JOINT RESOLUTIONS.

705

shall be necessary for the purposes thereinafter

mentioned, and no further"; "and shall have, enjoy

and may exercise all the powers, rights and

privileges which other corporate bodies may law-

fully do, for the purposes mentioned in this act;"

and in section twenty-one of the same act, " that

the provisions of this act shall be wholly in force,

as to all the property of the company which may

be situated or may be within the State of Mary-

land, and which said company is permitted to

hold under this act;" and

WHEREAS, The said/company has acquired and holds

within the State of Maryland, a large amount of

Preamble.

property, real and personal, not only for the man-

ufacture of railroad material, locomotives and

other rolling stock, but also for many other kinds

of manufacture, for hotels, for grain elevators and

warehouses, for wharves and docks, engaging in

the business of warehousemen and wharfingers,

of hotel keepers, and manufacturers of railroad

material, and many other descriptions of mer-

chandize, none of which are purposes contemplated

within the said act, or any of its supplements for

which said company was to be permitted to hold

property; and

WHEREAS, The said company is also understood to

hold large amounts of property, real and personal,

Preamble.

not used for any of the purposes contemplated in

said act, or any of its supplements, but merely as

an investment; and

WHEREAS, By a misapprehension of the rights and

Preamble.

powers of the said company, the properties here-

inbefore referred to, and much other, have hereto-

fore escaped taxation for State, county and

municipal purposes.

45