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.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.
Section 11-54-140 - Definitions.
Section 11-54-141 - Legislative Intent; Liberal Construction.
Section 11-54-142 - Additional Powers Conferred on Municipalities.
Section 11-54-143 - Bonds Issued to Finance Projects.
Section 11-54-144 - Security for Bonds.
Section 11-54-145 - Requirements Respecting Leases.
Section 11-54-146 - Refunding Bonds.
Section 11-54-147 - Use of Proceeds From Sale of Bonds; Cost of Acquiring Project.
Section 11-54-148 - No Contribution by Municipality.
Section 11-54-149 - Bonds Made Legal Investments.
Section 11-54-150 - Exemption From Taxation.
Section 11-54-151 - Construction of Article.
Section 11-54-152 - No Notice or Publication Required.
Section 11-54-153 - Exemption From Requirements of Sections 41-16-50 Through 41-16-63.