The Democratic advocate., 1874-06-27
Laacs-- General.

t"DiNViI ihtiuuiuE the eost OF said aofertscnent,
at the hour Of two o'clock, P. NJ, on said day
and that said sale win take place at the court
house door of the county, or at the Exchange /
salesroom If in the city Of Baltimore and If |
said taxes are not paid by the said hour Of sale,
the said collector shall proceed to sell the said /
shares, or as many Of the same as may be neces-
sary. TO the highest and the best BIDDER for cash,
to su,isfy the said taxes, and the costs and expen
ses ofsaid sale,ineiudlpg the cost of said adver-
tisement.
Sec. 4. And be II enacted, That il shall be thv
duty Of the said collector, as soon as practicable
after said sale or sales, to report the same 10
writing 10 the circuit court Of the county, or the
city court Of Baltimore city, as the case may be,
with affidavit, of the truth thereof, and Of the
fairness Of said sale or sales annexed and 1t
shall be the duty Of said court 10 whom the said
sale sales shall be SO reported, at tie earliest
day practicable, 10 examine into the matter Of
the said report, and IL II shall appear 10 the said
court tha, the provisions of this act have been
substantially complied with, and that The pur-
chase money for the sand shares Of stock so sold,
has been paid to the said collector, TO confrm
said sale, and 10 order the president and direct
Of the said bank to transfer the said shares d
stock so sold, on the books Of said bank, to the
purchase. ihcrerf (, and to issue . certificate to
said purchaser therefor and said order shall en-
title the said purchaser to said shares Of stock 50
sold as aforesaid and II said court shall ind
that the provisions Of this act have not been com
piled with said court shall set the said sale aside,
and shall order the said collector to proc I'd to
sell the said shares according 10 ihe provision, Of
this act.
Sec. 3. And be ii enacted, That said Stale
taxes shall be a lien on said shares of stock,
standing in the names Of such stockholders re-
speetively, from the time OF the making Of said
report by said cashier Aforesaid until paid aud
no transfer Of the same by said stockholders after
the making Of said report shall be available to
pass any title to the said shares Of stock until
said taxes are SO paid as Aforesaid.
Sec. 6. And be II enacted, Thai II, before the
time Of making said report by said cashier, any
ofsaid stockholders having shares Of stock stand
ing on the books Of said bank, in any Of the years
Tor which said shares have been omitted, 10 be
assessed and taxed as aforesaid, shall have bona
ds transferred said shares or any portion thereof
to some other person; said cashier shall note on
the said report, that said shares or some Of them
have been so transferred 10 such manner, that
said report shall disclose the fact whether such
stockholders respectively, are at present holders
Of the said shares or part thereof or not and II
any Of said stockholders holding such shares in
any Of said years, shall have bona ds transferred
all Of said shares 30 held by him, to some other
person, on the books Of the bank, before the day
Of making said report BY said cashier, 80 that
none or not enough Of said shares to pay the said
State taxes remain in the name Of said stockhold-
ers on the books Of the said bank on said day Of
report then it shall be the duty Of the said col
lector to distrain and seize any real or personal
estate Of the said stockhoider to transferring as
aforesaid, which may be In said county or city, to
the amount Of said taxes, and to sell the same In
the same way as for other State taxes due from
individuals under the laws Of this State.
Sec. !. And be 1t enacted, That IL any cashier
Of any such bank shall fail or neglect to perform
any Of the duties required Of him by this act,
such cashier shall be deemed guilty of misde.
meanor, and shall, upon Indictment and convic-
ton thereof in any court having Jurisdiction, be
fined not less than Eve hundred dollars, nor more
than hve thousand dollars, in the discretion OF
the court one-half to the State and the other %
the informer, and shall stand committed until the
fine and costs are paid and 1t shall be the duty
of the collectors TO inform the grand jury Of such
failure or neglect on the part Of said cashier.
Sec. 8. And be !, enacted, That IL any collec-
tor shall fail or neglect to perform the duties inn
posed upon him by this act, said collector shall
be liable to prosecution therefor and shall, upon
conviction before justice Of the peace. be fined
not less than one hundred dollars, nor more than
two hundred dollars, in the discretion Of the said
justice and the bond Of said collector shall be
liable to the State for any loss accruing from said
failure or neglect.
Sec. 0. And be itenacted, That Il shall be law
full for any such bank as is mentioned In the FIRST
section of this act, to agree with the Comptroller
for the payment directly into the Treasury BY said
bank of the State taxes due from its stockholders
on the shares Of stock held by them, and 50 stand
ing in their names on the books Of said bank, for
the years for which the same may be due respect
lively, and to pay the same 10 the Treasurer a nd
If such bank shall make such agreement in writ
ing, signed by the president and cashier thereof,
and shall pay the sum so agreed upon with the
Comptroller to the Treasury, then ii shall not be
necessary for the cashier Of said bank 50 agree
ing and paying, to make the report specified in
the first section ofthis act except Is TO such stock
holders as may have bona Jfds transferred their
stock before the time Of making said report by
said cashier.
Sec. TO- And be II enacted, That this act shall
take eject and after the date Of ils passage.
We hereby certify, that the aforegoine Is a
true and perfect copy Of an act passed The
General Assembly Of Maryland, at the jan
uary session, 1874.
AUGUSTUS GAssAwAY,
Secretary Of the Senate.
MILTON Y. KIDD,
Chief Clerk Houss Of Delegates.