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.