All paving certificates issued under the provisions of R.S. 33:3689.1-33:3689.17 shall be exempt from taxation. They shall be acceptable as security for any deposits of public funds.
La. R.S. 33:3689.16
Exemption of certificates from taxation; acceptability as security
Acts 1952, No. 430, §16.
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.