LLOYD LOWNDES, ESQUIRE, GOVERNOR.

of such railroads; and after having made such apportionment
or division thereof, he shall certify to the respective Boards of
County Commissioners of the several counties and to the
Appeal Tax Court of Baltimore city, the amount of the pro-
portion of the valuation of such rolling stock to which each
such county or the said city is so entitled; and such propor-
tions, respectively, shall thereafter be valued and assessed for
purposes of taxation in such respective counties or said city,
subject to the right of appeal as in other cases in this article.

281

200. It shall be lawful for any railroad company or other
corporation, in executing a mortgage on property located in
this State, for the purpose of securing the payment of bonds
issued by such corporation, to covenant in such mortgage to
pay the taxes levied upon such mortgage or the bonds secured
thereby, or on the interest payable thereon; and in such cases
the oath prescribed in section 146 D of the act repealing and
re-enacting, &c., certain sections of Article 81, of the Code of
Public General Laws, title "Revenue and Taxes," passed at
the present session of the General Assembly of 1896, shall
not be required; provided, however, that nothing contained
in this section shall be held or construed to waive, release or
otherwise interfere with the valuation and assessment, for
purposes of taxation, of any bonds secured by mortgage, in the
hands of the holders thereof, . resident in this State, respec-
tively, as directed in the case of other bonds by this article, as
amended by the act aforesaid

Payment of
tax- on
mortgages
by railroad
companies.

SEC. 2. And be it enacted, That this act shall take effect
from the date of its passage.

Approved March 30th, 1896.

CHAPTER 141.

AN ACT to add an additional section to Article 81 of the
Code of Public General Laws, title "Revenue and Taxes,"
to follow Section 195, and to be designated as Section 196

Effective.

SECTION 1. Be it enacted by the General Assembly of Mary
land, That a new section be and the same is hereby added to
Article 81 of the Code of Public General Laws, title "Revenue
and Taxes," to follow section 195, to be designated as section
196, and to read as follows :

New section.