Statutes > Georgia Statutes > TITLE 52 - WATERS OF THE STATE, PORTS, AND WATERCRAFT > CHAPTER 2 - GEORGIA PORTS AUTHORITY > § 52-2-18 - Revenue bonds -- Status of bonds as negotiable instruments; tax exemption for bonds and for income therefrom

§ 52-2-18 - Revenue bonds -- Status of bonds as negotiable instruments; tax exemption for bonds and for income therefrom

O.C.G.A. 52-2-18 (2010)
52-2-18. Revenue bonds -- Status of bonds as negotiable instruments; tax exemption for bonds and for income therefrom


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