540 REVENUE AND TAXES. [ART. 81

shares of such banks, corporations or joint stock companies shall
have been finally determined or made for State purposes, the
State tax commissioner shall certify to the county commissioners
of each county where any of the stockholders or shareholders
may reside, and to the Appeal Tax Court of Baltimore city, if any
of said stockholders or shareholders reside in said city, and to the
county commissioners of the county in which such bank, corpora-
tion or joint stock company is situated, or to the Appeal Tax
Court of Baltimore city, if it is situated in said city, the assessed
taxable value of such respective shares of stocks, or shares so
ascertained as aforesaid. And the said taxable value of such
respective shares of stock or shares in such banks, corporations
or joint stock companies, owned by residents of this State, and
taxable within this State, shall for county and municipal purposes
be valued to the owner thereof in the county or city in this State
in which such owners shall respectively reside, and the said tax-
able value of such of said stock or shares as are held by non-resi-
dents of this State shall for county and municipal purposes be
valued to the owners thereof in the county or city in which said
bank, corporation or joint stock company is situated; but all
county or municipal taxes assessed upon said respective taxable
value of such respective shares of stock or shares shall be col-
lected from such bank, corporation or joint stock company, and
when so paid shall or may be charged by such bank, corporation
or joint stock company to the account of such stockholders or
shareholders, respectively; but it is expressly provided that all
railroad companies working their roads by steam power incor-
porated by, or under the laws of this State or any other State,
territory, District of Columbia or foreign country and doing
business in this State, shall, respectively, be subject to the annual
State tax upon their respective gross receipts within the State,
prescribed by section 146, which shall be paid and collected in a
manner provided now or hereafter by law, and the real and per-
sonal taxable property belonging to such respective railroad com-
panies shall be subject to county and municipal taxation to this
State in the respective counties and cities in which such property
is located; and where such respective railroad companies are sub-
ject to such gross receipts tax for State purposes, their shares of
stock and real or personal property shall not be subject to taxa-