Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1880-05-14
Julio
GENERAL LAWS
PASSED BY THE
General Assembly of Maryland,
At the January Session, 1880.
(CHArrER 1872.
REVENUE AND TAXES.
PUBLISHED BY AUTHORITY.

REtEA CE AMI I<1d EC.
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
bred and eighty three entitled can 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-enacted and amended by the act of eighteen
hundred and seveui weight, chapter four hun
dred and thirteen.
SECTION l. Be it enacted by the General AS
sembly of Maryland, That the second and third
eub-sections of the act Of eighteen hundred and
seventy-four chapter four hundred and eighty
three. entitled ''An act to repeal article eighty
one Of the Code of Public General Laws Of the
State Of Mary Wand, entitled Revenue and Taxes,
and to re-enact the same with amendments" as
the same we're re enacted and amended by the
act of eighteen hundred and seventy-eight,
shapter four hundred and thirteen. be amended
and re-enacted as amended, so that the said Sec
ond and third sub-sections, amended, shall
read as follows:
Subsection 2. All interests, shares or proper
tions owned by res dents Of this State in all ships
or other vessels registered in port of Maryland,
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 residei all real pro-
perty in this State belonging TO any bank incor-
porated under the laws of this State, or of any
ether Stale, 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 and sh all 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 real property is located
in said city, as the property Of such bank, COM
pany, corporation or joint stock company, and
euch bank, company, corporation o. joint stock
sompany shall pay the taxes thereon so assessed
and levied All shares in any joint stock com
pauy and all shares of stock in any bank, incor-
rorated 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 seam-power, not
exempted from taxation by irrepealable 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
proyided for BY the laws Of this Stale; 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 one hundred and hfty-two
If article eirhty-one of the Code of Public
General Laws Of this State, title Revenue and
Taxes, as enacted by the act Of eighteen hun
sred and seventy eight, chapter one hundred
and seventy -eight, or as the same may be now
or hereafter provided by law; all shares of stock,
or shares in any bank, other than National
bank, or in any company or corporation moor
porated by or located in and doing business in
any other State or in any Territory or country
owned by residents Of this State; all bonds,
made or issued By any State, owned by residents
ef 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
inc TO residents of this State; the real property
located 10 this State, and the personal property
owned by any corporation Incorporated by this
State mot 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 or personal pro-
perty so owned by said corporation is not pro-
tected from taxation by the exemption OF said
shares Of stock from taxation; and all other
property Of every kind, nature and description
Srithin This State shall be valued to the respective
owners thereof in the manner prescribed oy 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 Inc next ensuing
section
Subsection g. That the provisions Of the pre-
ceding 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
10 houses or buildings used exclusively Tor pub
lie worship, or TO the furniture contained therein,
or 10 the parsouages connected herewith, or to
the grounds appurteuant TO such houses, or TO
buildings SO exclusively used for public wor-
shin. or as parsonages which are necessary Tor
the respectiye uses thereof; nor shall the pro-
visions Of said preceding section apply 10 grave
wards cemeteries or cemetery companies winch
do not accumulate profits for any purpose except
the maintenance or Improvement OF such Gene
teries or grayeyards as cemeteries or grdVeyardsi
nor TO buiying grounds set apart for the use oil
any family, or belonging to any church or con
a-egation, or to the crop or produce OF any land
In this State 10 the hands Of the producer or his
agent; OF to the provisions kept for the use and
consumption Of the family Of the person TO whom
the same shall belong; or 10 the working tools Of
necbapics and manufacturers, moved or worked
exclusively By hand or to wearing apparel oil
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 70 vac
buildings equipment and furniture Of hospitals
Asylums charitable or benevolent institutions
OF to the grounds sppurtenant thereto, IN any
city or incorporated town 10 thn State which Is
necessary for the respective uses thereofi nor to
the buildings, equipment and furoiiure Of hos
pitfalls, asylums, charitable or benevolent insll'
iutons il any county Of this State but moi
within any city or incorporated town in ihii
State, nor TO the ground not exceeding forty
seres appUrtenant respectively thereto, which Il
necessary for the respective uses thereof nor to
Me buildlngs, furniture. equipment or Libraries