The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1878-05-11
CHAPTER Alb.
REVENUE AND TtAXES.

i q atncnu IilG SeCOnu SUD SecIlOn OF the act
of eighteen hundred and seventy -four,
chapter four hundred and eighty-three, en-
titled An Act to repeal article eighty-one
of the Code of Public General Laws of the
State of Maryland, entitled "Revenue and
Taxes" and to rc-enact the same with
amendments, as the said second subsection
was amended by the first and seventeenth
sections of the Act of eighteen hundred and
seventy-six, chapter two hundred and sixty,
entitled San act to provide for the general
valuation and assessment of property in this
State" and to re-enact said second sub
section of the act of eighteen hundred and
seventy four, chapter four hundred and
eighty-three, as so amended, in new and
amended form; and also to amend the third
subsection of the said act of eighteen hun
bred and seventy four, chapter four hundred
and eighty-three, as amended by the act of
eighteen hundred and seventy six, chapter
three hundred and forty, entitled an act TO
repeal sub-sections three, four and twenty
one of section three of chapter four hundred
and eighty three, of the acts of eighteen
hundred and seventyfour, entitle an act to
appeal article eighty one of the Code of
Public General Laws of the State of Mary
land, entitled "Revenue and Taxes" and
to re-enaet the same with amendments,
and re- enactth same so as to read as follows,
and to re- enact said third subsection as so
amended, in new and amended form.
Section l. Be it enacted by the General
Assembly of Maryland, That the second sub,
section of the act of eighteen hundred and
seventy-four, chapter four hundred and eigh-
ty-three, entitled SAN act to repeal article
eighty-one of the Code of Public General
Laws of the State of Maryland, entitled
Revenue and Taxes" and to re-enact the
same with amendments as the said second
was amended by the first and
and seventeenth sections of the act of eigh-
teen hundred and seventy-six, chapter two
hundred and sixty, entitled San act to pro-
vide for the general valuation and assessment
of property in this State, and that the third
bred and seventy four, chapter four hundred
and eighty-three, as amended by the act of
eighteen hundred and seventy-six, chapter
three hundred and forty, entitled Gan act to
repeal sub-sections three, four and twenty
one, of section three, of chapter four hundred
and eighty three, of the acts of eighteen hun,
dred and seventy-four, entitled "An act to
repeal article eighty one, of the Code of Pub
lie General Laws of the State of Maryland,
entitled Revenue and Taxes" and to re en-
act the same with amendments, and re-euaet
the same so as to read as follows, be, and the
same are hereby, Fe-enacted and amended in
3 new and amended form, so that the said
sub sections so amended, shall read as fol-
lows.
Sec. 3. All interests, shares or propor-
lions, owned by residents of this State, in all
ships or other vessels, registered in port of
whether such ships or other yes,
sells be in or out of port; all shares of stock,
Or shares, in any bank, State or National, or
IN any Company or corporation, Incorporated
by, or located in, and doing business in thiS
State, whether. said share, or shares of stock,
arc owned by residents, or non-resi6ents Of
his State, all shares of stock, or shares in any
bank other than National Bank, OF many COM
Dany or corporation, Incorporated by, or Local
ed in, and doing business in any otherState, OF.
n any Territory, oFcountry, owned by residents
Of this State, all bonds made by any State,
owned by residents of this State which were
not exempted from taxation by the law Of
said State authorizing the issue of such
bonds; all bonds issued by any Territory, or
Oy any corporation, belonging to residents of
his State, all investments in private securi-
lies of every kind, nature and description
to residents of this State, except
mortgages upon property wholly within this
State, and the mortgage debts respectively
secured thereon; the real property located In
This State, and the personal property owned
by any corporation, Incorporated by this
State, not having a capital divided into
shares, or having shareSof capital stock which
are wholly, or in part exempted from taxation
by this State, when the said real or personal
so owned by said corporation, is not
from taxation by the exemption of
said shares of stock from taxation; and all
other property of every kind, nature and
description, within this State, shall be liable
to be valued to the respective owners thereof,
and to be assessed and taxed as the property
of such respective owners, except as provid-
ed in the next ensuing section.
Sec. 8. That the provisions of the pro-
ceding- section shall not apply to any bonds,
stock or evidence of debts issued by the
United States, or to any property belonging
to the United States, or to this State, or to
any county, or incorporated city, or town in
this State; to houses or buildings, used exclu-
sively for public worship, or to the furniture
contained therein, or to the parsonages con-
neeted Herewith or to the grounds, appnTte~
nant to such houses, or buildings so exelu>
sively used for public worship, or as parson-
ages, which may be necessary for the
uses thereof; nor shall the prOvi-
sions of the said preceding section apply to
grave yards, cemeteries, or Cemetery Compa-
MES, paying no dividends, or To- burying
grounds, set apart for the use OF any family,
or belonging to any church or congregation,
or to the crop or produce of any land in this
State, in the hands of the producer or his
agent, or to provisions kept for tho use and
of the family of the person to
whom the same shall belong, or to the work
ing tools of mechanics and manufacturers,
moved or worked exclusively by hand, or tc,
wearing apparel of any description, or to fish,
while in the possession of the fishermen en-
ployed in catching, sailing and packing the
same; or while in the possession Of their
agents unsold, or to the buildings, equipment
and furniture of hospitals, asylums, charita
BILE or Observation-Disclosures or to the ground
thereto, which may be necessary
for the respective uses thereof, or to the build
ing, furniture, equipment, or libraries of
Educational or Literary lnsti-
buttons, or to the ground appurtenant thereto,
which may be necessary for the respective
uses thereof, nor to the property, real or
personal of any. corporation Incorporated by
this State, and having a capital stock divided
into shares, when said shares are subject to
taxation by this State as the property of
the owners thereof; nor TO any shares of
stock in any corporation when said shares of
stock are exempted from taxation, nor to any
of any corporation whose shares of
capital stock are exempted from taxation,
when said property is protected from taxa
ton by the exemption of said shares from
taxation, but each and all of said exemptions
from taxation shall be strictly construed.
Sec. 2. And be it enacted that this ac4
shall take effect from and after the date offs
passage.
FETTER S. H0BLITZELL,
Speaker of the House of Delegates.
EDWARD LLOYD,
President of the Senate.
Approved this 9Th day of April, 1873.
JOHN LEE CARROLL,
Governor of Maryland