PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 653

liable to a fine of no less than $25 nor more than $100 for each
offense.

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

Approved April 10th, 1914.

CHAPTER 411.

AN ACT to repeal Section 214 of Article 81 of the Annotated
Code of Public General Laws of 1912, title ''Revenue and
Taxes," and to re-enact the same with amendments.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 214 of Article 81 of the Annotated Code of
Public General Laws of 1912, title "Revenues and Taxes," be
and it is hereby repealed and re-enacted so as to read as follows:

SEC. 214. All bonds, certificates of indebtedness or evidence
of debt in whatsoever form made or issued by any public or
private corporation incorporated by this State or any other
State, territory, district or foreign country, or issued by any
State (except the State of Maryland,) territory, district or
foreign country not exempt from taxation by the laws of this
State, and owned by residents of Maryland, shall be subject to
valuation and assessment to the owners thereof in the County or
City in which such owners may respectively reside, and they
shall be assessed at their actual value in the market, and such
upon 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, but in no event more than fifteen cents on each
one hundred dollars, shall be paid, and there shall also be paid
on such valuation thirty cents and no more on each one hun-
dred 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
baalf, or in any company or corporation incorporated by or
located in and doing business in any other State, or District of
Columbia, or in any territory or foreign country owned by
residents of this State, shall be valued and assessed for the pur-
pose 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