Alabama Statutes

§ 11-81-149 — Exemption from Taxation of Undertakings, Bonds, Etc

Alabama·Title 11 Counties and Municipal Corporations·Ch. 81 Municipal and County Bonds·Art. 4 Public Improvement Bonds·Div. 2 Bonds for Certain Revenue-Producing Undertakings

So long as the municipality or county shall own or possess any undertaking the property and revenue of such undertaking shall be exempt from all taxation. Bonds issued under this division and the income therefrom shall be exempt from all taxation.

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Alabama § 11-81-149 (Exemption from Taxation of Undertakings, Bonds, Etc) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Acts 1935, No. 154, p. 195; Code 1940, T. 37, §350.)

Nearby Sections

15

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Number and Names of Counties

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Contracts with Federal, State, and Other County Governments

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Payment of Membership Fees in State Organizations, Etc., for Sheriffs, Tax Assessors, Tax Collectors, Circuit Clerks and Registers, License Commissioners, Etc

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Preparation, Etc., of County Assessment Maps or Plats

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Alteration, Etc., of Precinct or Beat Lines or Creation of New Precincts or Beats

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Provision of Voting Places Where Precinct or Beat Lines Altered, Etc., or New Precincts or Beats Created

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Authority to Join National and State Association of County Commissions

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Warrants for Borrowing Purposes - Execution

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Warrants for Borrowing Purposes - Form of Warrants, Refunding Warrants, Coupons, Etc

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County Declared a Body Corporate

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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

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Transfer of Money Erroneously Paid into County Treasury, Etc., to State Treasury

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Appointment and Use of Public Depositories; Liability

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Closing of County Offices on Legal Holidays and for Special Circumstances; Deadlines Extended for Filing Documents

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