Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1878-05-23
NUAP1ER 17S.

TO add additional Sections to Article 81 of
the Code of Public General Laws, enll-
tied "Rcvcnue and Taxes" and to repeal
all laws inconsistent with the provisions
of sait Sections.
SECTION 1. BE it enacted by the Gen
cral Assembly of Maryland, that Additional
Sections be and the same are hereby added
to Article 81 of the Code Of Public Gencr-
al Laws, entitled "Rcvcnue and Taxes" to
read as follows:
SEC. 140. There shall be in the Treas
ury Department Tax Commissioner of
tie State of Maryland, 10 he appointed by
the Governor, Comptroller and Treasurer,
or majority of them, who shall take the
oath prescribed by the Constitution, and
Ghal hold his Office for four year from the
date of his qualification, and until the APP
pOintmcnt and qualification of his success
sor, and shall receive a salary Of twenty
five hundred dollars per annum,) as may
be audited by the Comptroller, who shall
issue his warrant for the payment of the
missioner shall assess for State purposes
the shares Of Capital Stock in all Banks,
State or National, Banking Associations,
or other Incorporated Institutions or Com
panies Incorporated under the authority OF
tins State, or located and doing blI,iucss
therein, whose shares of Capital Stock are
liable to assessment and taxation by the
laws of this State, and shall have all the
powers and perform all the duties in refer
cncc thereto which have heretofore de-
volvcd by law upon the Comptroller; be
shall report the assessment Of such Shares
of tie Capilni Stock to the Comptroller,
and said assessment shall be subject TO APP
peal and revision rs hereafter provided III
this Article He shall report the amount
of ,hc basis of assessment for State pur-
poses in the several Counties and City OF
Baltimore, with his suggestions in regard
to the snmc, to the General Assembly III
each regular session thereof and Shall per
form such other duties as may be pre-
scribcd by law
SEC. $50. The Couoty Commissioners
and appeal Tax Court, are directed annu'
ally to correct the ass, ssn mt OF the prop
crly in their respective counties and TIC
City of Baltimore, and 10 alter and correct
the valuation OF any property which may
have been improperly valued, and to as
scss the same AS its true value, and 10 alter
and correct the account of any person
whose property or any part thereof may
have been omitted in the former assess
mcnt, or may have been since acquired
and if real estate or other property shall
from any cause have increased or dlnlA
Ishcd largely and materially in value since
the last levy, they shall correct, alter and
amend the assessment of the same aS aiofc
said, 50 rs to conform to il present value
'TheY Shall also At any Time when so direc
ted by the STATE Tax Commissioner, viii
the concurrence Of the Attorney General
! (sigutird by bis opinion in wriling) cor
rect the assessment of the property in The
respective Counties and in the City Of Bal
timorc by striking th%:ciron, any proper
! " which they shai he inntrurlrd by TIC
said Fax Commissioner mud Attorney Gen
| cr.l is not subject TO taxation under tho
! l4Hs Of this State or Of the United States
SEC 15l At The time OF making thc
returns OF Stockholders to the County
Commissioners aud Appeal Tax Court aS
required by lew; the President or Other
proper officer OF every bank or other i'll
corporacd institution, ah'I Furnish To The
| County Commissioners Of each County III
|
| S,itulun shall Owu and possess any rca
property, and TO til" Appeal Tax Court Of
! Baltimore city,it such bank or other lncor
/ poratcl institution Shall UWn and posses
amy rca! property in said cay, a>rUc state
mCnt of such real property situate or loca'
| ted in such County or Guy, and such rca
properly shall be vaIQcl and assessed bs
sail County Commissioners H!.d tppca
| Tax Coult respectively, 10 the said baNE
OF Incorporated institution 50 owning Tho
same, aud said County Commissioners and
Appeal Tax Court shall give duplicate Ger
tiliCalcs of such valuation and assessment
to such President or other officer, who
shall transmit enc OF such duplicate will
his return To the State Tax Commissioner
and State, County or City faxes shah Et
levied upon and p&id by such bank or 9th
cr incorporated Institution ON such !SHe 5
mcnl, in the same manner t., ,he same ART
levied upon, AMI paid by individual owner
OF real property, in such County or Civ
The State Tax Commissioner shall drluc
hcasscHsrl value Of such real property &c
cOrdng to TIE certificates 50 furnished Il
him from said County Commissioners an,
Appeal Tax Court, from tue aggregate
value of the Shares Of CaTital stock q
such bank or incorporated institution ant
when the valuation and assessment OF thu
Shares Of Capital Stock Of such bank o
incorporated Institution shall have been
finally determined dnd made for Stat,
purposes, the State Tax COMMISSIONS
shall certify to the County Commissioner
Of each County where ANY CT the stock
holders may SO reside: and 20 tie Apprg
Tax Court of Baltimore City ,lfany Of suCl
Stockholders reside in said City, the as
scsscd value Of such shares Of stock ailc
dclucting the assessed valve OF such req
property Hs aforesaid the shares Of siOrt
held in such bank OF incorporated inStitu
ton owned 10y residents OF this State, sinai
for County or municipal purposes lie ynlucC
TO the owners thereof in the County orr lily
where such owners respectively reside, hH
the taxes assessed for State, County OF
municipal purposes shall be collected lroI
such bank Or Incorporated Institution, auI
when SO paid, may be charged by sue
bank or incorporated institution, to thu
amount of such stockholders respectively
SEC. 152 As soon as the State Tax Com
missioner shall have valued and assessed
the shares in the several banks and othc
corporations IN this State, he shall certify
and return the said valuation to the Comp
trOllcr of the Treasury W ho shall at once
proceed to notify the President, Cashier o.
other proper officer Of such banks or otLe
corporations, Of the said valuation and as
scssmcnt of their shares respectively, b,