WILLIAM T. HAMILTON, ESQUIRE, GOVERNOR. 33

	shares of such respective banks, corporations or joint stock companies, and the quotient shall be the tax-
	able value of such respective shares for State pur-
	poses, and when the valuation and assessment of the
	shares of the capital stock, or shares of such bank,
	corporation or joint stock company shall have
	been finally determined or made for State pur-
	poses, the State Tax Commissioner shall certify to
	the county commissioners of each county where
	any of such respective stockholders or shareholders
	may reside, and to the Appeal Tax Court of Balti-
	more city, if any of said stockholders or share-	Furnish as-
	holders reside in said city, the assessed taxable value	sessed taxa-
	of such respective shares of stock or shares so ascer-	ble value.
	tained as aforesaid, and the taxable value of such
	respective shares of stock or shares in such banks,
	corporations or joint stock companies owned by residents of this State and taxable within this State,
	shall, for county and municipal purposes, be valued
	to the owners thereof in the county or city in this
	State in which such owners shall respectively reside,
	but the taxes assessed upon said respective taxable
	values, of such respective share of stock, or shares,
	shall be collected from such bank, corporation or
	joint stock company, and when so paid shall be
	charged by such bank, corporation or joint stock
	company to the account of such stockholders or
	shareholders respectively; but it is expressly pro-
	vided that all railroad companies worked by stearn,
	incorporated by, or under the laws of this State, and
	doing business in this State, shall respectively be
	subject to an annual State tax of one-half of one
	per centum upon their respective gross receipts	How paid
	within this State, which shall be paid and collected	and collected
	in the manner provided by the act of eighteen hun-
	dred and seventy-four, chapter four hundred and
	eight; and the real and personal taxable property
	belonging to such respective railroad companies
	shall be subject to county and municipal taxation
	in this State in the respective counties and cities in
	which such property is located; and where such re-
	spective railroad companies are subject to such
	gross receipt tax for State purposes, their shares of
	stock and real or personal property shall not be
	subject to taxation for State purposes, and where
	such real and personal property of such respective
	3