The Democratic advocate., 1882-02-18

SECTION I. Bc II enacted hy the General
assembly n Maryland, That all Investments
+ Of money bearing interest, secured by mort
gage or pledge of real. leasehold or personal
property, shall be liable 10 valuation and as
( scsSment to the owners thereof. in the same
manner as other investments or securities not
+ secured by such mortgage or pledge are now
liable to taxation in this state.
SECTION > Iad BE- u sHdcfoi. That it shall
be the duty of the Clerk Of the CircRit Courts
IN the several counties in this state, On or be-
fore the first day Of june next. to make out
aud deliver 10 the County Commissioners Of
their respective counties. true and correct
! list of all mortgages fled for record or r.-
( corded in the records Of their respective
counties within twelve years Immediately pre-
eeding the date Of the passage Of this Act, Of
which said mortgage M evidence sst RELEASE uE
payment has been entered Of record. and the
Clerk Of the Superior Court Of Baltimore City,
shall, on or before The said first day OF Junc
next make out and deliver To the judges 81
the Appeal Tax Court of said City. sFue and
correct list Of all mortgages filed for record o.
recorded ia the records Of said Superior Court
during the twelve years Immediately pnscea-
ing the date of tbs passage oi fhis Act, q.
which no evidence OF release or payment Is
entered Of record. which sad lists made oat
iy the said Respective clerks. shall show the
name sF names of the mortgaste ~ mort
gasecs. aud the name cr names Of the mort
gagov or megtgngurs in each mortgage. the
amount of the debt invested ia. nnd rreitcd so
De secursd b. such mortgage, the date of the
mortgage deed and tha dase from which ia.
ierest Commences to ran GA the dehi Tor Whish
said mortgage IS given, and i shal b. the daiy
of thr CoHnty Commissioners in the screFai
coansios. aud of iiiu Appeal Tax Court in Bal
iisanFe city. ialmediatelv On reeefpt ~ Salsi
lists "a pFsseec3 90 value aHd assess the sand
stsss4andiRz investments secancd hy mortgage,
h. the owners thereof. Ia the same mannsr a.
Investments ~ money in 0ihef pubile or pn
waite securities no, scared hy mottgsec or
pleslec arr waived and aSsesse-i ffuei,iesi.
thaf IN all eases vixen the nlurtTaEs- = giyew
huna hdc % secure ihe pavweus Vt one 81
moTe uapsid insalmcuis 81 thr eurgh base
money fer the laisd. ~ lensehnld Interest
land 81 leaseho1& interest sherssu, shali lv en-
titled tp q cnealf Tor the ampuni ~ sac& ua
paid pArciAss Eiafiss, bus the Investment ~
cured by sach muTieagc shall - Waived atit
ASSESSED o. Iht ssnrz thereof. and the stats
and eountx or cisy taxes properly levied thcFe-
on shall D. : BEN on ths ssia unEsid fHrchass.
mossey In ihr hands pf she nnFsrekuF saiii
paid.
SnTiox q. lad h Il cHleis8. That e shail
he the dssy ~ the severss clerks II tise tis-
cuis Cuurts ia the cuaniiss and ~ the SUP
rias Cuart of BALTIMORE eisy. nn ov before The
FIRST dsy of March. II the Yves eighties haa-
dred and cixhty-thrvs, and ga Ug leiprr the
sgss das uf Aarvh. in each 4Hcceesiiug war.
10 make cut and r,tufa to she ConnIs Cpu.
missioners ~ thcir several cosniirs, and 80
the Appeal Tax Cosgrs Il Baltita0re e7ty. a
true asia correct list ~ al outstanding moEt-
gaEes hisd tuF rcauFsi ~ reeuuiest ;n tActF re-
sttcetiyr oa5ces. from ihe date q tie last rFe.
cesiiBg regurn. 70 che sid 6rst slay - March,
uF whieh no evidcHca ~ rslensF er patutrHf j.
entered 81 recoFsi, a9d !, shall = ths dais q
The Iouais Commissioner aud AIg@ral Tax
Cu0gs le value and ss.sss the SAID insrst
gaeHts to the osncfs thcrcoi, ~ aforesaid.
Su-TtnS 4 iMi ts u gassrfesf, That afs8a
satisfactory proof u the a.sizauscHt of aag in.
vestnicus q money ssrarcl by usartgaE, tnfss
the iarner ewaeF fheYepg - sapther rsrsCs es
corporation, ssade ip ihe Guasiy Comn'ss5na-
ess og Appeal Tax teurs. az she time ap
pointed for haaksng transfers and heHring sF.
peala ia aay war, the ssii CeaniF Cusumis-
sioners DF Appeal Tax Gours. as ihs osse aaay
b. shall cause such investment 81 hc charged
81 the present owner thereof, and shali credit
the feFuisr owner ef the saule. and when
recqrsl nF uyleasc OF osher satisfactory eySaercr
81 payment IL furnished fo them, ,hr ssid
Ceanty Commissioners or ApIeal Iax Cosri
shall cansc the proper cscaiS tG b, glyea a. "a
ess-e II ether public or private securities,
which have heea paia otf and cancelei
SerTioS 3. lad i.s ifesagtoi, That the Aei
passed al January session, 1870, chapter ssi.
entitled an Acs 10 ainend the Act IT lsss.
chapter sti, r4lating ~ the yaluAtion and
sessmeni II property IA tlsis STATE, aud all eth
Ct laws OF parts 0f laas heretofore passed for
the exemption Of megtgagc debts fgtssn TAXA
iion IN this state, which arr Inconsistent ulth
the provisions Of lhis Act. BE-. and the same
arc hereby, repealed; anl that this Act shail
take effect from aud aner the date II iis
passsge.