Code of Alabama
Chapter 55 - Post-Office Projects.
Section 11-55-11 - Exemption From Taxation of Projects, Bonds, Etc.

The bonds authorized by this chapter and the income therefrom, all mortgages executed as security therefor, all lease agreements made pursuant to the provisions of this chapter and all projects and the revenues derived from any lease thereof shall be exempt from all taxation in the State of Alabama.

Structure Code of Alabama

Code of Alabama

Title 11 - Counties and Municipal Corporations.

Title 2 - Provisions Applicable to Municipal Corporations Only.

Chapter 55 - Post-Office Projects.

Section 11-55-1 - Definitions.

Section 11-55-2 - Powers of Municipalities Generally as to Acquisition and Leasing of Projects for Post Offices and Issuance of Bonds Therefor.

Section 11-55-3 - Bonds - Form, Terms, Denominations, etc.; Execution, Sale, Delivery, Redemption, Etc.

Section 11-55-4 - Bonds - Security for Payment of Principal and Interest.

Section 11-55-5 - Bonds - Disposition of Proceeds From Sale.

Section 11-55-6 - Refunding Bonds.

Section 11-55-7 - Notice To, Approval or Consent of Governmental Body, etc., Not to Be Required for Sale or Issuance of Bonds or Execution of Mortgages.

Section 11-55-8 - Investment in Bonds by Savings Banks and Insurance Companies.

Section 11-55-9 - Contribution by Municipalities to Costs of Acquisition of Projects or Use of Municipal Lands Therefor; Acceptance of Donations of Property or Money for Projects.

Section 11-55-10 - Requirements as to Leases of Projects.

Section 11-55-11 - Exemption From Taxation of Projects, Bonds, Etc.

Section 11-55-12 - Construction of Chapter.

Section 11-55-13 - Authority of Cities or Towns to Acquire, etc., and Lease Facilities to United States Postal Service; Issuance of Bonds, etc., to Finance Acquisitions.