REVENUE AND TAXES. 2571

are or shall be the gift of any person who is a non-resident of this State,
or of any corporation not chartered by this State to any such hospital,
asylum, or educational institution of this State, to enable it to carry on
or extend its charitable or benevolent objects, or to promote public educa-
tion or the advancement of knowledge by scientific investigation and
research.

An. Code, sec. 4B, 1918, ch. 201. 1920, ch. 390. 1922, ch. 193. 1924, ch. 458.

7. No real estate or any estate therein, heretofore or hereafter acquired
and held for future use, and not for investment by any hospital or asylum
nor organized or conducted for profit, shall be subject to State, County or
Municipal taxation, for a period of four years dated from January 1, 1924.

1920, ch. 428. 1924, ch. 142.

8. For the year 1924 and thereafter, all property whatsoever, real or
personal, and the rents, issues, and income thereof, owned or acquired by
the Veterans of Foreign Wars of the United States, chartered by special
Act of Congress, The American Legion, a body corporate chartered by an
Act of Congress of the United States, approved the 16th day of Septem-
ber, 1919, and the Disabled American Veterans of the World War, an
organization chartered by the State of Ohio in 1921, or any department,
state or local unit, chapter, branch or post, of said organizations, incor-
porated or unincorporated, shall be exempt from State, county and munici-
pal taxation; provided such property is used exclusively for homes, clubs,
asylums, hospitals and burying grounds of the said Organizations, and
the maintenance thereof.

1924, ch. 264, sec. 4D.

9. All vessels of over five hundred (500) deadweight tons registered
at any port in this State and owned by an American citizen, partnership
or association, or by any corporation incorporated under the laws of the
State of Maryland, regularly engaged in foreign or coastwise commerce,
between any port in the State of Maryland as the port of origin and termi-
nus of their respective voyages and any other port or ports beyond the
limits of the Chesapeake Bay and its tributaries, are exempted from all
taxation in this State for State or local purposes; and, in ascertaining or
determining the aggregate value and the taxable value of shares of the
capital stock of any corporation incorporated under the laws of this State,
in the manner provided in Section 166 of this Article, the value of such
vessel property owned by any such corporation shall be excluded, anything
in said Section 166 to the contrary notwithstanding, until and includ-
ing December 31st, 1935; provided, however, that nothing in this Act.
shall be held or construed to alter, affect or repeal in any way the provi-
sions of Article 23, Section 109 of the Annotated Code of Maryland as
now enacted or any amendment or amendments thereto which may here-
after be made or enacted.