TITLE 32 HIGHWAYS, BRIDGES, AND FERRIES

Section 10. Public Authorities, 32-10-1 through 32-10-133.

ARTICLE 1 GEORGIA HIGHWAY AUTHORITY

32-10-34. Status of bonds as negotiable instruments; tax exemption for bonds, their transfer, and income therefrom.

All bonds issued under this article shall have and are declared to have all the qualities and incidents of negotiable instruments under the laws of this state. Such bonds, their transfer, and the income therefrom shall be exempt from all taxation within this state.

(Ga. L. 1953, Jan.-Feb. Sess., p. 626, § 18; Ga. L. 1955, p. 124, § 19; Ga. L. 1967, p. 385, § 18; Code 1933, § 95A-1218, enacted by Ga. L. 1973, p. 947, § 1.)