All certificates issued under the authority of this chapter shall be exempt from taxation. (Acts 1915, No. 53, p. 105; Code 1923, §243; Code 1940, T. 12, §128.)
Certificates Exempt from Taxation
Ala. Code § 11-10-5, under Making of Loans in Anticipation of Taxes.
Ala. Code § 11-10-5