782 LAWS OF MARYLAND. [CH. 264

under the laws of this State or of any other State, or belonging
to any national bank located in this State, or to any company or
corporation incorporated by or under the laws of this State, or
of any other State, or under the laws of the United States, or
of any territory or under the laws of the United States relating
to the District of Columbia, or belonging to any joint stock
company doing business in this State, are and shall be valued
and assessed for the purpose of State, county and municipal
taxation as the property of such bank, company, corporation
or joint stock company and such bank, company, corporation
or joint stock company shall pay such respective taxes thereon.
All money belonging to residents of this State which shall be
the proceeds of the sale of stocks, bonds or other property dis-
posed of for the purpose of evading and escaping taxation, all
shares or interest in any joint stock company and all shares of
stock in. any bank incorporated under the laws of this State, or
any national bank located in this State, or in any corporation
incorporated under the laws of the State shall be valued and
assessed for the purpose of State, county and municipal taxa-
tion to the owners thereof in the county or city in this State
in which said owners may respectively reside; the taxable value
of such shares shall be ascertained and determined and the
taxes thereon levied and collected as is now or may be herein-
after provided by law.

All personal property in which any resident of this State
has an equitable interest with the legal title to the same in some
other person or corporation who is a non-resident shall be
valued and assessed for the purpose of State, county and muni-
cipal taxation to the equitable owners thereof in the county or
city in which he, she or it resides and such equitable owner or
owners shall pay the taxes thereon.

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 and doing business in any other State or the
District of Columbia, or in any territory or foreign country
owned by residents of this State, shall be valued and assessed
for1 the purpose of State, county and municipal taxation to the
owners thereof, in the county or city in which said owners may
respectively reside. All bonds made or issued by any State or
District of Columbia or territory, or by any corporation what-
soever belonging to the residents of this State, all investments
in private securities of every kind and description belonging to
the residents of this State, the real property located in this
State, and the personal property owned by any corporation