The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1874-05-30
[cHAPrER AL
REVENUE AND TAXES.
AN ACT

To repeal section ninety-seyen, Of article eighty
one, of Public General Laws, entitled Reve-
nue. and Taxes, and TO rc.enact the same with
amendments.
Saction /. Be IL enacted by the General As
sembly Of Maryland, That section ninety-seven-
Of article eighty-one of the Code Of Public Gene
raj Laws relating TO revenue and taxes, be and
the same is hereby repealed, aud re'enacted so as
to read asfollows;
Sec. 81. The president or other proper officer
OF the banks, State and National, and other in
corporaled institutions in the several counties
and the city of Baltimore, shall annually, on the
first day Of March, furnish to the county COM
missioners or appeal tax court Of each county or
city in which any of its stockholders may reside,
list of the said stockholders, so far as their
place Of residence may be known TO such officer,
together with the amount Of stock held by each.
In case the president or other proper officer Of
any bank or other corporation aforesaid, fail or
refuse to furnish the statement herein required TO
the appeal tax court or the county commission
ers, aforesaid, on or before the day hereinbefore
specified for that purpose, then for each day that
shall elapse, until the said statement shall be
furnished the said bank or other corporation
aforesaid, shall pay to the mayor and city eoun'
Gil Of Baltimore, or to the county commissioners
as the case may be, the sum Of twenty-five dol
lars, provided, that it shall and may be lawful
for any banks, or other incorporated institution
10 agree in any year, with county commissioners
or appeal tax court to pay taxes on such amuonis
Of stock as may be agreed upon between them
and the said commissioners or appeal tax court,
without resort 10 the individual stockholders,
and for the valuation and efectual collection Of
the taxes assessed on the stock Of banks or other
incorporated institutions held By on-residents,
the president, or other proper officer Of the cor
poration shall annually, on the first day Of March,
make out and deliver 10 the county commits
sioners, or appeal tax court Of the proper county
or city, an account Of stock in such corporation,
held by persons not residents of this State,
and the same shall be valued at It's actual cash
value to, and in the name of such stockholders
espectiyely but the taxes assess ed on such stock
shall be levied and collected from said corpora
ton, and may be charged to the account Of such
nonresident stakeholder in the said corporation,
and be a lien on the stocks therein held by such
stakeholder respectively until paid PrOrided,
That in no case shall the stock be appraised al a
less value in the aggregate, than the value Of the
real estate and chattels real and personal, owned
or possessed by and belonging 10 the said cor
Porations in the several counties, and in the city
Of Baltimore; in case Of failure or refusal 10 COM
ply with this requirement the said bank brother
incorporated institutions shall be liable 10 the
penalty hereinbefore prescribed, and the presi-
dent and cashier, or treasurer of any such bank
or other incorporated institution failing to COM
ply in every respect With the provisions Of this
section, shall be liable to indictment therefor,
and on conviction shall be fined not less than i've
hundred dollars, nor more than one thousand
dollars, in the discretion Of the court, and shall
stand committed until such fine is paid.
Sec. ?. Aud be it enacted, That this Act shall
take effect from the date Of its passage.
We hereby certify, that the aforegoing is true
and perfect copy of an act passed the Cen
eral Assembly Of Maryland, at the January
Session, 1874.
AUGUSTUS GASSAwAY,
Secretary Of the Senate.
MILTON Y. KIDD,
Chief Clerk House Of Delegates.
Approved February &c, 1874.