378 LAWS OF MARYLAND. [CH. 207

Maryland and to said respective counties, and thereupon said
tax shall be collectable by the Treasurer of the State of Mary-
land and by the respective Treasurers of said respective coun-
ties, as other county and State taxes due from corporations are
collected.

Provided, however, that the franchise tax herein made payable
to the State of Maryland and to Baltimore County and to Kent
County shall not be levied or assessed upon the tolls and rev-
enues of said bridge derived during the first year of the
operation thereof.

Said franchise tax shall be in lieu of all taxes which might
otherwise be levied by this State, or by any county, municipality
or other taxing authority therein, upon said bridge and appur-
tenant structures, upon its fills, approaches and rights of way,
upon the tolls and revenues thereof, or upon the franchises for
the construction and operation of said bridge, and shall also be
in lieu of all such other taxes upon said Company, its successors
or assigns, or upon the holders of the capital stock of said
Company, its successors or assigns, based upon the ownership
by said company, its successors or assigns, of said bridge and
its appurtenances, or based upon the receipt by said company,
its successors or assigns, of the tolls and revenues thereof,
it being hereby declared that said property in the hands of
said Company, its successors and assigns, and the holders of
said stock, shall be forever free and exempt from all of said
taxes. The exemption herein provided shall not be extended,
however, directly or indirectly, so as to include any real or
personal property otherwise subject to taxation which may be
owned by said Company, its lessees, successors or assigns, apart
from and in addition to the property hereinabove specifically
exempted from such taxation, but any and all land, water rights
and other real property, and the improvements thereon, at any
time acquired and held by said Company, its lessees, successors
and assigns, apart from and in addition to said bridge, the
ways and approaches thereto, and appurtenant structures, shall
be subject to assessment and taxation for County and State
purposes as other real estate is now or may hereafter be taxed
by law.

SEC. 8. Be it further enacted) that the right to sell, as-
sign, transfer and mortgage all or any part of its property,
including all or any part of the franchises, rights, powers,
privileges and immunities conferred by this Act or otherwise
acquired is hereby granted to said Company, and to its suc-
cessors and assigns; and that any person, partnership, asso-
ciation or corporation to which such, property, franchises, rights,
powers, privileges and immunities or any thereof may be sold,