WVC 18 - 11 E- 13
§18-11E-13. Exemption from taxation.
The exercise of the powers granted to the board by this
article will be in all respects for the benefit of the students
and the faculty and other employees at Marshall University and
the other people of the state, for the improvement of their
safety, convenience and welfare, and is a public purpose. As the
operation and maintenance of the football stadium or other
athletic facilities at Marshall University constitute the
performance of essential governmental functions, the board shall
not be required to pay any taxes or assessments upon any property
acquired or used by the board or upon the income therefrom. All
bonds and notes of the state issued by the board, and all
interest and income thereon, shall be exempt from all taxation by
the state and any county, municipality, political subdivision or
agency thereof, except inheritance taxes.