234

LAWS OF MARYLAND.

which no interest shall be actually paid, shall not be valued at
all, and upon such valuation the regular rate of taxation for
State purposes shall be paid, and there shall also be paid on
such valuation thirty cents (and no more) on each one hundred
dollars, for county, city and municipal taxation in such county
or city of this State in which the owner may reside. All
shares of stock or shares in any bank, other than a National
bank, or in any company or corporation incorporated by or located
in or doing business in any other State, or District of Colum-
bia, or in any territory or foreign country, owned by residents
of this 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 which such owners may reside, and
said shares shall be assessed and valued at their actual value in
the market, and upon which no dividend shall be actually
paid, shall not be valued at all; and upon the valuation so made,
the regular rate of taxation for State purposes shall be paid,
and there shall also be paid on such valuation, thirty cents,
(and no more), on each one hundred dollars, for county, city
and municipal taxation in such county or city of this State in
which the owners may reside.

Taxation of
bridges and
tunnels.

202. No extra assessment shall be made, and no extra or
special tax shall be levied or collected on any bridge or bridges
over streams, or any tunnel forming any part of the roadway
of any railroad or railroads or turnpikes in this State — it being
the meaning and intent of this section that any bridge over
streams or any tunnel forming a portion of the roadway of
any of said railroads or turnpikes, snail be valued and assessed
at the same rate that any other equal portion of such railroad
or turnpike is valued.

Repeal.

SEC. 2. And be it enacted, That all provisions of this act,
when they shall become operative, shall repeal all acts or parts
or acts, laws or parts of laws, inconsistent herewith, to the
extent of such inconsistency.

Effective.

SEC. 3. And be it enacted, That this act shall take effect
from the date of its passage.
Approved March 30th, 1896.