59-17-37 - State bonds; negotiability; exemption from taxation.
§ 59-17-37. State bonds; negotiability; exemption from taxation.
All bonds and interest coupons issued under the provisions of this chapter 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 income therefrom shall be exempt from all taxation within the State of Mississippi.
Sources: Codes, 1942, § 7623-16; Laws, 1968, ch. 430, § 16, eff from and after passage (approved August 8, 1968).