EMERSON C. HARRINGTON, GOVERNOR. 145

to Baltimore City, and to the personal property of residents of
said territory, to the same extent as they apply to the real and
personal property situate in and to the personal property of
persons resident in the limits of Baltimore City as they existed
prior to the passage of this Act; provided, however, that no
existing assessment on real or personal property situate in the
territory annexed by this Act to Baltimore City or upon per-
sons resident in such territory because of the ownership of
real or personal property, shall be increased by the Appeal
Tax Court or the assessors of. Baltimore City prior to the assess-
ment upon which taxes shall be levied for the year 1922, but
this provision shall not be construed to prevent the proper
assessment, under the provisions of the Charter of Baltimore
City of any property, or of any persons by reason of the owner-
ship of property, which may have been subject to assessment
in said annexed territory at the time of the passage of this Act
but which may have escaped or been omitted from the assess-
ment rolls of Baltimore and Anne Arundel Counties, respec-
tively. Nor shall anything herein affect the power of the
Appeal Tax Court and the Assessors of Baltimore City to in-
crease the assessment upon any person or property by reason
of new or additional property acquired after the passage of
this Act, or to increase the assessment upon real estate by rea-
son of the construction of improvements thereon after the pas-
sage of this Act, or of improvements which may have been
constructed so recently before the passage of this Act as not
to have been assessed at the time of the passage of this Act.
The rate of local taxation provided by this Section for the
territory annexed by this Act to Baltimore City shall apply
to all real and leasehold property situated in said territory, to
all personal property located in said territory the situs of which
for purposes of taxation is determined by the place of physical
location, to all personal property including shares of the capi-
tal stock of corporations belonging to residents in said terri-
tory, the situs of which for purposes of taxation is determined
by the place of residence of the owner, and to the proportion
of the personal property of ordinary business corporations ap-
portioned under the Act of 1914, Chapter 324, Section 88-C,
to the capital stock of such corporations owned by residents of
said territory. Provided, however, that nothing in this Act
shall affect the provisions of Section 214 of Article 81 of
Bagby's Code, as amended by the Act of 1914, Chapter 411,
relating to the taxation of securities therein named. And pro-