152

LAWS OF MARYLAND.

Repeal.

Code of Public General Laws, title "Revenue and Taxes," be
and the same are hereby repealed and re enacted with amend-
ments, and that certain new sections be and the same are here-
by, added to said article to take their proper places numerically
therein, to be numbered as sections 146 A, 146B, 146 C, 146 D,
146 E, 146 F, and from 164 to 195, both inclusive, to read, as to
said sections, respectively, as follows :

Levy of taxes

1. All State and county taxes and all municipal taxes shall
be levied upon the assessments made in conformity to the pro-
visions of this article, and in conformity with all laws relating
to revenue and taxes and not embraced in this article.

Ships to be
assessed.

2. All interests, shares or proportions owned by residents of
this State in all ships or other vessels, whether such ships or
other vessels be in or out of port, are and shall be valued and
assessed for the purpose of State, county and municipal taxa-
tion to the respective owners thereof in the county or city in
the State in which said owner or owners shall respectively

Real proper-
ties.

reside, and such respective owners shall pay the taxes there-
on. All real properties in this State belonging to any bank
incorporated under the laws of this State or of any other State
or belonging to any national bank located in this State, or to
any company or corporation incorporated by or under the laws
of this State, or of any other State, or under the laws of the
United States, or of any territory, or under the laws of the
United States relating to the District of Columbia, or belong-
ing to any joint stock company doing business in this State,
ie and shall be valued and assessed for the purpose of State,
county and municipal taxation as the property of such bank,
company, corporation or joint stock company, and such bank,
company, corporation or joint stock company shall pay such
respective taxes thereon. All money belonging to residents of
this State, which shall be the proceeds of the sale of stocks,
bonds or other property disposed of for the purpose of evad-

Shares of
stock.

ing and escaping taxation; all shares or interest in any joint
stock company, and all shares of stock in any bank incorpo-
rated under the laws of this State, or any National bank located
in this State, or in any corporation incorporated under the laws
of the State, shall be valued and assessed for the purpose of
State, county and municipal taxation, to the owners thereof in
the county or city in this State in which said owners may, re-
spectively, reside; the taxable value of such shares shall be
ascertained and determined, and the taxes thereon levied and
collected as is now or may be hereafter provided by law.