648
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LAWS OF MARYLAND.
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of any description; or to fish while in the posses-
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sion of the fishermen employed in catching, salting
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and packing the same ; or while in the possession
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of their agents unsold ; or to the buildings, equip-
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ment and furniture of hospitals, asylums, charitable
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or benevolent institutions, or to the ground appur-
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tenant thereto, which may be necessary for the
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respective uses thereof, or to the buildings, furni-
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ture, equipment or libraries of incorporated Educa-
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tional or Literary Institutions, or to the ground
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appurtenant thereto, which may be necessary for
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the respective uses thereof; nor to the property,
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real or personal of any corporation, incorpprated
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by this State, and having a capital stock divided
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into shares, when said snares are subject to taxa-
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tion by this State as the property of the owners
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thereof; nor to any shares of stock in any corpora-
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Exemptions
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tion when said shares of stock are exempted from
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from taxation
to be strictly
construed
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taxation ; nor to any property of any corporation
whose shares of capital stock are exempted from
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taxation, when said property is protected from
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taxation by the exemption of said shares from taxa-
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tion ; but each and all of said exemptions from
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taxation shall be strictly construed.
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In force.
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SEC. 2. And be it enacted, That this act shall take
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effect from and after the date of its passage.
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Approved April 5, 1878.
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