40

Both the principal and the interest earned by the bonds or certificates of indebtedness issued by the Secretary of the Treasury of Puerto Rico in accordance with the provisions of §§ 35—43 of this title shall be paid in currency of the United States of America, at the place that the Secretary of the Treasury of Puerto Rico may have previously designated, and they shall be exempt from the payment of all kinds of taxes, including income taxes. History —Dec. 7, 1942, No. 33, p. 174, § 6, eff. 90 days after Dec. 7, 1942.