ART. 81] VALUATION AND ASSESSMENT. 525

owners thereof in the county or city of this State in which such
owners may respectively reside.

The property, real and personal, of each and every railroad
company in this State, working its road by steam power, shall be
valued and assessed for county and municipal purposes in the
same manner as the property of individuals may be valued and
assessed under this article. The shares of capital stock of national
banks located in this State, and of all other corporations incorpo-
rated under the laws of this State, shall be valued and assessed to
the owners thereof residing in the city of Baltimore, and in the
several counties of this State, at the same rate at which the same
have been or shall be valued by the State tax commissioner for
the year 1896; subsequent valuation of said stock shall be made
in the manner now or hereafter provided by law; and it shall be
the duty of the State tax commissioner to furnish the assessors in
the city of Baltimore, and of the several counties with a copy
of the valuation so made of the shares of capital stock of each of
such banks, and each and every of such corporations of this State
for the year 1896; and the said assessors shall record in a
separate book all valuation and assessments of all shares of stock
of all corporations incorporated under the laws of this State,
having a capital stock, whether the same be divided into shares
or not, together with the names and residences of persons having
an interest therein, the amount of such interest; and upon the
completion of the assessment of all the taxable property in any
county of this State, or any assessment district of Baltimore city,
said book shall be delivered to the State tax commissioner for his
information and guidance in the discharge of his official duties;
and the valuation and assessment of said shares of stock shall not
be returned by the said assessors to the boards of county com-
missioners acting as boards of control and review for the several
counties and the boards of control and review of Baltimore city.
All bonds and certificates of indebtedness bearing interest, issued
by any railroad or other corporation of this State secured by
mortgage of property wholly within this State, belonging to
residents of this State, shall be subject to valuation, assessment
and taxation to the owner or owners thereof, in the same manner
as like bonds or certificates of indebtedness, bearing interest and
secured by mortgage of property partly in this State and partly