All bonds issued by any code county in accordance with this subtitle shall have and possess all the attributes of negotiable instruments as provided in § 8 of Article 31 of this Code and in Title 8 of the Commercial Law Article. The principal of and interest on any bonds 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.