EDWIN WARFIELD, ESQ., GOVERNOR.

611

for the redemption of the Penitentiary Loan; a tax of one-

eighth of one cent on each one hundred dollars to meet the

interest and create a sinking fund for the redemption of the

Insane Asylum Loan ; a tax of one-half of one cent on each one

hundred dollars to meet the interest and create a sinking fund

for the State Building and Improvement Loan ; a tax of two

and seven-eighths cents on each one hundred dollars to meet

the interest and create a sinking fund for the redemption of

the Consolidated Loan of 1899; a tax of three-fourths of one

cent on each one hundred dollars to meet the interest and create

a sinking fund for the redemption of the State Loan of 1902 ;

and a tax of two cents on each one hundred dollars to meet the

interest and create a sinking fund for the redemption of the

Public Buildings Loan, making an aggregate of twenty-three

State tax to be

and one-half cents on each one hundred dollars; and the

23 1/2 cents on
each $100.

Comptroller of the Treasury shall levy the same State taxes

on the shares of the capital stock of all banks, State and na-

tional, and other incorporated institutions and companies of

this State, the shares of whose capital stock are liable by law to

assessment and taxation.

SEC. 2. And be it enacted, That this Act shall take effect

from the date of its passage.

Approved April 7, 1904.

CHAPTER 344.

AN ACT to incorporate the Baltimore, Annapolis and Bay-

side Electric Railway Company.

SECTION 1. Be it enacted by the General Assembly of Mary-

Baltimore, An-

land, That John F. Williams. Walter R. Townsend, Leon

napolis and
Bayside Rail-

Sauer, Frank S. Revell, Frank M. Duvall, G. Thomas Beasley,

way Com-
pany.

Charles W. Green, William N. Woodward, William H. Moss

and George T. Melvin, and all the other persons who shall here-

after become stockholders in the company hereby incorporated,

shall be a body corporate by the name of the Baltimore, Annap-

olis and Bayside Railway Company, and by that name shall

have perpetual succession.

SEC. 2. And be it enacted, That the said corporation under

Corporation
capable in

the above name shall be capable in law of purchasing, holding,

law.

possessing, selling and conveying property, real, personal and

mixed, for the purpose hereinafter mentioned, and by said

corporate name may sue and be sued, and make, have and use