Alabama Statutes
§ 11-81-172 — Revenue Bonds - Exemption from Taxation
Alabama·Title 11 Counties and Municipal Corporations·Ch. 81 Municipal and County Bonds·Art. 5 Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems
The bonds and interest coupons issued under this article are hereby exempted from any and all state, county, municipal and other taxation whatsoever under the laws of the State of Alabama, and it shall be plainly stated on the face of each such bond as follows: “The principal of and interest on this bond are exempted from any and all state, county and municipal and other taxation whatsoever under the laws of the State of Alabama.”
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Alabama § 11-81-172 (Revenue Bonds - Exemption from Taxation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1933, Ex. Sess., No. 102, p. 88; Code 1940, T. 37, §318.)
Nearby Sections
15
§ 11-1-1
Number and Names of Counties§ 11-1-2
County Declared a Body Corporate