The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1872-05-11
CHArrER 23T.
AN ACT

To provide for the collection Of Arrearage,of
State taxes due on the shares OF snpItsl s,ost
OF National Banks aud Banking A,soci,a;oa.
located In this State, aud doing bu,ine..
therein.
Sec. l. Be 1t enacted BY the Gener.I 49,.
bly, Of Maryland, That the Oomptrollsr ~ N.
Treasury shall, on or before the irst a. AZ
May next, cause 10 DO made out an aeooas, AZ
all State taxes nov due and IN arrear. from ~,
Bank or Banking Association incor pors,sb 4,
or under any Law OF the United States. loca,sd
and doing business In this State, on To shsrss
OF tue capital stock OF said Bank or Banking
Association, In which account. intsre,t sbal
be charged from and after the first day Of Ian.
uAry next, alter which the said items Of t.ls
taxes shall become duo aud payable ia anv vear
for which said Bank or Baking Aoogfaiian
may be indebted and In Arrear a. Aforesaid. and
shall on or before tho feat day Of Nav bert'
cause copy OF the said account 10 be presented
70 said BANK or Banking Association AT \,
counter for payment, aud left W ith the Cashier.
President, Teller or some other officer OF nd
Bank or Banking Association, and Il shall b.
the duty Of the said Bank or banking Ass,eiA.
ton 10 pay the said taxes Into the frea,ury
with the interest thereon, on or before the
first day Of July next,
Soc, :. And b.. II further enacted, That The
Comptroller OF tho Treasury be. And H. 4,
hereby authorized and empowered To examine
upon oaih or ahrmstion, any odicor Of any
such Bank or Baking Association toaehiny
the taxes 50 in arroar on the shares Of capllSi
stock as Aforesaid, aud to compel ID, apne,r.
anee OF said officer before him when sumnnnsd
80 to appear, and II any such officer shall fail
or refuse to appear when duly .umnbpeI. ar
to answer upon oath or Affirmation, any Ia
terrogatory put by said Comptroller Ioaehing
the shares Of capital stock Of said Bank ar
Banking Association or the holder. thereof. or
inc taxes so due thereon, a. Aforesaid. or the
entries 10 the books Of said Bank or Banknr
Association Ia regard tbsrcto, and 70 give biz
knowledge In the premises, such ohicer 80 fail.
ibg or refusing, shall, upOn conviction thereof
IN any Court Of Law having jarisdicton DO
adJldged guilty Of a tsisdsmeanor, and shall
be hned therefor not less than three hund-.d
dollars nor more than dve hundred dollars In
be DISCRETION Of the Court, with ihs cost Of the
SUIT ana shall stand committed until the said
hne and cost are paid.
Sec. ,. And be Il further enacted Tb., n
any such Bank or Banking Association shalt
fail, neglect or refuse 10 make payment ofthg
SAID taxes 50 due on the shares Oh ia caoital
stock as aforesaid, with the interest thereon,
on or before the frat day Of July next then
add in that event, said Bank or Banking Al.
ISOLATION shall be deemed aud considered 40
I having waived and forfeited all right 10 tbs
privilege Of the exemption Of its judgments,
noiss AID other securities from taxation pro.
Vidcd for In the Act OF Assembly passed JaniAry
Session, eighteen hundred and sixty.seyen,
chapter three hundred and forty zone, or o. an 7
other exemption Of It's property, Judgment,
notes or securities contained In any other Act
OF Assembly or law Of this State, aud such
refusal shall DO deemed, taken and considered
as an election on the part OF the said Bank or
Banking Association 10 subject the judgments.
notes and other securities add property Of said
Bank or Baking Association 70 taxation In the
same manner as II said exemption or oxomp-
lions had not been provided for in sal Act or
Acts, and shall have the effect to render tho
sane liable to taxation as aforesaid, during all
the tune that said taxes shall have beea 90
liable 70 be levied, or shall have been or Sd all
/ Dc so due and unp,id on the shares Of capital
stock as aforesaid.
Sec. I. And be II further enacted, That IL
any such Bank or Banking Association shall
iail or neglect to pay into the Treasury Of this
state the amount OF taxes 90 due as aforesaid,
WIN tne interest thereon, on or before the drsl
day OF July next, as aforesaid, Il shall be the
duty Of the Comptroller Of the Treasury TO
cause the said fact Of non-paymenl aud OF tho
amount OF taxes so due, TO be made known 10
the County Commissioners OF tho county IN
which said Bank or Banking Association may
o. located, or OF the Appeal Tax Court Of the
] Ciy OF baltimore, IL the said Bank or BANKING
Association be located in said city, and II shaI
be the duty OF the said County Commi,sionar,
or Appeal Tax Court, as the case NAV be. Ia
cause an Immediate assessment TO DO made OF m,
State tax upon all judgments. notes and othe,
securities oelonglng 10 the said Bank or Bank
ing Association In each and every wear fol
which ,ueh taxes may be due and unpaid, a,
Aforesaid, and shall give to said bank or Bank
ing Association notice OF said assessment. and
the amount thereof, aud said taxes so asseSsst
shall DO levied upon the property, real and
| personal OF such Bank or BANKING Association
and the same shall be liable TO seizure and
/ IA N .
aal taxpayers Is liable under the laws OF hi (,
/ State. '"''
Sec. .. And DO 1t further enacted, That for
| tue purpose OF said assessment thu retnrn.
made under oath to the Comptroller OF Inc
Currency OF the United States, at washingtou
OF tue loans aud discounts Of said Bank in each
! year OF said years for which said takes NAV h,
due and unpaid, as Aforesaid, shall be taken
and considered as conclusive evidence o. Al,
amount OF securities belonging To said Bank In
| said year, and on which taxes are 10 be assessed
as Aforesaid, aud the same may be taken fran
tho printed returns contained In the report oil
.lu SonpIoher OF the currency as published
ey Tue authority Of the Government of the
| United States.
Sec. @. Aud be It further enacted, That tho
| Comptroller may, Ia his discretion, remit tho
interest on the amount OF taxes due and Ia ar,
rear from any Of the said Banks or Banking
associations, Proridsd, the principal SUN so
que from said Bank or Banking Association BE-
day of jane next.
See. Z; And BE- Il further enacted, Tha. this
Act shall take effect from aud after the date oil
/ Us passage.
We hereby certify that the aioreroing isa true
and perfect copy Of au Act passed IL, Gen
eral Assembly Of Maryland at the Januafy
Session, 1874
AUGUSTUS GASSAWAY,
Secretary Of the Senate.
MILTON Y. KIDD,
Chiet Clerk House OF Delegates.
approved April w, 1872.