements. whether such banks, institutions or
companies, any of them, have or have not de-
clared any dividends or earned any profits, with
out regard to the place of residence of the stock
holders therein
Sec. I. find be 1t enacted That in all cases where
any Incorporated institution or company in this
State has no capital stock, called, the property
asserts of said company whether real estate, judg
ments, private securities or of whatever nature shall
be assessed and the tax levied thereon, and it shall
be the duty of the president or other proper Officer
of said institution company, to pay to the Trea
surer the amount of State taxes due on said proper
ty and assets, at the time and in the manner prov
ded In the sixth section of this act and also to paw
to the collector of the county, the amount of al
taxes due to said county on the said property an0
assets
Sec. S. find be it enacted That it shall be the du-
ty OF the President or other proper officer of any
savings bank, institution or other corporation in
this State, which shall receive deposits and give
therefor certificates of deposite bearing interest,"
furnish to the Treasurer of MARYLAND Oh the first
day OF July, in each and every year, the aggregate
amount of deposteS in such corporation, and to pay
over to the said Treasurer said day, out of the
interest due to the depositors the State tax said
certificates and said President or other officer shall
IN like manner furnish to the commissioners, levy
court, or appeal tax court, as the case may be- OF
the county, district city, in which said institution
or corporation is situated list Of the depositors in
said institutions or corporations respectively, with
the amounts deposited by them at the time of the
annual meeting of those bodies for levying county
taxes, or shall agree with the said commissioners
levy court or appeal tax court, as the may be-
be agreed upon between the said commissioners
levy court, appeal tax court, without resort to
the individual depositors.
Sec g. ind be 1t enacted, That it shall be the du-
ty OF the president other proper officer of any in
corporated institution or company of this State
which shall have issued any bonds, certificates, OF
other evidences of debt bearing interest, for any
loan contracted by them the first day of July in
every year to make return to the Treasurer of Ma
rVland pt To If bond
tcates or other evidences of debt, and TO pay
to the said Treasurer, said day, out of the nte-
rest due to the holders of the said bonds certificates
or other eviderces of debt, the State tax thereon
and said president other officer shall in like
ner furnish to the commissioners, levy court ap-
peal tax court, as the may be, of the county,
district or city, in which said corporation situated
list ofthe holders of the said bonds, certificates or
other evidences of debt, at the the time of the
al meeting OF those bodies for Lowing taxes.
Sec TO- find be 1t enacted, That it shall be the
duty OF the president or other proper officer of the
banks and other incorporated institutions in the Sc
veral counties and Howard District and the city OF
Baltimore, and they are hereby directed to furnish
annually on the first day OF March to the levy court
or commissioners or appeal tax court of each coun-
ty, district or city in which any of its stockholders
may reside, list of the said stockholders respective
ly, so tar as the place of their residence may be
known TO said president other officer aforesaid
together with the amount of stock in said banks
institutions or companies held by each of said stock
holders but such list need not be furnished by any
corporation to the levy court board of commission.
ers or appeal tax court OF any county or city with
the said corporation may have rlade an arrange.
ment for the payment OF the coonty or city tax or
its capital stock, without reference 10 its individual
stockholders.
Sec. l. find be 1t enacted, That stocks and secu
rites held by or for the use of anv ncorporated cha
ritable institution of this State, Shall be hereafter
exempt from taxation for either State, county o.
city purposes, to the amount of ten thousand dol
lars; prorided, that any such institution holding
property already exempted from taxation shall b.
entitled under this section to no further exemption
than will make the total amount of its properly OK
empted equal in value to fifteen thousand dollars.
Sec. 10. find be 1t enacted, That it shall be tn
duty of the clerks of tbs several county courts AM
of Howard District court, to return to the lev
court, commissioners appeal tax court, as the cas-
may be- the first Gav nj March in each apd ayor