1880 REVENUE AND TAXES. [ART. 81

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. 120, sec. 194. 1896, ch. 143, sec. 201.

210. 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, territory, 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 assessment to the owners 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 valuation 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 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 valid 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 those 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.

Frederick Co. v. Frederick City, 88 Md. 654. Balto. City v. Johnson, 96
Md. 745.

1902, ch. 486, sec. 221.

211. 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