68-2309. Same; interest and income from bonds exempt from taxation, exception.
68-2309
68-2309. Same; interest and income from bonds exempt from taxation,exception.The exercise of the powers granted by this act will be in all respectsfor the benefit of the people of the state, for the increase of theircommerce and prosperity and for the improvement of their health and livingconditions; and as the construction, improvement and reconstruction ofhighway projects in the state will constitute the performance of essentialgovernmental functions, all bonds issued pursuant to the provisions of thisact, and all income or interest therefrom, at all times shall be exemptfrom all state taxes, except inheritance taxes.
History: L. 1972, ch. 252, § 8; Feb. 22.