1018 ARTICLE 81.

vided further that tangible personal property located in this State, but not
owned by a domestic ordinary business corporation, and not permanently
located in any county or city shall be subject to assessment and taxation in
the county and/or city where the owner resides or has his or its principal
office or place of business in this State; and (c) provided further that
tangible personal property located in this State owned by a domestic ordi-
nary business corporation shall be taxed in the county and/or city in which
the stockholders respectively reside, or if they be non-residents of this
State, then in the county and/or city in which the principal office of the
corporation is situated.

(3) All interest-bearing bonds, certificates of indebtedness or evidences
of debt, owned by residents of the State, in whatsoever form made or issued
by any public or private domestic corporation (other than a county or city
of this State), or made or issued by any State (other than this State), ter-
ritory, district, possession or foreign country, or by any foreign public or
private corporation, in the county and/or city in which the owners respec-
tively reside.

(4) All interest-bearing mortgages, owned by residents of this State on
real estate or tangible personal property situated in whole or in part out-
side of Maryland, in the county and/or city in which such owners respec-
tively reside.

(5) All dividend-paying shares of stock or shares in any foreign corpo-
ration (other than national banks) owned by residents of this State, in the
county and/or city in which the owners respectively reside.

(6) All shares of stock in any national bank situated in this State, in
the county and/or city where the holders thereof respectively reside, or if
they be non-residents of this State, in the county and/or city in which the
principal office of such bank is situated.

(7) All shares of stock in any domestic corporation, other than an ordi-
nary business corporation, in the county and/or city in which the owners
respectively reside, or, in the case of shares owned by non-residents of this
State, in the county and/or city in which the principal office of the corpo-
ration in this State is situated.

(8) All money, including money in bank, belonging to residents of this
State, which shall be the proceeds of sale of stocks, bonds or other property
disposed of for the purpose of evading or escaping taxation, and all invest-
ments in tax-exempt securities or property made not for the purpose of
holding the same permanently or indefinitely, but for the colorable purpose
of evading or escaping taxation, in the county and/or city in which the
owner resides.

(9) All interest, shares or proportion owned by residents of this State
in all ships or other vessels, whether such ships or other vessels be in or out
of port, in the county and/or city in which the owners respectively reside.

(10) The stock in business of goods, wares and merchandise of every
person, firm, foreign corporation and domestic ordinary business corpora-
tion engaged in commercial business in this State, which shall be deemed