The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1880-05-08
PUB LILO
GENERAL LAWS
PASSED IA tue
General Assembly of Maryland,
At the January Session, 1880.
PUBLISHED BY AurHosIrr.
[cuArGR l92.]
REYENUE IND TAEES.

REVENUE AND TAIES.
AN ACT
To amend and re-enact as amended, the second
and third sub-sections CT the act Of eighteen
hundred and seventy four, chapter four hun
dred and eighty three, entitled can act TO
repeal article eighty-oue Of the Code Of Public
General Laws Of the State Of Maryland, en-
titled .Rsyenae and Taxes, and TO re.enae' the
same with amendments, y as the same were
re-enactsd and amended by the act Of eighteen
hundred and seyeuty-eight chapter Jour hun
drod and thirteen.
SEorIox l. BE il enacted by the General As.
srmbly OF Maryland. That the second and third
sub-seetious Of the act Of eighteen hundred aud
seTenty-four, chapter four hundred and eighty
three, entitled s'An act to repeal article eighty
ona Of the Code Of Public General Laws Of the
State OF Maryland, entitled Revenue and Taxes,
aad to re-ehaet the same with amendments" as
the same we're re enacted and amended by the
act Of eighteen hundred and seyenty-eight,
shapter four hundred and thirteen, be amended
and re-enacted as amended, so that the said sec
ond and third Sab-sections, As amended, shall
read as follows:
Subsection :. All interests, shares or prcpor-
lions owned by residents Of this State In all ships
or other vessels registered 10 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 reside; all real pro-
perry in this Slate belonging TO any hank incor-
porated under the laws Of this State, or Of any
ether State, or TO any National bank located in
this State or 20 any company or corporation
incorporated by or under the laws Of this State,
or Of any oher State. or under the laws Of the
United States, o. Of any Territory, or 10 any
Joint stock company doing business Ia this State,
are and 81 Al be subject 10 valuation, assessment
and levy Of taxes thereon for StH'e, 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. IL such ealproperty 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 paw the taxes thereon so assessed
and levied An shares in any joint stock COM
pany, and all shares Of stock in any bank, incor-
porated under the laws Of this State, or in any
National bank located ia this State or in any
corporation incorporated under the laws Of this
State. other than railroad companies working
their respective railroads by sleam-power, not
exempted from taxation By irrepealable contract
with Ibis State are and shall be subject TO yalu-
alton and assessment to the owners thereof in
the county or city in this State 10 which such
owners may respectively reside, 10 the manner
provided for by the laws Of this State; and the
taxable values Of such shares shall be ascer-
,aiued and hually determined, and the taxes
thereon levied and collected in each year, under
,he regulations prescribed BY sections one hun
sred and ffty-one aud oBe hundred and ffty-two
Of article eighty-one Of the Code Of Public
General Laws Of this State, title Revenue and
Taxes, a. enacted by the act Of eighteen hun
sred aud seventy eight, chapter one hundred
and seventy-eight, or as the same may be now
or hereafter provided by law; all shares Of stock,
Of shares ia any bank, other than National
bank. or in any company or corporation ineor-
.psrated BY or located in and doing business 10
any ether State, or in any Territory or country
swaed BY residents Of ibis State; all bonds.
made or issued by any State, owned by residents
81 this State; ali boBds made or issued By any
Territory or by any corporation, belonging 10
residents Of this State ali Investments 10 private
securities OF every KIND and description belong
ing TO residents Of this Safe: the real property
located in this State, and the personal property
owned BY any corporation 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
ihis State: when the said real or personal pro-
nersy 80 owned by said corporation is not pro-
seeted from taxation BY the exemption Of said
shares Of stock from taxation; and all other
properly Of every kind, nature and description
within this State shall be valued 10 the respective
owners thereof in the manner prescribed b. the
laws Of this Stale, aud shall be ASSESSED aud
taxed rs The property Of such respective owners,
according TO such prescribed methods Of valua-
ton, except as provided in the next ensuing
s.rlion.
Subsection 3. That the provisions Of the pre-
eeding section shall not apply to any bonds,
stock, or evidence OF debt issued by the Unitsd
states, or 10 any property belonging 10 the
United States, or 10 this State or TO any county,
or Incorporated city or town IN this State, Rol
10 houses or buildings used exclusively for pub
lie worship, or TO the furniture contained therein
Or 10 the parsouages connected herewith, OF "a
the grounds appurtenant to such houses, or &c
buildings so exclusively used for public wor.
shin. or as parsonages which are necessary foI
The respective uses thereof; nor shall the pro.
visions Of said preceding section apoly to grave.
yards. cemeteries or cemetery companies which
40 not accumulate profits for any purpose except
Tie maintenance or improvement Of such Gene
tefies or grayeyards as cemeteries or grayeyaFds;
nor 10 buying grounds set apart for the use o.
any family, or belonging to any church or con
gsegation. or TO the crop or produce Of any LAND
IN this State Ia the hands Of the producer or BIZ
agent; or to the provisions kept for the use ant
consumption Of the family Of the person to whom
the same shall belong; or 10 the working tools o
mechanics and manufacturers, moved or workes
exclusively by hand or TO wearing apparel o
any description; or to fish while in the pos
session Of the fishermen employed 10 catching
sailing and packing the same, or while IN ID,
possession Of their agents unsold; or to tn
buildings, equiument and furniture Of hospitals
esyinrns, charitable or benevolent Institutions
or 10 the grounds appurlenant thereto, In anl
city or Incorporated town 10 thi State which {
accessory for the respective uses thereof nor Il
size buildings, equipment and furniture Of hos
piials, asylams. charitable or benevolent insti
tutions IN any county Of this State, but no
within any city or Incorporated town In Thu
STATE, nor 10 the ground not exceeding forty
acres appurtenant respectively thereto, which 1
neaessary for the respective uses thereof nor Il
ne buildings, furniture. equipment or Libraries