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Section 41-10-107 - Exemption from taxation of bonds, income, projects, etc., of corporation.

AL Code § 41-10-107 (2019) (N/A)
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Each project and the income from all leases made with respect thereto, the bonds issued by the corporation and the income therefrom and all lease agreements and indentures made pursuant to the provisions of this article shall be exempt from all taxation in the state.

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Section 41-10-106 - Appropriations to corporation by municipality or county authorized; limitations.
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Section 41-10-108 - Dissolution of corporation and vesting of title to properties thereof upon dissolution; vesting of title to projects upon payment in full of bonds pertaining thereto; formation of corporation not to prevent subsequent formation of other corporations by same county.