All securities issued by authority of this chapter and the interest thereon shall be exempt from all taxation in the state.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 1 - Provisions Applicable to Counties Only.
Chapter 11B - Securities Issued in Anticipation of Grants.
Section 11-11B-1 - Definitions.
Section 11-11B-2 - Power and Authority of Grantees.
Section 11-11B-3 - Power and Authority of Counties and Public Corporations.
Section 11-11B-5 - Exemption of Securities From Taxation.
Section 11-11B-6 - Legal Investment Status of Securities.
Section 11-11B-7 - Issuance of Securities Exempt From Supervision and Control.
Section 11-11B-8 - Grant of Additional Authority; Chapter Not to Repeal, Restrict or Modify Any Law.