Bonds issued under the provisions of this act [21-11-15, 21-11-16, 21-11-18 to 21-11-26 NMSA 1978] shall forever be and remain free and exempt from taxation by this state or any subdivision thereof.
History: 1941 Comp., § 55-2624, enacted by Laws 1947, ch. 119, § 12; 1953 Comp., § 73-27-26.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 71 Am. Jur. 2d State and Local Taxation §§ 495, 526.
Constitutional enumeration of subjects of tax exemption as affecting power of legislature to free government securities or property from taxation, 9 A.L.R. 436.
84 C.J.S. Taxation § 260.
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