24

LAWS OF MARYLAND.

ters so in controversy, and it having been represent-

ed to this General Assembly that the said Northern

Central railway company, for the purpose of mak-

ing such settlement, is willing to pay a tax of one-

half of one per centum on the gross receipts within.

this State, upon the terms and conditions hereinafter

set forth ; now, therefore —

SECTION 1. Be it enacted by the General Assem-

Possess, pow-

bly of Maryland, That the Northern Central rail-

er, rights, &c.

way company shall have and possess all the powers,

rights, privileges and immunities, and be subject to

all the duties and obligations which are expressed in

the Act of Assembly of Maryland of eighteen hun-

dred and twenty-seven, chapter seventy-two, entitled

an act to incorporate the Baltimore and Susque-

hanna railroad company, but all the franchises and

Gross re-
ceipts subject

property of every description and gross receipts of
said Northern Central railway company, within the

to taxation.

State of Maryland, shall be subject to taxation for

State purposes to the extent of an annual tax of one-

half of one per centum upon the gross receipts from
its railroad and branches lying within the State of

Maryland, and from all other sources within this

State, and said franchises, property and gross re-

ceipts shall not be subject to any other tax under the
laws of the State of Maryland ; provided, however,

that all such property, works and structures of the

said Northern Central railway company, which are

or may be taxable within the meaning of the deci-

sion of the Court of Appeals of Maryland render-

ed in the year eighteen hundred and seventy-eight

in the case of the State of Maryland against the

Baltimore and Ohio railroad company, shall be sub-

ject to taxation for county and municipal purposes

in the same way and to the same extent as the prop-

erty of individuals.

SEC. 2. And be it further enacted, That this act

When effec-

shall not take effect until the said the Northern

tive.

Central railway company shall have paid to the

Treasurer of the State of Maryland the sum of

twenty-nine thousand seven hundred and sixty-two

dollars and fifty-six cents, as mentioned in the third

section of this act, nor until this act and all its pro-