622 LAWS OF MARYLAND. [CH. 226

sections or paragraphs except so far as such change of intent
shall be clearly manifest.

2. As used in this Article:

(1) The term "corporation" shall include association or
joint stock company.

(2) The phrase "organized under the laws" shall mean
formed or existing under the statute or common law.

(3) The term "foreign" as applied to a corporation or
company shall mean organized under the laws of any State
(other than this State), Territory, District, possession or for-
eign country, or the United States.

(4) The term "domestic" as applied to a corporation shall
mean organized under the laws of this State.

(5) The word "person" shall include a corporation unless
such construction would be unreasonable.

(6) The word "executor" shall include an administrator
and vice versa.

(7) A partnership shall be deemed a taxable entity and
shall be included by the word "person, " unless such construc-
tion would be unreasonable, and shall, as to its property taxable
in this State, be deemed a resident of the county and/or City
where its principal business in this State is carried on, without
reference to the residence of the partners.

(8) The phrase "interest-bearing" or "dividend-paying"
shall, as applied to securities, respectively mean actually pay-
ing interest or dividends during the twelve months preceding
the date of finality; provided that any securities on which inter-
est or dividends are withheld for the purpose of avoiding taxes
thereon shall be deemed interest-bearing or dividend-paying,
and provided further that newly issued bonds, certificates of
indebtedness, and evidences of debt on which no interest is in
default shall be deemed interest bearing, and provided further
that the declaration of a stock dividend shall be deemed the
payment of a dividend within the meaning of this sub-section.

(9) The phrase "ordinary business corporation" shall mean
any corporation having a capital stock, except railroad com-