Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1878-05-03
.L0aUs--- General.

| sub sections three, Jour ana twenty -one, OF sec
! ton three, of chapter four hundred and eighty
three, of the acts of eighteen hundred and
seventy four, entitled can act to repeal article
eiphty.ope, of the Code of Public General Laws
of the State Of Maryland, entitled Revenue
and Taxes" and to re-enact the same with
amendments, and re-enact the same 80 as to
read as follows be, and the same are hereby
re-enacted and amended in a new and amended
form, so that the said sub-sections so amended,
shall read as follows.
Sec. 2. All interests, shares or proportions,
owned by residents of this State, in all ships
or other vessels, registered in q port of Mary
land whether such ships or other vessels be
in or out of port; al shares of stock, or shares,
in any bank, State or National, or In any Com
pany or corporation, Incorporated by, or To-
Gated in, and doing business IN this state,
whether, said share, or shares Of stock, are
owned by residents, or non-residen@ OF u
State, ali shares of stock, or shares IN
bank other than a National Bank, or IN
company or corporation, incorporated b
located in, and doing business in any
State, or in any Territory, or Co
owned by residents Of this State
bonds made by any State, own
residence of this State (which w
exempted from taxation by
State authorizing the issue of
bonds issued by any Territory
poraton, belonging to resdep1
all investments in private seed
kind, nature and description be
dents Of this State, except NJ
property wholly within this State he
mortgage debts respectively secured lol;
the real property located IN this State7 and
the personal property owned by any corpora
lion, incorporated by this State, not having
CAPITAL divided into shares, or having shares
of capital stock which are wholly, or in part
exempted from taxation by this State, when
the said real, or personal property 80 owned
by said corporation, is not protected from tax
alton 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 taxedI
as the property OF snch respective owners, ex-
cept as provided in the next ensuing section :
Sec. 3. That the provisions Of the proceed
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 exclusively for pub
lie Worship, or to the furniture contained
therein. or to the parsonages connected there
with or to the grounds, appurtenant to such
houses. or buildings so exclusively used, for
nublic worship, or as parsonages, which may
ha necessary for the respective uses thereof;
nor shall the provisions OF the said preceding
sect on apply TO grave yards, cemeteries, or
Cemetry Companies, paying no dividends or
to burrying grounds sci apart for the use OF
onv family. or belonging 10 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 the use and consumption OF the family OF
the person TO whom the same shall belong, or
to the working tools OF mechanics and manu-
facturers, moved or worked exclusively by
hand or TO wearing apparel Of any descrip-
ton. or TO fish, while in the possession of the
fishermen employed in catching sailing and
hacking The safne or while in the possession
Of their agents unsold, or to the buildings
continent and furniture Of hospitals, asylums,
charitable or benevolent lnstltu tions, or to the
ground appurenant thereto, which may be
necessary for the respective uses thereof, or to
the building, furniture, equipment, or Libraries
of INCORPORATED Educational or Literary In.
slitutions, or to the ground appurtenant there
TO- which NAV be necessary for the respective
uses thereof, nor to the property, real or per-
sona of any corporation incorporated by THIS
State and having capital stock divided into
| Snare9, WllBn Sdlu 5ridiNo NV ~ e'-A"-
ton by this State as the property oil the
owners thereof; nor 10 any shares OF stock IN
any corporation when said shares OF stock are
! exempted from taxation; nor TO any property
of any corporation whose shares OF capital
stock are exempted from taxation, when said
property Is projected from taxation by the
exemption OF said shares from taxation, liiI
each and all Of said exemptions rom frr on
shall be strictly construed
Sec. 2. And be il enacted that this act shall
take effect from and after the date Of its pas.
sage.
FErTER $. HOBLITIELL,
Speaker Of the House of Delegates.
EDWARD LLOYD,
President Of the Senate. q,
Approved This 9th day Of April, 1873.
JOHN LEE CARROLL,
Governor Of Maryland.
We hereby certify that the aloregoiDg il a
correct copy of an act Of assembly passed at
January session, 1873.
MILTON Y. KIDD,
Chief Clerk Of the House of Delegates.
AUGUSTUS GAssAwAY,
Secretary o. the Senate.