INDEX.

1841

Chap.

Sec.

rance or other corporation, usually termed

a monied institution, is situated at the

place it which the principal office for trans-

acting the business of such corporation is

situate; and that the stock of a manufactu-

ring corporation is situated at the place

where the works of such corporation, &c.

shall be conducted; and that the stock of a

turnpike, rail road or canal, &c. is situated

at that particular point, etc. on the line of

its improvements, or where one of its ter-

mini, etc. shall be established,

23

16

VALUATION AND ASSESSMENT OF PROPERTY

IN THIS STATE— That for the effectual collection of the

taxes assessed on stock of private corpora-

lions held by non-residents, the president

or other proper officers liable to valuation,

shall make out and deliver to the assessors

of the proper county, etc. an account of

the stock of said corporation held by non-

residents, the same to be valued at its ac-

tual cash value, to and in the name of such

stockholders respectively; but the tax asses-

sed on such stock shall be levied and col-

lected from such corporation unless paid by

such stockholders, and shall be charged to

the account of such non-resident stock-

holders, and shall be a lien on the stocks

held by such stockholders respectively,

"

17

The assessors may require the account of

stork furnished as aforesaid, to be verified

by the oath of the proper officer of the cor-

poration, or may require that the stock

books shall be opened for inspection,

"

18

The assessors to enter upon their duties

on or before the first Monday of May, 1841,

and to proceed with all reasonable despatch,

so that the same may be completed before

the first Monday of October, 1841, and re-

turn to the levy court, etc. on or before the

third Monday of October, a certificate in

writing of particulars of property and va-

luation, etc. the assessors in the city of

Baltimore, shall in their return, designate