All bonds and tax anticipation notes issued by any municipal
corporation in accordance with its charter or in accordance with this
subheading, shall have and possess all the attributes of negotiable
instruments as provided in § 8 of Article 31 of this Code. The
principal of and interest on any such bonds or tax anticipation notes
in the hands of the owner or owners thereof from time to time, shall be
and remain exempt from taxation of any kind or nature whatsoever by the
State of Maryland and by any county, municipal corporation or other
political subdivision thereof.
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