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321
"Sec. —. Laws shall be passed by the Legislature taxing,
by a uniform rule, all moneys, credits, investments in bonds,
stocks, joint stock companies or otherwise, and also all real
and personal property, according to its true or actual value
in money, and the tax payable thereon shall be paid to the
county or city where the same is located at the time cf its
assessment or valuation, and the location of all stocks, bonds
or other evidence of debt shall be in the county or city where
the principal office of transacting the business of such com-
pany or corporation is located; "
The Convention then proceeded to the consideration of the
39th section of said Report.
The amendments submitted by Messrs. Duvall and Parran,
on yesterday, were severally withdrawn.
On motion of Mr. Stockbridge,
The vote by which the amendment to said section, as sub-
mitted by Mr. Ridgely, was adopted on Saturday, was re-
considered .
The question being upon the adoption of the following
amendment as submitted by Mr. Ridgely, viz:
Strike out the section as reported, and insert the following:
"Sec. 39. The Governor, Comptroller and Treasurer of the
State, are hereby authorized conjointly, or any two of them,
to sell from time to time according to their best judgment the
State's interest in the works of Internal Improvement, wheth-
er as stockholder or creditor, also the State's interest in any
Banking Corporation, and to apply the proceeds arising there-
from towards the payment of the public debt of the State;
and after the public debt shall have been fully paid off, or
the sinking fund shall be equal to its liquidation, the excess
of such sales shall be set apart as a permanent fund for the
support of public education; provided however, that the
•power hereby conferred, shall only be exercised when the
proceeds of such sales can be converted into a like amount of
the public debt; and provided further, that the State's interest
in the Washington Branch of the Baltimore and Ohio Rail
Road, shall be and is hereby reserved and excepted from the
sale hereby authorized; and provided further, that the State's
interest in or claim against other works of internal improve-
ment in the State, may be sold upon the best terms which
may be obtained for the same. "
Mr. Thomas submitted the following amendment to said
amendment:
41
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