O.C.G.A.
O.C.G.A.

O.C.G.A. § 20-3-157 (2019)

Bonds negotiable; exemption of bonds from taxation

✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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All revenue bonds issued under this article shall have all the qualities and incidents of negotiable instruments under Article 8 of Title 11. Such bonds and the income thereof shall be exempt from all taxation within the state.

History

(Ga. L. 1949, p. 1009, § 8.)

Annotations

RESEARCH REFERENCES

Am. Jur. 2d. - 64 Am. Jur. 2d, Public Securities and Obligations, §§ 11, 34. 71 Am. Jur. 2d, State and Local Taxation, § 346.

C.J.S. - 84 C.J.S., Taxation, § 251.