178

LAWS OF MARYLAND.

of Public General Laws of the State of Maryland,

entitled 'Revenue and Taxes,' and to re-enact the

same with amendments," as the same were re-enact-

ed and amended by the act of eighteen hundred and

seventy-eight, chapter four hundred and thirteen, be

amended and re-enacted as amended, so that the said

second and third sub-sections, as amended, shall read

as follows :

SUB-SECTION 2. All interests, shares or proportions
owned by residents of this State in all ships or other

vessels registered in a port of Maryland, whether

such ships or other vessels be in or out of port, are

Subject to as-

and shall be subject to valuation and assessment to

sessment.

the respective owners thereof in the county or city,

in this State, in which such owners shall respective-

ly reside; all real property in this State belong-

ing to any bank incorporated under the laws of this

State, or of any other State, or to any National bank

located in this State, or to any company or corpora-

tion incorporated by or under the laws of this State,

or of any other State, or under the laws of the

United States, or of any Territory, or to any joint

stock company doing business in this State, are and

Levy taxes.

shall be subject to valuation, assessment and levy of

taxes thereon for State, county and municipal pur-

poses by the county commissioners of the respective

counties in which such real property is situated, or

by the Appeal Tax Court of Baltimore city, if such

real property is located in said city, as the property

of such bank, company, corporation or joint stock

company, and such bank, company, corporation or

joint stock company shall pay the taxes thereon so

assessed and levied.

All shares in any joint stock company, and all

shares of stock in any bank, incorporated under the

laws of this State, or in any National Batik located

in this State, or in any corporation incorporated un-
der the laws of this State, other than railroad com-

panies working their respective railroads by steam-

power, not exempted from taxation by irrepealable

Subject to as-

contract with this State, are and shall be subject to

sessment.

valuation and assessment to the owners thereof in

the county or city in this State in which such own-

ers may respectively reside, in the manner provided

for by the laws of this State ; and the taxable values