AN ACT relating to taxes for County and Municipal Purposes.

Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met, as follows:

SECTION 1. That the real estate of "The Philadelphia, Wilmington and Baltimore Railroad Company" and of…corporation within this State, excepting…said corporations as shall be included within the limits of the rights of way, or road beds of their respective lines of railroad, shall be subject to taxation and assessment for county and municipal purposes in the same manner as other like property of individuals is subject thereto for like purposes, any provisions of any existing law or laws to the contrary notwithstanding; Provided, however, that any building erected in whole or in part within the limits of any such right of way or roadbed shall not by reason of the exception therein made be exempted from assessment and taxation, although the land upon which building shall be wholly, or in part, located, is by this act expressly exempted therefrom.

Passed at Dover, March 31, 1887.