Negotiable Instruments; Exempt From Taxation

Checkout our iOS App for a better way to browser and research.

All revenue bonds issued under this article and Article 1 of this chapter shall have and are declared to have all the qualities and incidents of negotiable instruments under the negotiable instruments law of the state. The bonds and the income therefrom shall be exempt from all taxation within the state.

(Ga. L. 1951, p. 699, § 8.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 64 Am. Jur. 2d, Public Securities and Obligations, § 206. 71 Am. Jur. 2d, State and Local Taxation, § 253.

C.J.S.

- 11 C.J.S., Bonds, § 63. 81A C.J.S., States, §§ 446, 447. 84 C.J.S., Taxation, § 315.

ALR.

- Bond or warrant of governmental subdivision as subject of taxation or exemption, 44 A.L.R. 510.


Download our app to see the most-to-date content.