§13-2D-12. Exemption from taxation.
The revenue bonds issued pursuant to this article and the
income therefrom shall be exempt from taxation except
inheritance, estate and transfer taxes; and the real and personal
property which a county court may acquire for an airport
according to the provisions of this article shall be exempt from
taxation by the state, or any county, municipality or other
levying body, as public property, so long as the same is owned by