Each project and the income from all leases made with respect thereto, the warrants issued by the corporation and the income therefrom and all lease agreements and mortgages made pursuant to the provisions hereof shall be exempt from all taxation in the state.
Ala. Code § 11-15-17
Projects, Income from Leases, Warrants, Etc., Exempt from Taxation.
(Acts 1951, No. 682, p. 1172, §14.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.