As Amended
SEC. 57-1-47. Municipal enterprises exempt from taxation.
All enterprises acquired, constructed or owned by any of said municipalities under the provisions of sections 57-1-1 to 57-1-51, are declared the public property of each of said municipalities, and as such, shall not be subject to taxation.
SOURCES: Codes, 1942, Sec. 8936-21; Laws, 1944, ch. 241, Sec. 20, eff on and after July 1, 1944.