Section 57-1-47 - Municipal enterprises exempt from taxation

All enterprises acquired, constructed or owned by any of said municipalities under the provisions of Sections 57-1-1 through 57-1-51, are declared the public property of each of said municipalities, and as such, shall not be subject to taxation.Codes, 1942, § 8936-21; Laws, 1944, ch. 241, § 20, eff. 7/1/1944.