1210 REVENUE AND TAXES. [ART. 81.

literary institutions in any county of this State, but not within,
any city or incorporated town in this State, nor to the ground,
not exceeding forty acres, appurtenant respectively thereto, which
is necessary for the respective uses thereof; nor to the property,
real or personal, of any corporation incorporated by this State,
and having a capital stock divided into shares, when said shares
only are subject to taxation under the laws of this State; nor to
any shares of stock in any corporation, when said shares of stock
are exempted by contract with this State from taxation under the
laws thereof; nor to any property of any corporation whose shares
of capital stock are exempted from taxation, when said property
is protected from taxation by the exemption of said shares from
taxation; nor to the shares of stock of railroad companies worked
by steam, incorporated by or under the laws of this State, which
are subject to State taxation upon their gross receipts within this
State, and to county and municipal taxation upon their respective
real and personal taxable properties in the respective counties and
cities of this State in which such respective properties are located;
nor to the value of such portions of the shares of homestead or
building associations as may be represented by mortgages upon
real or leasehold property within this State, when such real or
leasehold estate so mortgaged is subject to taxation under the laws,
of this State; nor to such mortgages when the reai or leasehold
estate so mortgaged is subject to" taxation under the laws of this
State; nor to mortgages upon property wholly within this State;.
nor to the mortgage debts secured thereby; but each and every one
of said exemptions from taxation shall be strictly construed.

Tax Cases, 12 G. & J. 117. Phil R R Co. v. Bayless, 2 Gill, 355. Gordon
v. Mayor, 5 Gill, 231. M & C C v. B & O. R. R. Co , 6 Gill, 290. Chauvenet
v. Comm'rs of A. A. Co , 3 Md 259. M. & C C. v. Greenmount Cemetery Co ,
7 Md. 617. Emory v. The State, 41 Md. 38. Co. Comm'rs B Sisters of Charity,
48 Md. 34. Appeal Tax Court v. Western Md. R. R. Co.—Same v.Union K. R.
Co., 50 Md. 276. Appeal Tax Court v. Rice, 50 Md 302. Appeal Tax Court B.
St. Peter's Academy, 50 Md. 322. Appeal Tax Court B Grand Lodge, &c., 50
Md. 422. Appeal Tax Court B. Balto. Cemetery, Co 50 Md. 433 Appeal Tax
CourtvB. Academy of the Visitation, 50 Md 438. Appeal Tax Court B Regents,
of Univ. of Md , 60 Md. 457. M. & C. C B Grand Lodge, &c., 60 Md. 280.

P. G. L., (1860,) art. 81, sec. 5. 1841, ch. 23, sec. 61. 1841, ch. 116, sec. 7.
1874, ch. 483, sec. 4. 1876, ch. 340.

5. No person who is not assessed to the sum of at least one
hundred dollars shall be required to pay any tax.