PHILLIPS LEE GOLDSBOROUGH, GOVERNOR, 401

CHAPTER 208.

AN ACT to repeal section 72 of Article 21 of the Code of Pub-

lic Local Laws of Maryland, title "Talbot County," sub-title

"Easton," as passed by the General Assembly of Maryland at
January Session of 1906, Chapter 458, and to re-enact the
same with amendments.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That section 72 of Article 21 of the Code of Public Local
Laws of Maryland, title "Talbot County," sub-title "Easton,"
as passed by the General Assembly of Maryland at the January
Session of 1906, Chapter 458, be and the same is hereby
repealed and re-enacted so as to read as follows:

72. The Mayor and Council shall have full power and
authority to levy annually upon the assessable property of the
town by direct tax, with full power to provide by ordinance for
the collection of the same, such sum of money not exceeding
sixty cents on the one hundred dollars of the assessable prop-
erty within, the limits of the town, as may be necessary in its
judgment for the purpose of defraying the expenses of said
town over and exclusive of all expenses, charges and sums of
money which it is or shall be required by law to collect for
other purposes, subject to the provisions and limitations herein
contained; to levy and collect taxes upon every description of
property found within the corporate limits of said town, which
is now authorized by law to levy taxes upon for the purpose
of defraying the expenses of the town government, whether
the owners thereof reside within or without the limits of said
corporation; provided, that no stocks, bonds, mortgages, certi-
ficates or other evidences of indebtedness of any bank or other
corporation situate within the limits of said town which, are
owned or held by persons residing without said limits and
within the State of Maryland shall be subject to taxation
for the purpose above set forth; and provided, further, that no
authority is given by this section to impose taxes on any prop-
erty which is now or may hereafter be exempt from taxation by
any general or special act of the General Assembly of Mary-
land, nor upon any property which may be stored in the town
for temporary purposes. They may provide by general ordi-
nance, whenever it shall seem expedient, for the encouragement
of the growth and development of manufactures, manufactur-
ing industries in said town, for the abatement of any or all
taxes levied by authority of the said Mayor and Council of
Easton, or by ordinance thereof, for any of the corporate uses