Home/Alabama/Statutes/Title 11: Counties and Municipal Corporations/Ch. 20: Promotion of Industry and Trade/Art. 1: Acquisition, Ownership, and Lease of Projects by Counties/§ 11-20-12
Alabama Statutes

§ 11-20-12 — Exemption from Taxation of Projects, Bonds, Etc

Alabama·Title 11 Counties and Municipal Corporations·Ch. 20 Promotion of Industry and Trade·Art. 1 Acquisition, Ownership, and Lease of Projects by Counties
The bonds authorized by this article and the income therefrom, all mortgages executed as security therefor, all lease agreements made pursuant to the provisions hereof and all projects and the revenue derived from any lease thereof shall be exempt from all taxation in the State of Alabama.

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Alabama § 11-20-12 (Exemption from Taxation of Projects, Bonds, Etc) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Acts 1961, Ex. Sess., No. 178, p. 2147, §11.)

Nearby Sections

15
§ 11-1-1
Number and Names of Counties
§ 11-1-10
Contracts with Federal, State, and Other County Governments
§ 11-1-11
Payment of Membership Fees in State Organizations, Etc., for Sheriffs, Tax Assessors, Tax Collectors, Circuit Clerks and Registers, License Commissioners, Etc
§ 11-1-12
Preparation, Etc., of County Assessment Maps or Plats
§ 11-1-13
Alteration, Etc., of Precinct or Beat Lines or Creation of New Precincts or Beats
§ 11-1-14
Provision of Voting Places Where Precinct or Beat Lines Altered, Etc., or New Precincts or Beats Created
§ 11-1-15
Authority to Join National and State Association of County Commissions
§ 11-1-16
Warrants for Borrowing Purposes - Execution
§ 11-1-17
Warrants for Borrowing Purposes - Form of Warrants, Refunding Warrants, Coupons, Etc
§ 11-1-2
County Declared a Body Corporate
§ 11-1-3
Jurisdiction Over Navigable Streams Not Within Limits of Any County; Execution of Process on Said Streams
§ 11-1-5
Uniform Designation for County Governing Bodies
§ 11-1-6
Transfer of Money Erroneously Paid into County Treasury, Etc., to State Treasury
§ 11-1-7
Appointment and Use of Public Depositories; Liability
§ 11-1-8
Closing of County Offices on Legal Holidays and for Special Circumstances; Deadlines Extended for Filing Documents
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