91t

(a) The Corporation and its subsidiaries shall be exempt from payment of commonwealth and municipal duties, taxes and excises except income tax.(b) The Corporation shall also be exempt from payment of all kinds of fees, taxes or duties required or that may be required hereafter by laws to institute judicial proceedings, the issuance of certificates in all the offices and dependencies of the Government, the execution of public documents and their registration in the registry of property.(c) In order to facilitate the procurement of funds by the Corporation to enable it to carry out its corporate purposes, all bonds issued or to be issued by the Corporation and the income therefrom shall be and remain at all times exempt from payment of every tax.(d) Nothing provided in this section shall be understood to exempt from tax, duties, fees, or excises, private persons, corporations or partnerships, except for the provision concerning the income from bonds issued by the Corporation.(e) Partially-possessed subsidiary corporations engaged in extraction shall not be entitled to tax exemption. History —July 2, 1975, No. 145, p. 433, § 21.