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1892.] OF THE HOUSE OF DELEGATES. 1395
any other State or States, the assessors or other proper
tax officials whose duty it shall be to assess said rolling
stock under the provisions of this section, shall observe
the following rules in ascertaining the assessable value
of said rolling stock, that is to say, the value of said
rolling stock for the purposes of taxation shall bear
the same proportion to the total value of said rolling
stock which the mileage of said railroad in Maryland
bears to its total mileage; this proviso is not to
apply to such rolling stock as is permanently located
within the limits of Maryland.
Section 180, line 55, insert after the word "each"
the following words: "All bonds, certificates of indebt-
edness or evidences of debt, in whatsoever form made
or issued by any public or private corporations incor-
porated by this State, or any other State, Territory,
District, or foreign country, not exempt from taxation
by the laws of this State and owned by residents of
Maryland, shall be subject to valuation and assessment
to the owners thereof in the county or city in which
such owners may respectively reside; and they shall
be assessed and valued according to the rate of interest
therein stipulated to be paid, that is to say, such of
said bonds, certificates of indebtedness, or evidences
of debt as bear an interest of six per centum, shall
be assessed at par; such a-s bear an interest of
five per centum shall be assessed at eighty-five
dollars in the hundred dollars; such as bear an
interest of four and one-half per centum at eighty dol-
lars in the one hundred dollars, and such as bear an
interest of three per centum at sixty-four dollars in
the hundred dollars, and such as bear an interest at a
rate not named in this section, shall be assessed and
valued at a corresponding reduced value if the rate of
interest be less than six per centum, and at a corre-
sponding increased value if the rate of interest is
above six per centum, and such upon which no interest
shall be actually paid shall not be valued and assessed
at all."
Section 183, line 9, insert after the word "assessors"
the following words : "Appointed under this Act, and
in the year eigteen hundred and ninety six, and every
fourth year thereafter the respective Boards of County
Commissioners of the several counties of this State in
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