All bonds issued under this article shall have and are declared to have all the qualities and incidents of negotiable instruments under the laws of this state. Such bonds, their transfer, and the income therefrom shall be exempt from all taxation within this state.
(Ga. L. 1953, Jan.-Feb. Sess., p. 626, § 18; Ga. L. 1955, p. 124, § 19; Ga. L. 1967, p. 385, § 18; Code 1933, § 95A-1218, enacted by Ga. L. 1973, p. 947, § 1.)
RESEARCH REFERENCES
ALR.
- Bond or warrant of governmental subdivision as subject of taxation or exemption, 44 A.L.R. 510.