Bonds Negotiable; Exemption of Bonds From Taxation

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  6. Bonds Negotiable; Exemption of Bonds From Taxation

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All revenue bonds issued under this article shall have all the qualities and incidents of negotiable instruments under Article 8 of Title 11. Such bonds and the income thereof shall be exempt from all taxation within the state.

(Ga. L. 1949, p. 1009, § 8.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 64 Am. Jur. 2d, Public Securities and Obligations, §§ 11, 34. 71 Am. Jur. 2d, State and Local Taxation, § 346.

C.J.S.

- 84 C.J.S., Taxation, § 251.


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