The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1874-05-30
[CHAPTER AL
hAf ihN I'll
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 re-enact the same with
amendments.
Saction /. BE II enacted by the General As
sembly of Maryland, That section nuety-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the same is hereby repealed, aud re'enacied SO as
to read asfollows;
Sec. 81. The president or other proper officer
Of the banks, State and National, and other in
corporated 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,
a list Of the said stockholders, so far as their
place of residence may be known 10 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 coun-
Gil Of Baltimore, or TO the county commissioners
as the case may be- the sum Of twenty-five dol
lars, provided, that 1t shall and may be lawful
for any banks, or other incorporated institution
10 agree in any year, with county commissioners
or appeal tax court 10 pay taxes on such amuone
Of stock as may be agreed upon between them
and the said commissioners or appeal tax court,
without resort TO the individual stockholders
and for the valuation and efFectual collection OF
the taxes assessed on the stock Of banks or other
incorporated institutions held By non residents
the president, or other proper officer Of the cor
poration shall Annually, on the first day of March,
make out and deliver TO 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
espectvely, 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 lien on the stocks therein held by such
stockholder respectively until paid Prorided,
That in no case shall the stock be appraised at 4
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 TO COM
ply with this requirement, the said bank OIL. other
incorporated institutions shall be liable TO 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 10 indictment therefor,
and on conviction shall be fined not less than FIVE
hundred dollars, nor more than one thousand
dollars, in the discretion Of the court, and shall
stand committed until such fine is paid.
Sec. 2. And 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.