Alabama Code Title 10A. Alabama Business and Nonprofit Entities Code § 10A-20-1.04
Current as of December 30, 2022 | Updated by FindLaw Staff
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Bonds, certificates, or other evidence of indebtedness issued by the district under this Chapter are deemed to be securities of public entities within the meaning of Chapters 13 and 13-A of Title 39 of the Louisiana Revised Statutes of 1950, and shall be subject to defeasance in accordance with the provisions of Chapter 14 of Title 39 of the Louisiana Revised Statutes of 1950, and may be refunded in accordance with the provisions of Chapter 14-A and 15 of Title 39 of the Louisiana Revised Statutes of 1950, and may also be issued as short term revenue notes of a public entity under Chapter 15-A of Title 39 of the Louisiana Revised Statutes of 1950.
The district and all properties at any time owned by the district and the income therefrom and all bonds, certificates, and other evidences of indebtedness issued by the district under this Chapter and the interest or income therefrom shall be exempt from all taxation by the state of Louisiana.
Cite this article: FindLaw.com - Alabama Code Title 10A. Alabama Business and Nonprofit Entities Code § 10A-20-1.04 - last updated December 30, 2022 | https://codes.findlaw.com/al/title-10a-alabama-business-and-nonprofit-entities-code/al-code-sect-10a-20-1-04/
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