59-9-73 - Negotiability and taxation of bonds issued under Sections 59-9-65 through 59-9-75. - Mississippi Statutes

§ 59-9-73. Negotiability and taxation of bonds issued under Sections 59-9-65 through 59-9-75.
 

All bonds and interest coupons issued under the provisions of Sections 59-9-65 through 59-9-75 shall be and are hereby declared to have all the qualities and incidents of negotiable instruments under the provisions of the Mississippi Uniform Commercial Code and in exercising the powers granted by said sections, the board shall not be required to and need not comply with the provisions of the Uniform Commercial Code. Such bonds and income therefrom shall be exempt from all taxation within the State of Mississippi. 
 

Sources: Codes, 1942, § 7605-23; Laws,  1956, ch. 199, § 23; Laws, 1967, Ex. Sess. ch. 6, §§ 1-3, eff from and after passage (approved June 29, 1967).