1208 REVENUE AND TAXES. [ART. 81.

the same may be hereafter provided by law; all shares of stock,
or shares in any bank, other than a national bank, or in any com-
pany or corporation incorporated by or located in and doing busi-
ness in any other State, or in any territory or country, owned by
residents of this State; all bonds, made or issued by any State,
owned by residents of this State; all bonds made or issued by any
territory or by any corporation, belonging to residents of this
State; all investments in private securities of every kind and
description, belonging to residents of this State; the real property
located in this State, and the personal property owned by any
corporation incorporated by this State, not having a capital di-
vided into shares, or having shares of capital stock which are
wholly or in part exempted from taxation by this State, when the
said real or personal property so owned by said corporation is not
protected from taxation by the exemption of said shares of stock
from taxation; and all other property of every kind, nature and
description, within this State, shall be valued to the respective
owners thereof in the manner prescribed by this code, and
shall be assessed and taxed as the property of such respective
owners, according to such prescribed methods of valuation, except
as provided in section 4 of this article.

Tax Cases, 12 G & J 117. Burgess v. Pue, 2 Gill, 11. Ibid , 2 Gill, 254.
State v. Mayhew, 2 Gill, 487 Howell v. The State, 3 Gill, 14 Gordon B. M &
C C of Balto , 5 Gill, 239 Hooper v. M & C. C., 12 Md 464 O'Neal s. Va &
Md Bridge Co , 18 Md 1 Latrobe v. 31 & C C., 19 Md. 13. M & C. C. v. Stir-
ling, 29 Md. 48. Stdddert v. Ward, 31 Md 562. Buchanan v. Co Comm'rs of
Talbot Co , 47 Md 286 Co Comm'rs of Fredk Co. v. Farm & Mech Natl.
Bk , 48 Md, 117. Appeal Tax Court v. Western Md R E. Co —Same v. Union
R R Co , 50 Md. 276 Appeal Tax Court v. St Peter's Academy, 50 Md 322.
Appeal Tax Court v. Patterson, 50 Md 354. Appeal Tax Court v. Gill, 50 Md.
377. P W & B R E Co v. Appeal Tax Court, 50 Md 307 Appeal Tax
Court v. N. C R W Co , 50 Md. 417. Gunther v. M. & C. C., 55 Md. 457.
Bonaparte v. State, 63 Md 465.

1882, ch. 460.

3. All certificates of indebtedness or evidences of debts in
whatever form, made or issued by any State, territory, county,
public corporation or foreign country, shall be subject to valua-
tion and assessment to the owners thereof, in the county or city in
which such owners may respectively reside.
Bonaparte v. State, 63 Md. 472.