1052 LAWS OF MARYLAND. [CH. 551

as other county and state taxes due from corporations are
collected.

Provided, however, that the franchise tax herein made
payable to the State of Maryland and to Charles County
shall not be levied or assessed upon the tolls and revenues
of said bridge derived between the commencement of opera-
tion thereof and fifteen years after the first day of January
next following such commencement of operation.

Said franchise tax shall be in lieu of all taxes which
might otherwise be levied by this State, or by any county,
municipality or other taxing authority therein, upon said
bridge and appurtenant structures, upon its fills, ap-
proaches and rights of way, upon the tolls and revenues
thereof, or upon the franchises for the construction and
operation of said bridge, and shall also be in lieu of all such
other taxes upon said Company, its successors or assigns,
or upon the holders of the capital stock of said Company,
its successors or assigns, based upon the ownership by said
Company, its successors or assigns, of said bridge and its
appurtenances, or based upon the receipt by said Company,
its successors or assigns,, of all the tolls and revenues
thereof, it being hereby declared that said property in the
hands of said Company, its successors and assigns, and the
holders of said stock, shall be forever free and exempt from
all of said taxes. The exemption herein provided shall not
be extended, " however, directly or indirectly, so as to in-
clude any real or personal property otherwise subject to
taxation which may be owned by said Company, its lessees,
successors or assigns, apart from and in addition to the
property herein above specifically exempted from such taxa-
tion, but any and all land, water rights, and other real
property, and the improvements thereon, at any time ac-
quired and held by said Company, its lessees, successors
and assigns, apart from and in addition to said bridge, the
ways and approaches thereto, and appurtenant structures,
shall be subject to assessment and taxation for county and
State purposes as other real estate is now or may hereafter
be taxed by law.

SEC. 8. Be it further enacted, That the right to sell,
assign, transfer and mortgage all or any part of its prop-
erty, including all or any part of the franchises, rights,
powers, privileges and immunities conferred by this Act
or otherwise acquired is hereby granted to said Company,
and to its successors and assigns; and that any person or
partnership, association or corporation to which such prop-