784

LAWS OF MARYLAND.

the ground appurtenant thereto, in any city or incorporated

town of this State which are necessary to the respective uses

thereof, nor to the buildings, equipments and furniture of hos-

pitals, asylums, charitable or benevolent institutions of any

county in this State, but not within any incorporated city or

town of this State, nor to the ground not exceeding forty acres

appurtenant respectively thereto which are necessary for the re-

spective uses thereof, nor to the buildings, furniture, equipment

or libraries of incorporated educational or literary institutions or

to the grounds appurtenant thereto in any city or incorporated

Educational or
literary insti-

town of this State which are necessary for the respective uses
5 thereof, nor to the buildings, equipment or libraries of incor-

tutions.

porated educational or literary institutions in any county of

this State, nor to the ground not exceeding forty acres appur-

tenant thereto which are necessary for the respective uses

thereof, nor to the personal property of any corporation by

this State and having capital stock divided into shares when

said shares of said corporation are subject to taxation under

the laws of this State, nor to the shares of stock of railroad

companies working their roads by steam power, incorporated

by or under the laws of this State which are subject to taxation

upon their gross receipts within this State, and to county

and municipal taxation upon their respective real and personal

property in the respective counties and cities of this State,

in which such respective properties are located, nor to the book

accounts or bills receivable or evidences of debt given for such

accounts of any person engaged in commercial business who

is taxed upon the fair average value of his stock of goods,

wares and merchandise ; and every person engaged in commer-

cial business shall be taxed upon the fair average value of his

Strict con-

stock in such business during the year preceding the assess-

struction of
exemotions.

ment upon which such tax is levied; and each and every one

of said exemptions from taxation shall be strictly construed.

Does not af-

SEC. 2. And be it enacted, That this Act shall not be con-

fect taxes.

strued to affect the tax levies for the year 1904.

Approved April 8, 1904.

CHAPTER 461.

AN ACT to repeal and re-enact with amendments Section

56A of Article 19 of the Code of Public Local Laws, title

"St. Mary's County," sub-title "Justices of the Peace."

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

land, That Section 56A of Article 19 of the Code of Public