Section 11-7-99 - Tax exemption of bonds

11-7-99. Tax exemption of bonds.Bonds of a commission are declared to be issued for an essential public and governmental purpose and to be public instrumentalities and, together with interest thereon and income therefrom, shall be exempt from taxes. Source: SL 1950 (SS), ch 13, §21; SDC Supp 1960, §45.3621.