Section 3. Tax on bank stock
All the shares of national banks located within this State, and of banks and savings institutions incorporated by this State, shall be taxable for state purposes at the rate of three mills per annum upon the assessed value thereof; and for county, school, municipal and local purposes, at the same rate as now is or may hereafter be assessed and imposed upon other moneyed capital in the hands of individual citizens of this State. 1870, March 31, P.L. 42, Sec. 3.