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State Statutes - Maryland - Article Corporations - Municipal - (g23A) - Section 35
Maryland Statutes
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Section 35

      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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