21-156 - Exemption of bonds from taxation. - Virginia Statutes

§ 21-156. Exemption of bonds from taxation.

The bonds of such district or commission, and the property owned or operatedby such district or commission shall be exempt from all taxation, and theinterest on the bonds shall take the same status under tax laws as theinterest on bonds of other political subdivisions of the Commonwealth.

(1942, p. 600; Michie Code 1942, § 1560kk; 1944, p. 72; 1946, p. 528.)