The exercise of the powers granted by this article will be in all respects for the benefit of the people of the state for the purpose of conserving natural resources, for the increase of commerce and prosperity and for the improvement of health and living conditions. Since the operation and maintenance of projects authorized by this article will constitute the performance of essential functions, the bonds authorized by this chapter and the income therefrom and all mortgages executed as security therefor shall be exempt from all taxation in the State of Alabama.
Structure Code of Alabama
Title 9 - Conservation and Natural Resources.
Chapter 10 - Water Conservation and Irrigation.
Article 2 - Water Conservation and Irrigation Corporations.
Section 9-10-31 - Certificate of Incorporation - Contents; Execution.
Section 9-10-32 - Certificate of Incorporation - Filing.
Section 9-10-33 - Board of Directors and Officers.
Section 9-10-34 - Powers and Duties Generally.
Section 9-10-37 - Refunding Bonds.
Section 9-10-38 - Security for Bonds.
Section 9-10-40 - Bonds, etc., Not Obligations of State or Counties.
Section 9-10-41 - Bonds, etc., Exempt From Taxation.
Section 9-10-43 - Contracts for Construction Work.
Section 9-10-44 - Projects to Be Maintained in Good Condition.
Section 9-10-45 - Officers of Corporations Not to Be Interested in Contracts, etc.; Penalty.