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a credit shall be allowed to any such corporation by reason
of its ownership of Baltimore City Burnt District Loan
Stock, issued under Chapter 468 of the Acts of 1904, the
Water Loan issued under Chapter 333 of the Acts of 1902,
and the Conduit Loan issued under Chapter 246 of the Acts
of 1902, whether heretofore or hereafter issued; nor shall
such credits be allowed in any case where the officer making
such return for such corporation shall fail to state in such
return that said investments are owned by the corporation of
which he is such officer, and are not held by such copora-
tion as a security for any loan, or as a collateral security for
any payment or other purpose.
SEC. 2. And be it further enacted, That neither the passage
of this Act, nor anything in this Act contained, shall be given
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CHAP. 467
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the effect of a legislative construction in, or in any manner
affect, any pending litigation between the State of Maryland
and the Mayor and City Council of Baltimore involving the
construction, or the enforcement, or application of the section
of the Public General Laws of Maryland, repealed and
re-enacted with amendments by this Act, as said section
stood at the time of the passage of this Act, or of any part
or parts thereof, nor shall any existing cause of action be
affected by the passage of this Act, and especially is it
intended by this Act that the repeal and re-enactment with
amendments of said section, as said section stood at
the time of the passage of this Act, is not to be taken as
involving any admission or recognition by the General
Assembly of Maryland, that said section as it so stood con-
fers the right to any credit, allowance or effect on any part
or parts of any stock debt of the city of Baltimore held by
any such corporation as is mentioned in this Act, said
section as to all litigation or causes of action existing at the
time of the passage of this Act being hereby left to stand
or fall by its true and proper construction as it existed at
the time of the passage of this Act.
SEC. 3. And be it farther enacted, That this Act shall take
effect from the date of its passage.
Approved April 3, 1906.
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Not to affect
any pending
litigation.
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