The corporation and all facilities at any time owned by it and the income therefrom and all bonds issued by it and the income therefrom 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 59 - Public Athletic Boards.
Section 11-59-1 - Definitions.
Section 11-59-2 - Legislative Intent; Construction of Chapter Generally.
Section 11-59-4 - Certificate of Incorporation - Contents; Execution and Acknowledgment.
Section 11-59-6 - Certificate of Incorporation - Amendment.
Section 11-59-7 - Board of Directors.
Section 11-59-8 - Powers of Corporations Generally.
Section 11-59-10 - Bonds - Security for Payment of Principal and Interest; Remedies Upon Default.
Section 11-59-12 - Conveyances of Properties to Corporations by Municipalities.
Section 11-59-13 - Powers of Corporations as to Conveyances, etc., of Title to Facilities.
Section 11-59-16 - Exemption From Taxation of Corporations, Facilities, Bonds, Etc.