§ 30-119. Negotiability; exemption from taxation.

Latest version.

All revenue bonds issued under the provisions of this article shall have and are hereby declared to have all the qualities and incidents of negotiable instruments under the negotiable instruments law of the state. Such bonds are declared to be issued for an essential public and governmental purpose and the said bonds and the income thereof shall be exempt from all taxation within the state.

(1960 Ga. Laws (Act No. 766), page 2810, § 8)

                    
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