Tax exemption of port and terminal utilities

S.C. Code Ann. § 54-5-100, under Title 54, Chapter 5.

S.C. Code Ann. § 54-5-100

All property acquired by any city of this State for the purpose of establishing, developing, maintaining or operating the port and terminal utilities of such city in pursuance of the provisions of this chapter shall be exempt from taxation so long as it shall be maintained and used for such purposes.