WILLIAM T. HAMILTON, ESQUIRE, GOVERNOR. 181

	of stock are exempted by contract with this State
	from taxation under the laws thereof; nor to any
	property of any corporation whose shares of capital
	stock are exempted from taxation, when said prop-
	erty is protected from taxation by the exemption of
	said shares from taxation ; nor to the shares of stock
	of railroad companies worked by steam, incorporated
	by or under the laws of this State, which are sub-
	ject to State taxation upon their gross receipts within this State, and to county and municipal taxation upon
	their respective real and personal taxable properties
	in the respective counties and cities of this State in
	which such respective properties are located ; nor to
	the value of such portions of the shares of home-
	stead or building associations as may be represented	Not to apply
	by mortgages upon real or leasehold property within this State, when such real or leasehold estate so mort-	to building associations, &c.
	taged is subject to taxation under the laws of this
	tate ; nor to such mortgages, when the real or lease-
	hold estate so mortgaged is subject to taxation un-
	der the laws of this State ; nor to mortgages upon
	property wholly within this State ; nor to the mort-
	gage debts secured thereby, but each and every one
	of said exemptions from taxation shall be strictly
	construed.
	SEC. 2. And be it enacted, That all acts, or parts	Inconsistent
	of acts, which are inconsistent with the provisions	acts repealed.
	of this act, be and the same are hereby repealed.
	Approved March 30, 1880.