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1044 JOURNAL OF PROCEEDINGS [Mar. 23,
associations as may be represented by mortgage upon
real or leasehold property within this State, when such
real or leasehold estate so mortgaged is subject to
taxation under the laws oi this State; nor to mortgage
debts secured thereby; nor to mortgages wholly within
this State; nor to the mortgage debts secured thereby,
except bonds and certificates of debts bearing interest,
issued by any railroad corporation or other corpora-
tion of this State, secured by mortgage of property
wholly within this State, which shall be liable to
assessment and taxation as provided in section 88 of
this Article; nor to the tools or machinery or plant of
individuals or of corporation's actually engaged in the
business of manufaciuring, for a period of five years
from the beginning of their respective operations; but
this exemption shall not continue for a longer period
than such five years, nor shall it be extended to the
machinery or plant of individuals or corpoiations
actually engaged in the printing and publishing of
newspapers, nor to the property or plant of gas and
electric light companies; aud all public general and
public local or special laws inconsistent with these
provisions are hereby repealed; and each and every
one of said exemptions from taxation shall be strictly
construed.
141. At the time of making the returns of stock-
holders to the County Commissioners and Appeal Tax
Court of Baltimore city, as required by law, the presi-
dent or other proper officer of every bank or other in-
corporated institution incorporated under the laws of
this State, or doing business therein, and of every joint
stock company doing business in this State, shall
furnish to the County Commissioners of each county
in which such bank or other incorporated institution,
or joint stock company, shall own or possess any real
property, and to the Appeal Tax Court of Baltimore
city, if such bank or other incorporated institution,
or joint stock company, shall own or possess any real
property, and to the Appeal Tax Court of Baltimore
city, if such bank or other incorporated institution or
joint stock company shall own or possess any real
property in said city, a true statement of such real
property, situated or located in such county or city;
and such real property shall be valued and assessed by
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