LAW Or MARYLAND.


no. 172.
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IN Ac! to aid IN paving the interest on TIC


public deb! Of Maryland.


Sect. l. De Il enacted jy Ike General
,2sssmJiy If .fin-y'ond, That from and
alter the passage OF his act there Shall be
levied tax Of onc-fnuit'l O: one per cen,
on the public debt Of the State OF Mary
land, Owned or held by non-resilen.s of
this State, assessed at he following val
uauons' So much of the said deb, as
bears an !n,9rcs. of six per cen. shall be
assessed al par, so ninch thereof rs bears
an interest o. five per cent shall be asses
sed at ninety dollars in the hundred. so
much thereof as bears all interest of four
and half per cent shat. be assessed at
eighty dollars in the hundred, and so
much thereof as bears all interest Of three
per cent shall bc assessed at sixty four
dollars in the hundred dollars, Which
said assessments sha! bc made by tie
Treasurer at the times hereinafter pre-
scribed for the payment Of the said tax.
Sect. 2. Ind be IL caacitd, That the
amount Of The said lax shall be collected
by the said Treasurcr's retaining it ou, of
he payment of Interest falling due on the
FIRST day Of July, in each and every year on
the said portion Oft the public dcbi; and that
instead Of aulhorising the Commissioners
of Loans to draw upon him fer the full
amount of the falling due on the said first
day ofJuly, the Treasurer shall authorse
draft for the balance only of the inieres,
due after deductlug the said tax on the
amour. Of which said lax shall then be
carried TO the credit Of the Slate, by the
said Treasurer.


Sect. 3. .2Ad be Il enacted, That all Acts
and parts of Acts inconsistent herewith
be, and the same are hereby repealed.
Sect. 4. Ind b. Il enacted, That this
Act shall lake effect from the passage
thereof


D. CLAUDE,


Treasurer of Maryland.


April, 26-3w.


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