1126                             Laws of Maryland                      [Ch. 850

however, in addition to the exemption hereinabove provided, that for
the purposes of county taxation in Garrett County, the farm imple-
ments and livestock of any bona fide farmer shall be exempt to the
extent of 50% of the value thereof for assessments made as of May 1,
1969; to the extent of the remaining 50% of the value thereof for
assessments made as of May 1, 1970, so that from and after May 1,
1970, such farm implements and livestock shall be entirely exempt.

(11K) For the purposes of county taxation in St. Mary's County,
the farm machinery, farm implements and livestock of any bona fide
farmer shall be entirely exempt.

(12)     Wearing apparel.—Wearing apparel of any description, ex-
cept diamonds and other costly jewelry not habitually worn on the
person.

(13)    Fish.—Fish while in the possession of fishermen employed
in catching, salting and packing the same, or while in the possession
of their agents unsold.

(14)    Tangible property of corporation when shares of such cor-
poration are taxable.—Tangible personal property of any domestic
corporation having a capital stock dividend into shares, if the shares
of stock of such corporation are subject to taxation under the laws of
this State.

(15)    Stock in transportation companies paying gross receipts tax.
—Shares of stock in railroad, express or transportation, parlor
car and sleeping car companies which are subject to taxation under
Section 130 upon their operating revenues within this State; and
(from State taxes only) the operating property of such companies
when the revenues therefrom within this State are subject to taxation
under Section 130.

(16)    Stock in building and homestead associations; mortgages,
etc.—Shares of stock in domestic building and homestead associations
to the extent that such shares represent investments in cash, fixtures,
loans or hypothecated stock of such association, judgments or decrees
of courts of this State, mortgages on real estate, situated in this State,
ground rents issuing from property located in this State, stock of the
Home Loan Bank of Winston-Salem, debentures of the Federal
Housing Administration, and bonds of the Home Owners Loan Cor-
poration, of the United States, of the State of Maryland, and of any
county, city or municipal corporation or other political subdivision
of the State of Maryland, and bonds, debentures and other obliga-
tions of the Maryland Savings-Share Insurance Corporation, and
such other investments as may be made in accordance with the provi-
sions of Section 150, and Sections 160Z and 161Z of Article 23
(1961 Supplement), as amended from time to time, depending upon
which section is effective.

(16˝) Bonds, stock and other direct obligations of Baltimore City
and of counties adopting charters under Article XI-A of the Con-
stitution.—The principal of and interest on any bonds, stock or
other direct obligations of the City of Baltimore, or of any county
of this State which has adopted or adopts a charter under Article
XI-A of the Constitution of this State, this exemption to apply to any
such bonds, stock or other direct obligations, whether heretofore or
hereafter issued, in the hands of the owner or owners thereof from
time to time.