Code of Alabama - Title 11: Counties and Municipal Corporations - Section 11-59-16 - Exemption from taxation of corporations, facilities, bonds, etc
Section 11-59-16 - Exemption from taxation of corporations, facilities, bonds, etc.
The corporation and all facilities at any time owned by it and the income therefrom and all bonds issued by it and the income therefrom shall be exempt from all taxation in the State of Alabama.