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 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 64 - Securities Issued in Anticipation of Grants.
Section 11-64-1 - Definitions.
Section 11-64-2 - Power and Authority of Grantees.
Section 11-64-3 - Power and Authority of Municipalities and Public Corporations.
Section 11-64-5 - Exemption of Securities From Taxation.
Section 11-64-6 - Investment Status of Securities.
Section 11-64-7 - Additional Authority; Chapter Not to Repeal, Restrict, or Modify Any Law.