PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 901

or while in possession of their agents unsold, nor to buildings,
equipments and furniture of hospitals, asylums, charitable or
benevolent institutions or to the grounds appurtenant thereto
in any city or incorporated town of this State which are neces-
sary to the respective uses thereof, nor to the buildings, equip-
ments and furniture of hospitals, asylums, charitable institu-
tions of any County in this State, but not within any city or in-
corporated town of this State, nor to the ground not exceeding
forty acres appurtenant respectively thereto, which are neces-
sary for the respective uses thereof, nor to buildings, furniture,
equipment or libraries of incorporated educational or literary
institutions, or to the ground appurtenant thereto, in any city
or incorporated town of this State which are necessary to the
respective uses thereof, nor to the buildings, equipments and
furniture of hospitals, asylums, charitable or benevolent insti-
tutions of any County in this State, but not within any incor-
porated city or town of this State nor to the ground not exceed-
ing forty acres appurtenant respectively thereto which are nec-
essary for the respective uses thereof, nor to the buildings, fur-
niture, equipment or libraries of incorporated educational or
literary institutions or to the grounds appurtenant thereto in
any city or incorporated town of this State which are necessary
for the respective uses thereof, nor to the buildings, equipment
or libraries of incorporated educational or literary institutions
in any County of this State, nor to the ground not exceeding
forty acres appurtenant thereto which are necessary for the
respective uses thereof, nor to the personal property of any
corporation by this State, and having capital stock divided into
shares when said shares of said corporation are subject to taxa-
tion under the laws of this State and when such personal prop-
erty is returned for the purpose of valuing in the valuation
of the shares, nor to the tools, machinery, manufacturing im-
plements and engines of corporations, firms and individuals
actually engaged in manufacturing as provided for in Sec-
tion 164 as amended by this Act, nor to the shares of stock
of railroad companies working their roads by steam power, in-
corporated by or under the laws of this State which are sub-
ject to taxation upon their gross receipts within this State, and
to County and municipal taxation upon their respective real
and personal property in the respective counties and cities of
This State, in which such respective properties are located, nor
to the book accounts or bills receivable or evidences of debt
given for such accounts of any person engaged in commercial
business who is taxed upon the fair average value of his stock