Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1878-05-09
l7S.

To add additional Sections to Article 81 OF
the Code Of Public General Laws, emit.
tied Revenue and Taxes" and to repeal
all laws iuconsis,cn, with the provisions
Of said Sections.
SECTION 1. Re it enacted by the Gen.
eral Assembly of Maryland. that :nlditianal
Sections bc and the same are hereby added
to Article ~ of the Code Of Public Gcncr.
81 Laws, entitled "itcycnuc and Taxes" to
read ar tollows:
SIC. l49. There shall he in the Treas.
ury Department a Tax Commissioner OF
the State of Maryland, to bc appointed Ly
the Governor Comptroller and Treasurer,
or a majority of them, who shall take the
oath prescribed by the Constitution, and
shall hold his office for four year from the
date Of his qualification, and until the ar-
pointmcnt and qualification Of his success.
sOr, and shall receive salary Of twenty.
five hundred dollars per annu,n,) as may
le audited hy the Comptroller, who shall
issue hjs warrant for the payment of the
same when allowed. The State Tax Com.
missioner shall assess tor State purposes
the Shares Of Capital Stock in all Banks,
State or National, Banking Associations,
@r other Incorporated Institutions or Com.
panics incorporated under the authority OF
this State, or located and doing business
therein. whose shares of Capt. Il Stock are
Aakle TO assessment and taxation by the
laws OF this State, aud shall have all the
powers and perform all the duties in refer.
ence thereto which have heretofore de.
volved by Law upon the Comptroller; he
shall report the assessment Of such Shares
OF the Capital Stock to the Comptroller
and said assessment shall be subject to APP.
peal and revisina rs hereafter provided in
this Article. lie shall report the amour,
Of the basis Of assessment for State pur.
poses ia the several Counties and City OF
Baltimore, with his Suggestions In regard
each regular session thereof and shall per.
form such other duties as may he pre-.
scribcd by law
SEC. $50. The County Commissioners
and appeal Tax Court, are directed annu.
ally to correct the assessment Of the prop
eriy III their respective counties and the
City Of Baltimore. and 10 alter and correct
the valuation Of any property which may
have been improperly valued, and to AZ.
sess the sSsne Is its true value. and to alter
and correct the account of any person
whose property or any part thereof may
have been omitted ia the former assess
ment, or may have been since acquired,
aud Il real estste or other property shall
from any cause have increased or dimin.
.shcd largely and materially in value since
the last levy, they shall correct, alter and
amend the assessment of the same as atore.
said, 50 "a u, canfarm to its present value
They shall also at any tine when SO dircc.
ted by the State Tax Commissioner, with
the concurrence OF the Attorney General,
isigDificd hy his opinion in wrting.) cor.
rect the assessment at the property in the
respective Counties aud in the City of Bal.
timore, By striking thcrefiom, any proper.
ty which they shall be instructed by the
said Tax Commissioner and Attorney Gen,
cral is not subject 10 taxation under the
laws Of this State or Of the United States
SEC ISL. At the time Of making the
returns OF Stockholders TO the County
Commissioners and Appeal Tax Court as
required by law; the President or other
proper officer Of every bank or other in.
corp0rated institution, shall furnish to tho
County Commissioners Of each County in
which such bank or other incorporated i'll
stitution shall own and possess any real
property, and to the Appeal Tax Court of
Baltimore city,it such bank or other ncor.
porated institution shall own and possess
uny real property in said City. a true state
mcnt of such real property situate or loca-
ted in such County or City, and such real
Fproperty shall be valued and assessed by
said County Commissioners and Appeal
Tax Court respectively, to the said bank
or Incorporated institution so owning the
same, and said County Commissioners and
Appeal Tax Court shall give duplicate GER
titicates of such valuation and assessment
to such President or other officer, who
shall transmit one of such duplicate with
bis return to the State Tax Commissioner,
and State. County or City Taxes shall be
levied upon and paid by such bank or 9th
err Incorporated institution on such assess.
ment in the same manner us the same are
levied upon. and paid by individual owners
of real property, in such County or City,
The State Tax Commissioner shall deduct
the assessed value of such real property nc
cordng to the certificates so furnished to
him from said County Commissioners and
Appeal Tax Court, from the aggregate
value of the Shares of Capital Stock of
such bank or incorporated institution, and
when thg vaiuation1n lSsGsshfGht' or Tic
Shares of Capital Stock of such bank OF
Incorporated institution shall have been
finally determined and made for. State