43-35-207 - Revenue bonds; negotiability; tax exemption.
§ 43-35-207. Revenue bonds; negotiability; tax exemption.
All bonds and interest coupons 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 Uniform Commercial Code of the State of Mississippi. Such bonds and the income therefrom shall be exempt from all taxation within the State of Mississippi, except inheritance taxes.
Sources: Codes, 1942, § 3374-204; Laws, 1970, ch. 499, § 4, eff from and after passage (approved April 3, 1970).