The bank, including its franchise, its capital, reserves, and surplus, its advances, and its income, is going to be exempt out-of all the taxation no credit check loans in Alabama today or hereinafter implemented from the Us, by any Territory, dependency, or possession thereof, or by any State, county, municipality or local taxing authority, except that in any real property and the bank shall be subject to State, Territorial, county, municipal, or local taxation to the same extent according to its value as other real property is taxed. (Emphasis added.)
Values From Statutory Framework Determine One to Code Part 4960 Will not Connect with The new FHLBANKS
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