There is a newer version of the Code of Alabama
2006 Alabama Code - Section 2-6-37 — Exemption from taxation.
The properties of the corporation and the rentals derived from the leasing thereof, the bonds issued by the corporation and the income therefrom, all lease agreements made pursuant to the provisions hereof, and all instruments which may be filed for record pertaining to the pledge and lien authorized by this article to be created shall be exempt from all taxation in the state.
(Acts 1951, No. 532, p. 934, §19.)
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