JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 647

from taxation by the law of said State authorizing
the issue of such bonds ; all bonds issued by any
territory, or by any corporation belonging to resi-
dents of this State; all investments in private
securities of every kind, nature and description,
belonging to residents of this State, except mort-
gages upon property wholly within this State, and
the mortgage debts respectively secured thereon ;
the real property located in this State, and the
personal property owned by any corporation in-
corporated by this State, not having a capital
divided into shares, or having shares of capital
stock 'which are wholly or in part exempted from
taxation by this State, when the said real or per-
sonal property so owned by said corporation is not
protected from taxation by the exemption of said
shares of stock from taxation ; and all other prop-
erty of every kind, nature and description within
this State, shall be liable to be valued to the re-	Valued to re-
spective owners thereof, and to be assessed and	spective own-
taxed as the property of such respective owners,	ers.
except as provided in the next ensuing section.
SEC. 3. That the provisions of the preceding
section shall not apply to any bonds, stock or evi-	What not to
dences of debt issued by the United States, or to	apply to
any property belonging to the United States, or to this State, or to any county or incorporated city
or town in this State, to houses or buildings used
exclusively for public worship, or to the furniture
contained therein, or to the parsonages connected
therewith, or to the grounds appurtenant to such houses or buildings so exclusively used for public
worship or as parsonages, which may be necessary
for the respective uses thereof; nor shall the pro-
visions of the said preceding section apply to
graveyards, cemeteries or cemetery companies pay- ing no dividends, or to burying grounds set apart
for the use of any family, or belonging to any
church or congregation ; or to the crop or produce
of any land in this State in the hands of the pro-
ducer or his agent; or to provisions kept for the
use and consumption of the family of the person
to whom the same shall belong; or to the working
tools of mechanics and manufacturers, moved or
worked exclusively by hand ; or to wearing apparel