The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1880-05-07
PUBLIC
GEN ERAL LAWS
PASSED BY THE
General Assembly of Maryland,
At the January Session, 1880.
lCHArTER 1922.
REVENUE AND TAXES.
PUBLISHED BY AUTHORITY.

REVENUE AND TAXES.
AN ACT
To amend and re-enact as amended, the second
and third sub-sections of the act of eighteen
hundred and seventy four, chapter four hun
dred and eighty-thrcc, entitled Gan act TO
repeal article eighty-one Of the Code of Public
General Laws of the State of Maryland, en-
titled Revenue and Taxes, and TO re.enact the
same with amendments, " as the same were
re-enactrd and amended by the act Of eighteen
hundred and seveuiy-eight, chapter four hun
fred and thirteen.
SECTION |. Be it enacted by the General AS
semby of Maryland, That The second and third
sub sections of the act of eighteen hundred and
seventy-four, chapter four hundred and eighty
three entitled IAN 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
2he same were re.eGacted and amended by the
act of eighteen hundred and seventy-eight,
chapter four hundred and thirteen, be amended
and re-enacted as amended, so that the said sec
ond and third Sub-scctions, as amended, shall
read as follows:
Subsection .. All interests, shares or propor-
lions owned by residents Of this State in all ships
or other vessels registered in port of Mary land
whether such ships or other vessels be in or out
of port are and shall be subject to valuation and
assessment to the respective owners thereof in
the county or city, in this State, in which such
owners shall respectively reside; all real pro-
perty in this State belonging 10 any bank iucor-
pordtcd under the laws Of this State, or of any
other STATE, or 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 o'her State, or under the laws Of the
United States, or of any Territory, or TO any
Joint stock company doing business in this State,
are aud sh Ill be subject to valuation, assessment
and levy of taxes thereon for State, county and
municipal purposes by the county commissioners
of the respective counties in which such real
property is situated, or by the Appeal Tax Court
Of Baltimore city. if such property is located
in said city, as the property of such bank, COM
pany, corporation or joint stock company, and
such bank, company, corporation o: joint stock
company shall pay the taxes thereon so assessed
and levied All shares in any joint stock COM
psny. and all shares of stock in any bank, incor-
nora ted under the laws of this State, or in any
National bank located in this State, or in any
corporation incorporated under the laws of this
State, other than railroad companies working
their respective railroads by stcam-powcr, not
exempted from taxation by irrepealabe contract
with this State. are and shall be subject TO vAlu-
alton and assessment to the owners thereof in
The county or city in this State in which such
owners may respectively reside, in The manner
provided for by the laws of this State; and the
taxable values of such shares shall be ascer-
(ained and finally determined, and the taxes
thereon levied and collected in each year, under
the regulations prescribed BY sections one hun
bred and ffty-one aud ono hundred and fiity-two
OF article eighty-one of the Code of Public
aeneral Laws of this State title "Revenue and
Taxes, az enacted by the act of eighteen hun
Sred and seventy eight, chapter one hundred
and seventy eight or as the same may be now
OF hereafter provided by law; all shares of stock,
or shares in any bank, other than National
bank or in any company or corporation incor
nolated 10y or located in and doing business in
any other State, or in any Territory or country
owned bv residents of this State: all bonds,
made CT issued by any State, owned by residents
of this State all bonds, made or issued by any
Territory or by any corporation belonging to
residents of this State all investments in private
securities Of every kind and description belong
ing 10 residents of this State; the real property
loeated in this State, and the personal property
owned by any corporation incorporated by this
State. not having a 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 personal pro-
nerty 80 owned BY said corporation is not pro-
;eeted 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 valued to the respective
owners thereof in the manner prescribed by the
laws Of this State, and shall be assessed and
taxed as the property of such respective owners,
according to such prescribed methods of valua-
ton, except as provided in the next ensuing
section.
Subsection g. That the provisions of the pre-
eeding section shall not apply to any bonds,
stock or evidence of debt 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, nor
to houses or buildings used exclusively for pub
tic worship, or TO the furniture contained therein
OF 10 the parsouages connected herewith, or to
the grounds appurtenant TO such houses, or to
buildings so exclusively used for public wor-
ship, or as parsonages which are necessary for
the respective uses thereof; nor shall the pro-
visions of said preceding section apply to grave
yards, cemeteries Or cemetery companies which
do not accumulate profits for any purpose except
the maintenance or improvement Of such ceme-
teries or graveyards as cemeteries or graveyards
nor to buying grounds set apart for the use of
any family, or belonging TO any church or con-
s:egdtion, or to the crop or produce Of any land
ia this State in the hands Of the producer or his
agent; or to the provisions kept for the use and
consumption of the fImiy Of the person TO whom
the same shall belong; or 10 the working tools of
mechanics and manufacturers, moved or worked
exclusively by hand or 10 wearing apparel Of
any description; or TO fish while in the pos
session Of the fishermen employed 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, charitable or benevolent ms itutons,
or to the grounds appurtenant thereto, in any
city or incorporated town in hi. State which is
necessary for the respective uses thereof nor TO
the buildings, equipment and furniture of hos
pitfalls, sylums, charitable or benevolent insli-
buttons in any county of this State, but not
within any city or incorporated town in this
State, nor to the ground not exceeding forty
acres appurtenant respectively thereto, which is
necessary for the respective uses thereof nor to
the buildings, furniture, equipment or libraries