Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1878-05-03
LOaUs---Ge21erNL.

the Treasury be, and is hereby, iorized and
directed in ascertaining the al int due the
State for the State tax upon the ,ross receipts
of the Cumberland and Pennsylvania Rail
road Company, for the years eighteen and
seventy-two TO eighteen hundred and seventy.
I six inclusive, to allow an abatement therefronf
to the extent of nine thousand two hundr q
eighty-nine dollars and Sixty-cents; SAL
amount being the amount OF State tax upon
the valuation of the property OF said
Cumberland and Pennsylvania Railroad
Company, included in the valuation of the
stock Of the Consolidation Coal Company, and
which said sum has been enormously paid by
the Consolidation Coal Company, to the So
and the Treasurer of the State is he
authorized to receive from said CumberlaI
and Pennsylvania Railroad Company, Il
amount of the State tax upon its gross receips
for the years aforesaid, less the am cunt of sa s,
abatement in full satisfaction OF said STAT
taxes upon its gross receipts for the years sfore.
said, RENTING any penalty whatever because
of the non-paymcnt of said State taxes; pro-
vided said Cumberland and Pennsy lvania
Railroad Company shall promptly pay said
State taxes after the adjustment thereof in the
manner aforesaid.
Sec. 3 And be il enacted, That the Comp
troller of the Treasury be, and is hereby au-
thorized in ascertaining the amount due for
the State tax upon the gross receipts Of the
Cumberland and Pennsylvania Railroad Com
pauy for the year eighteen hundred and
seventy seven, to allow an abatement there
from to the extent cf the amount of the State
tax upon the valuation of the properly of said
Cumberland and Pennsylvania Railroad Com
pany, which by mistake has been included
in the valuation of the stock of said
Consolidation Coal Company upon which
the State tax for the year eighteen hundred
and seventy-seven has been duly levied and
assessed, and the Treasurer Of the State is
hereby authorized TO receive the amount of
the State tax on said gross receipts, less the
amount of the abatement Aforesaid, in full
satisfaction of the State tax on said gross re-
ceipts for the year aforesaid.
Sec. 3. And be it enacted, That the Comp
trol!er of the Treasury be, and he Is hereby
authorized in ascertaining for the purpose of
State taxation the valuation of the shares of
stock of the Consolidation Coal Company for
the year eighteen hundred and seventy. eigh I,
and annually thereafter, to deduct from the
market value of said shares the valuation Of
the property fsaid Cumberland and Pennsyl-
vania Railroad Company, while said Consoli-
dation Coal Company continues to be the
owner Of the stock of said Railroad Company
provided, said Railroad Comp my continues to
pay the State tax upon its gross receipts as re.
CURED by the laws of this State.
Sec. 4. And be it enacted, That this ac.
shall take effect from and after the date Of lis
passage.
EDWARD LLOYD,
President Of the Senate.
FEFTER S. HOBLITZELL.
Speaker Of tho House o. Delegates.
Approved April lst 1873.
JOHN LEE CARROLL,
Governor OF slary Wand.
We hereby certify that the aforel,ing Is IA
correct copy Of an act OF assembly passed a.
January session, 1873.
AUGUSTUS GAssAwAV,
Secretary Of The Senate.
MILTON I. KIDD,
Chief Clerk Of the House Of Delegrtes