418 LAWS OF MARYLAND. [CH. 225

mediate preservation of the public health and safety, and being
passed by a yea and nay vote, supported by three-fifths of all
members elected to each of the two Houses of the General As-
sembly, the same shall take effect from the date of its passage.

Approved April 15, 1937.

CHAPTER 225.

AN ACT to repeal and re-enact, with amendments, Sub-section
(9) of Section 2, of Article 81 of the Annotated Code of
Maryland (1935 Supplement), title "Revenue and Taxes",
sub-title "Rules of Construction", and to repeal Sub-section
(d) of Section 27, of Article 81 of the Annotated Code of
Maryland (1935 Supplement), title "Revenue and Taxes",
sub-title "Rate of Tax", and to repeal and re-enact with
amendments, Section 39, of Article 48A, of the Annotated
Code of Maryland (1935 Supplement), title "Insurance",
sub-title "General Provisions", to reclassify for the purpose
of taxation, casualty, surety, guarantee, fidelity, title, fire
and marine insurance companies so that they will be classi-
fied as ordinary business corporations, to be taxed as such;
and increasing the tax on premiums with respect to fidelity,
surety, casualty, liability and compensation insurance, and
taxing fire and marine insurance premiums, other than those
of domestic Mutual companies, and clarifying the provisions
as to the tax on insurance premiums.

SECTION 1. Be it enacted by the General Assembly of Mary-
land That Sub-section (9) of Section 2 of Article 81 of the
Annotated Code of Maryland (1935 Supplement), title "Reve-
nue and Taxes", sub-title "Rules of Construction", be and it is
hereby repealed and re-enacted, with amendments, to read as
follows:

(9) The phrase "ordinary business corporation" shall mean
any corporation having a capital stock, except railroad com-
panies whose roads are worked by steam, electric or other
power, street and passenger railways, steamship and steamboat
companies, and all other common carriers, telegraph, cable,
telephone, express, transportation, parlor car, sleeping car,
and oil pipe-line companies, turnpike companies, bridge com-
panies and sewage disposal companies, safe deposit and trust
companies, life insurance companies, electric light or power
companies, heating, refrigerating, water or gas companies,
building or homestead associations, state, national and sav-
ings banks, finance corporations, or savings or moneyed corpo-