REVENUE AND TAXES. 2567

An. Code, sec. 3. 1904, sec. 3. 1888, sec. 3. 1882, ch. 460.

3. All certificates of indebtedness or evidences of debts in whatever
form made or issued by any State, territory, county public corporation
or foreign country shall be subject to valuation and assessment to the
owners thereof in the county or city in which such owners may respec-
tively reside.

See notes to sec. 2.

Exemptions.

An. Code, sec. 4. 1904, sec. 4. 1888, sec. 4. 1841, ch. 23, sec. 1. 1874, ch. 483, sec. 3.
1880, ch. 122. 1896, ch. 120. 1904, ch. 460. 1906, ch. 464. 1914, ch. 528.

4. The provisions of this sub-title shall not apply to any bonds or
stocks or evidences of indebtedness issued by the United States belonging
to residents of this State, nor to any property in this State belonging to
the United States or to this State, or to any County of this State, or in-
corporated city or town in this State, nor to the real and personal property
owned and acquired by fire insurance salvage corps of Baltimore in pur-
suance of the Act of 1888, Chapter 72, Section 2, nor to any judgment
rendered by any court of record or justice of the peace, nor to houses or
buildings used exclusively for public worship, nor to the furniture con-
tained therein, nor to the parsonage connected therewith, nor to the
grounds appurtenant to such houses, nor to buildings so exclusively used
for public worship or as parsonages which are necessary for the respective
uses thereof, nor shall the provisions of this sub-title apply to graveyards,
cemeteries or cemetery company which do not accumulate profits for any
purpose except for the maintenance or improvement of such cemeteries or
graveyards as cemeteries or graveyards, nor to burying grounds set apart
for the use of any family or belonging to any church or congregation,
nor to crops or produce of any land in the hands of the producer or his
agent, nor to provisions and feed kept for the use and consumption of the
family of the person to whom such provisions and feed shall belong, nor
to the working tools of mechanics or artisans, moved or worked exclusively
by hand, nor to the first three hundred dollars in value of the farming
implements of any farmer, nor to wearing apparel of any description ex-
cept diamonds and other costly jewelry not habitually worn on the person,
nor to fish while in the possession of fishermen employed in catching,
salting and packing the same, or while in possession of their agents un-
sold, nor to buildings, equipments and furniture of hospitals, asylums,
charitable or benevolent institutions or to the grounds appurtenant thereto
in any city or incorporated town of this State which are necessary to
the respective uses thereof, nor to the buildings, equipments and furni-
ture of hospitals, asylums, charitable institutions of any County in this
State, but not within any city or incorporated town of this State, nor to
the ground not 'exceeding forty acres appurtenant respectively thereto,
which are necessary for the respective uses thereof, nor to buildings, fur-
niture, equipment or libraries of incorporated educational or literary in-
stitutions, or to the ground appurtenant thereto, in any city or incor-