ART. 81] MODE AND MEASURE OF ASSESSMENT AND TAXATION. SYS

provided, however, that nothing contained in this section shall
be held or construed to waive, release or otherwise interfere with
the valuation and assessment, for purposes of taxation, of any
bonds, secured by such mortgage, in the hands of the holders
thereof, resident in this State, respectively, as directed in the
case of other bonds by this article.

1896, ch. 143.

201. All bonds, certificates of indebtedness or evidence of
debt in whatsoever form made or issued by any public or private
corporation incorporated by this State or any other State, terri-
tory, district or foreign country, or issued by any State (except
the State of Maryland, ) territory, district or foreign country not
exempt from taxation by the laws of this State, and owned by
residents of Maryland, shall be subject to valuation and assess-
ment to the owner thereof in the county or city in which such
owners may respectively reside, and they shall be assessed at their
actual value in the market, and such upon which no interest shall
be actually paid shall not be valued at all, and upon such valua-
tion the regular rate of taxation for State purposes shall be paid,
and there shall also be paid on such valuation thirty cents (and
no more) on each one hundred dollars for county, city and muni-
cipal taxation in such county or city of this State in which the
owner may reside. All shares of stock or shares in any bank
other than a national bank, or in any company or corporation
incorporated by or located in and doing business in any other
State, or District of Columbia, or in any territory or foreign
country owned by residents of this State, shall be valued and
assessed for the purpose of State, county and municipal taxation
to the owners thereof in the county or city in which such owners
may reside, and said shares shall be assessed and valued at their
actual value in the market and upon which no dividend shall be
actually paid shall not be valued at all, and upon the valuation
so made the regular rate of taxation for State purposes shall be
paid, and there shall also be paid on such valuation thirty cents
(and no more) on each one hundred dollars for county, city and
municipal taxation in such county or city of this State in which
the owners may reside.