All bonds and interest coupons attached to the same issued under the authority of this chapter shall be exempt from state, county and municipal taxation. (Acts 1927, No. 478, p. 534; Code 1940, T. 37, §269.)
Bonds and Interest Coupons Exempt from Taxation
Ala. Code § 11-81-29, under General Provisions.
Ala. Code § 11-81-29