ART. 81] VALUATION AND ASSESSMENT——TAXATION. 1793

of Baltimore city, said book shall be delivered to the State
tax commissioner for his information and guidance in the dis-
charge 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 commissioners 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 taxa-
tion 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
in some other State or States are now subject to valuation and
assessment under the laws of this State. All other property
of every kind, nature and description within this State, except
as provided by section 4, shall be valued and assessed for
the purpose of State, county and municipal taxation to the
respective owners thereof in the manner prescribed by this
article; provided nothing contained in this section or article
shall repeal, modify or affect sections 89—91 relating to the
taxation of savings banks, or sections 214—224, both inclusive,
relating to the taxation of distilled spirits.

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 Statfi, 3 Gill, 14. Gordon v
M. & C. C. of Balto., 5 Gill, 239. Hooper v. M. & C. C., 12 Md 464. O'Neal
v. Va. & Md. Bridge Co., 18 Md. 1. Latrobe v. M. & C. C., 19 Md. 13. M.
& C C. v. Stirling, 20 Md. 48. Stoddert v. Ward, 31 Md. 562. Buchanan v.
Co. Comm'rs of Talbot Co., 47 Md. 286. Co. Comm'rs of Fredk. Co. v.
Farm, and Mech. Nat'1 Bank, 48 Md. 117. Appeal Tax Court v. Western
Md. R. H. Co.—Same v. Union R. R. Co , 50 Md. 276. Appeal Tax Court
13. St Peter's Academy, 50 Md. 322. Appeal Tax Court v. Patterson, 50 Md.
354. Appeal Tax Court v. Gill, 60 Md. 377. P. W. & B. R. R. Co. v. Appeal
Tax Court, 50 Md. 397. 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. Tasker
v. Garrett Co., 82 Md. 154. Simpson v Hopkins, 82 Md. 491. Myers v
Balto. Co , 83 Md. 387. Crown Cork and Seal Co. v. State, 87 Md. 696.
Balto City v. Johnson, 96 Md. 741. Dry Dock Co. v. Balto. City, 97 Md.
103.

1888, art. 81, sec. 3 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-